Ethereum
$147.73 -1.24%
ETH · 1w

LOOKING FOR FEEDBACK: I started working on DeFiZap to help anyone get instant exposure across multiple DeFi protocols in a single transaction. This saves time & gas. Earlier this month we took #1 @KyberDeFi Hackathon & are currently looking for additional feedback from the community :)

​ https://preview.redd.it/e6kmygvfp9141.png?width=2600&format=png&auto=webp&s=1f631e982478ef678f6d33bb5b3a3d1c108e2958 **🔗** [**DeFiZap.com**](https://defizap.com/) ⚙️ [**Github**](https://github.com/DeFiStrategies/KyberVirtualHackathon) **⏯** [**DeFi Tutorials**](https://defitutorials.com/) **💬** [**Telegram**](https://t.me/DeFiZap) **What is DeFiZap?** * DeFiZap is a system of smart contracts to help anyone get instant exposure across multiple DeFi protocols in a single transaction through Zaps. * Zaps auto-spread incoming deposits into balance tracking tokens (e.g. cDAI, dLETH2x, iDAI, etc.) based on coded allocations, ***saving users time (minimum 2 Metamask interactions eliminated) & gas (average 40% saved on gas as opposed to manually interacting with multiple protocols).*** * End-users and dapp developers are able to utilize one of the deployed Zaps or customize & deploy their own using a general Zap Factory contract. https://preview.redd.it/ao0u9jsgp9141.png?width=1100&format=png&auto=webp&s=5c92793f5a90ed8cd9711e9e522ea0753731bf90 For example, Double Bull Zap automatically splits your deposit into opening Perpetual (no expiration) 2x Long on **ETH**([dLETH2x](https://etherscan.io/token/0x8129d9b2c3748791c430fea241207a4f9a0ac516)) + **BTC**([dLWBTC2x](https://etherscan.io/token/0x9fe6854447bb39dc8b78960882831269f9e78408)). So if you send 1 ETH to[ DoubleBull.DeFiZap.eth](https://etherscan.io/address/doublebull.defizap.eth): * 0.5 of your ETH will go towards opening Perpetual BTC Long position with 2x leverage. * 0.5 ETH will be used to open Perpetual ETH Long with 2x leverage. This means you will have exposure to 1 ETH (0.5x2). allocates incoming deposits 90% to cDai and 10% to dLETH2x. Therefore, if you send 1 ETH to this Zap, you will receive 0.9 ETH's worth of cDai and place a 2X margin trade with 0.1 ETH on Fulcrum (giving you exposure to 0.2 ETH). Lender's Zap is interesting because, within a year, the interest generated from ...
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