⚡️Using Zapper To Save Time & Gas entering yVaults 🧠
PLUS VIEWING COMBINED WALLET BALANCES IS LIVE!
What are yVaults? Who are they for? And what are the risks involved?
We made a short video tutorial to help you get started. Make sure to check out additional community resources below 👇
Why use a Zap as opposed to doing it yourself?
To save time and gas. Typically DeFi users have to perform 3-4 transactions in order to achieve a desired DeFi action. For example: if you have ETH, to enter YFI Vault, you will first need to swap your ETH into YFI, after approve YFI, and finally supply YFI. Each one of these steps is a separate on-chain transaction, which you not only have to pay but also wait for to complete before you initiate your next one.
Additional community resources:
Detailed tutorial from learnyearn.finance
Discover which strategy each vault is currently utilizing for best yields on feel-the-yearn.app
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New features:
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Zap in to any vault will cost around 0.02 ETH which is around 0.11ETH which is $429, withdraw will cost more. This is insane