Zaps

Zaps are smart contracts that deploy capital across multiple DeFi protocols in one transaction - minting liquidity/position tracking tokens directly from Uniswap, Compound, Maker, Synthetix, etc.

DeFiZap doesn’t spread your capital across 'top 10 on coinmarketcap' - Zaps inject it into financial protocols built on top of Ethereum, furthering user adoption.

Why use Zaps?

Get instant access to the most innovative opportunities in DeFi directly from your Ethereum wallet. 💸Lending, 🦄Pooling, ⛽️Staking, 🚀Leveraged Liquidity Pooling and more.

Zapping in

Say you have ETH and want a position in the Uniswap ETH-DAI pool. This yielded 4% over the last 90 days but you think ETH to USD price will stay flat (important due to impermanent loss) and Uniswap fees will increase yield above the Dai Savings Rate.

Well, it’s a painful process to get into that position. You need to supply half ETH and half DAI. Takes 4 transactions. 10 minutes.

Zap allows you to do it in one click.

Zapping out

Now say you zapped into the Uniswap ETH-DAI position above. You made profit, now you want out. You can zap out the same way you zapped in. One transaction, back to one asset. Easy.

There are dozens of Zaps now. Each Zap is a recipe for getting into and getting out of a DeFi position—in one click.

Which Zap should you pick?

This is like asking which DeFi positions should I take? It depends what you’re trying to accomplish. DeFiZap has a simple survey you can take that recommends a few based on your tolerances. Zaps are already integrated directly in wallets such as Frontier too.

Unipool Zaps 🦄

Unipool Zaps allow anyone to earn trading fees by adding liquidity to Uniswap Pools using ETH (or ERC20s).

Unipool Zaps auto swaps half of your input into appropriate ETH/ERC20 portions required to match for the pool, effectively allowing you to start earning liquidity fees without having to go out of your way to supply both sides of the pool. This is especially useful to help liquidity providers measure their returns.

Some popular Unipool Zaps include:

⚡️sETH Unipool: Bullish on ETH ⚡️MKR Unipool: Expect ETH to MKR rate to remain flat ⚡️DAI Unipool: Expect ETH to DAI rate to remain flat ⚡️CHAI Unipool: Expect ETH to CHAI rate to remain flat ⚡️General Unipool: Pick your own ETH-Token pool

Zap Cheatsheet

Here’s a quick cheat-sheet on popular Zaps available and the positions they provide: