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How Does Zapper.fi Work

In only a few clicks, you can invest in hundreds of DeFi strategies with Zapper. By distributing capital in a single DeFi command control center and integrating with the most trusted DeFi apps

Founded in 2020, Zapper.fi is a simple dashboard for keeping track of your DeFi portfolio, including assets, debts, liquidity pools, staking, claimable prizes, and yield farming activities–and it requires no personal information! Simply connect your Ethereum wallet or paste the ETH wallet address or ENS domain into the ENS domain field.

In only a few clicks, you can invest in hundreds of DeFi strategies with Zapper. By distributing capital in a single DeFi command control center and integrating with the most trusted DeFi apps like yearn.finance, Uniswap, Balancer, and Curve, Zapper saves you time, effort, and lowers transaction fees.

Connecting Your Zapper.fi Account To ZenLedger

  • To import your transactions, log in to Zapper.fi and copy your receiving address.
  • Paste the receiving address you copied from Zapper.fi into the wallet address field in ZenLedger.
  • Select the proper coin from the dropdown list.
  • Select if the wallet is based in the USA or not.
  • Then hit add coin.

How To Generate Zapper.fi Crypto Tax Forms

After you’ve connected your Zapper.fi account, completed your import, and confirmed that your transaction information and tax liabilities are correct, simply click to download your forms!

How To Use Zapper.fi

To get started with the Zapper.fi platform, a user must link a web 3.0 digital wallet, like Formatic or Metamask.

Below are the steps you can follow to use Zapper.fi and set up your DeFi portfolio.

1. Select A Liquidity Pool

Find a liquidity pool or farm for which you want to give liquidity on the Zapper dashboard.

2. Add Liquidity

Select the token and amount you want to invest by clicking invest. This token will be automatically traded for the second half of the relevant pair by Zapper. Zapper will trade it for both tokens if you don't have any of the tokens.

3. Analyze

Double-check if the transaction's details are correct, or modify the settings for things like slippage tolerance.

4. Confirm The Transaction

Check your Web 3.0 digital wallet and confirm your transaction. Zapper will trade tokens on your behalf to offer liquidity to the pool of your choice.

What Are The Advantages Of Zapper.fi

  • Many DeFi protocol choices. Uniswap, Curve Finance, Balancer, Synthetix, 1inch, Sushiswap, and Yearn Finance are just a few of the top Defi protocols that you can track using Zapper.fi.
  • Zapper.fi significantly lowers the time and gas costs associated with setting up and managing Defi protocol liquidity. Multiple transactions can be treated as a single transaction.
  • For those unfamiliar with the DeFi industry, Zapper.fi makes it simple. Zapper.fi includes a questionnaire to help users figure out what kind of investments they want to make.

Final Thoughts: Why You Should Use Zapper.fi

Zapper.fi as a DeFi crypto platform, is one of the preferred platforms to invest and manage in DeFi for multiple reasons, including:

  • Zapper eliminates the need to keep track of various DeFi investments over different platforms.
  • For those investors interested in taking advantage of the numerous yield farming and liquidity giving possibilities available, Zapper.fi significantly streamlines the process of entering the DeFi ecosystem.
  • Users may "zap" in and out of liquidity pools with a single click thanks to Zapper.fi's easy user interface and smart contract connection.
  •  Zapper.fi handles all necessary transactions in the background.

FAQs

1. What does the hide balances below option on the Zapper dashboard mean?

On the right side of the Zapper Dashboard, there is an option named Hide Balances Below. With this option, you can choose to hide any token or balance worth less than a certain amount.

2. What are Zaps?

Zaps are DeFi smart contracts that integrate cross-protocol activities to let you access unique possibilities in less time and with lower gas fees.

3. What are gas fees on Zapper.fi?

Variable gas fees will be added to every transaction completed on Zapper.fi, which is necessary for each Ethereum blockchain transaction.

4. Does Zapper control its users' assets?

No, the assets of a user are not held or controlled by Zapper.

Simplifying DeFi, NFT, and Crypto Taxes for Investors and Tax Professionals.

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Simplifying DeFi, NFT, and Crypto Taxes for Investors and Tax Professionals

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