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Introduction To Zerion

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The need for DeFi dashboards is constantly on the rise because manual money management in DeFi can be a hustle if you aren’t crypto savvy. Zerion is certainly one of the well-known names in this niche. It aims to become competitive by providing simple solutions to seemingly complex problems through an easy-to-use dashboard tailored for everyday DeFi users.

What Is Zerion? #

Zerion is a non-custodial DeFi dashboard that provides users with a set of DeFi tools that can make everyday investing a lot easier. It can be useful for portfolio management, making multiple trades from one interface and discovering new investment opportunities through the tracking tools provided by Zerion.

How To Use Zerion? #

Interacting with Zerion is fairly simple. Simply go to the homepage and connect your wallet. The network you are on doesn’t really matter because Zerion is a multi-chain application.

Zerion supports a wide range of wallets but if you don’t want to connect it to the website for any reason there is still an option to manually track your portfolio by looking up your wallet address or ENS name.

When the wallet is connected you will be able to see your complete portfolio or select specific chains that are tracked by this dashboard.

Just like all other dashboards, Zerion will not be as precise as you would want it to be, but it can still provide a clear overview of your DeFi portfolio along with NFTs.

By using the options available on the left side of the screen users can get the most out of this DeFi dashboard.

Overview, history and invest are used for portfolio tracking and investing. Zerion offers a wide range of categories for existing investment opportunities while keeping all of them organized by their use case and category.

Other options will allow you to see your NFT collection, track the current value of your NFTs, perform swaps and add projects to your favourites list.

Similar to Zapper, users can deposit funds in saving protocols and borrow assets based on their collateral directly from the dashboard. Pooling tokens through one-click solutions is also available.

One feature that surely sets Zerion apart from others is the ability to track the value of LP tokens on Uniswap and many other decentralized exchanges (DEX). If you have assets in the ETH/BTC pool for example, but don’t know their USD value, it is easy to check it through Zerion.

Search for the pair and multiply the price with the number of LP tokens you are holding. In this case, if you had 2 LP tokens your underlying USD value would be a bit above $8k.

Finally, Zerion can also serve as a fiat onramp for crypto, offering some easy onboarding solutions directly inside the dashboard.

Conclusion #

DeFi dashboards still have a long way to go in terms of development and interoperability to become reliable tools for every DeFi investor but even in their current form they can provide value and save time.

Having one-click solutions simplifies many processes in DeFi and allows complete beginners to get involved in decentralized finance. On top of that, simplified portfolio tracking allows for making better investment decisions and Zerion does a great job at providing this information.

Updated on January 13, 2022
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