DeFi Aggregator Zerion Rebrands to a One-Stop Shop for Investors

Share this article

DeFi tracking solution Zerion has recently upgraded its platform, offering users new tools to manage their crypto portfolios rather than simple monitoring services.

From Tracking to Managing, Zerion Turns a Corner

Zerion is now a non-custodial DeFi portfolio manager that helps users keep track of their portfolio using a simple interface. 

It takes into account liquidity provider (LP) tokens and lending positions on services that it supports. Currently, Zerion users can execute Uniswap, 1Inch, Sushi, 0x, Balancer, and Compound smart contracts from the app’s interface.

Furthermore, users can explore the market and buy or sell ERC-20 tokens without leaving the application. The market explorer enables users to see all tokens, price movements, market cap, and current price. 

The DeFi aggregator supports the majority of Ethereum-based wallets such as MetaMask, Portis, Ledger, WalletConnect, and Coinbase Wallet. Users can also monitor an Ethereum address without the ability to execute transactions.

The Price of Simplicity

Zerion doesn’t explicitly state the fees it charges for the service. Trying out an experimental UNI/ETH swap using Zerion and another swap without using Zerion, however, offers insights into the platform’s fees.

To fulfill the request, the platform searched 25 liquidity providers to find the best opportunity, landing conveniently on Uniswap. The identical transaction was then set up on both platforms to compare any price differences. 

Upon execution, Uniswap was 0.01% cheaper to execute than Zerion. 

We observed a price difference of 1.77% in the gas fees necessary to run the transaction. The “minimum received” values showcased a difference of 0.86%. 

Competitors such as InstaDapp and Zapper offer similar products, but Zerion is closing in fast with new tools and capabilities. 

Even though there is room for improvement in the transaction fee department, Zerion is placing a lot of pressure on competitors to outperform this service with this update.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article