What is Zerion?
What is Zerion?

By Alvin Brian Vlogs | Cypherpunk | 1 Jun 2020


b676e1166e0f26e10f3a935790844a12c14d24b4424868d95b87ada1894ef114.pngZerion is a non-custodial DeFi Dashboard designed for simplicity, clarity, and user-friendliness.

Amongst a sea of competitors, Zerion sets itself apart with its clean and clear interface, its support of top DeFi applications, and its minimally-invasive approach.

Think of Zerion as the dashboard for your DeFi portfolio. At a glance, you can see your balance, transaction history, savings, and investments in detail.

Its minimally invasive approach means that you can use many of the features of Zerion without giving it any access to your funds. With DeFi hacks happening regularly, this is an incredibly important feature.

Why Do We Need a DeFi Dashboard?

Even with Contract names, it’s difficult to read Etherscan transactions

Even with Contract names, it’s difficult to read Etherscan transactions

Whether you use Metamask or Etherscan, it’s hard to keep track of all your token trades and DeFi transactions.

While wallets do a good job of showing simple transactions and balances, most wallets today still don’t recognize complex DeFi interactions, such as supplying liquidity on Uniswap, staking SNX, or opening a MakerDAO vault.

Everything at a Glance

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Zerion provides a 360-degree view of your DeFi portfolio. You can see everything from your balance history, your interest earned, your vaults, and loans open.

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Token balances, including Dapp tokens such as Tokensets, or Uniswap Pool tokens, are all recognized and shown. If you have MakerDAO vaults or Synthetix SNX staked, you can see it here too.

 

Transaction History

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If you’re anything like me, you’ve probably made countless trades and token swaps. Created and closed vaults. Staked and un-stake SNX.

Keeping track of all these trades so you can calculate your profits and loss, or for tax purposes, used to be damn near impossible. Metamask only shows a single coin at a time, and every Dapp transaction is an indecipherable “contract interaction”. Etherscan is only slightly better.

Zerion shows you every single trade you made in crystal clear terms, with logos for each token and Dapp. You can see every trade you made and when you made it, with transactions clearly divided across dates.

Investing and Saving

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Zerion also provides insight into your lending and liquidity pooling activities.

You can see how much interest you have earned, or how much you have earned from supplying liquidity on Uniswap.

The liquidity pooling is especially useful because these returns are quite difficult to calculate by hand. Normally to see how much money you’ve made on Uniswap liquidity pooling, you’d have to login to uniswap, go to the pool page, check your pool share, and calculate that against the market price of each token.

Needless to say, having that figure calculated automatically for you is much easier. In addition, Zerion provides an invaluable “Return vs HODLing” figure.

Since supplying liquidity on Uniswap provides complex returns which involve “impermanent loss”, understanding your returns vs holding allows you to make intelligent decisions about how to supply liquidity for maximum gains(and minimum loss).

Additional Features

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Zerion has additional features beyond what I’ve described. You can also save money in DSR, borrow money with Compound, manage your Vault, exchange tokens, and more.

Summary

Every one in a while there is a DeFi project that makes you go “Wow — that’s pretty neat”. Zerion is definitely in that category. This one app can save you countless hours of tracking trades and calculating profits or losses.

Because of its recognition of DeFi acitivity, you can see balances that Metamask doesn't know about. In fact, the first time I logged into Zerion, I discovered $2,500 in USDC liquidity pooling that I had completely forgotten about.

To put it simply, if you use DeFi, you need to use Zerion.

Thanks for reading. If this article helped you, please follow My Channel & Blogs thanks!

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Alvin Brian Vlogs
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