Launched in 2016, Zerion is a portfolio management interface for decentralized finance (DeFi) built with a vision to empower investors with efficient, transparent, and censorship-resistant financial crypto services. With Zerion’s mobile and web application investors can manage their DeFi assets in one place—even though the assets are stored in multiple wallets—enabling the investors to monitor investments, execute trades, track returns, and even lend and borrow without leaving the environment of the app.
Zerion app allows its users to invest, trade, lend, and borrow assets, manage their DeFi portfolio across multiple accounts, and track assets in real-time with live price updates. And, with the Zerion-ZenLedger integration, you can now generate your Zerion tax forms with just a few simple clicks!
After you’ve connected your Zerion account, completed your import, and confirmed that your transaction information and tax liabilities are correct, simply click to download your forms!
Using Zerion is as easy as working with any regular app on your mobile phone—all you need is an active internet connection to access app.zerion.io to get started!
Follow the steps below to learn how to set up your DeFi portfolio at Zerion.
Zerion does not support traditional user accounts but instead works directly with web3 wallets to ensure that the user has complete control of their funds and private keys. Therefore, you will need to connect to a web3 wallet that links your browser or smartphone directly to the Ethereum network. There are multiple wallets available for download such as Metamask, Ledger, WalletConnect, Coinbase Wallet, and Meet.One Wallet and you are free to pick your preferred option.
Once your web3 wallet is set up, you can buy ETH directly from Zerion by clicking on 'Buy Crypto' at http://app.zerion.io/. Purchases can be made either via an international Debit/Credit Card (160+ countries) or a European Bank Account.
If you do not wish to buy crypto directly at Zerion, you can also choose to buy the currency from any crypto exchange of your choice, including Coinbase, Binance, OKEx, Kraken, etc. However, remember that once the ETH has been deposited, you will need to send it to the public address linked to your web3 account.
Here's how you can send ETH to your web3 Account:
The most obvious question that comes to mind is how to link a web3 account to Zerion? Here's how.
The Zerion blockchain interface displays three components:
And as we’ve mentioned earlier, the Zerion app offers five key features:
Now, let’s try and understand these features a bit better.
This feature allows you to buy and sell
Moreover, you can also skim through token by category such as Layer-2 scaling tokens or by market-cap.
This feature enables you to provide cash flow to liquidity reserves on decentralized exchanges (DEXs) such as SushiSwap, Curve, Bancor, Uniswap, Badger, KeeperDAO, and more. These DEXs are also known as automated market makers (AMMs) which are dependent on liquidity provided by the users to carry out trades in lieu of a conventional orderbook. You can receive fees on trades carried in the pool as a reward for providing cash flow or liquidity.
This feature enables you to exchange tokens received by depositing assets on platforms such as Yearn. Finance and Curve. The Zerion crypto platform gets it liquidity from famous DEXs such as Uniswap, SushiSwap, among others, and thus contests all these platforms in finding cost-effective and quick ways to trade on your behalf.
The Zerion Wallet login app has collaborated with Compound—a protocol on the Ethereum blockchain that establishes money markets—and enables you to earn interest when you lend your DeFi assets. Simultaneously, you can also take a collateralized loan through Zerion’s Borrow feature also integrated with protocols such as Maker, Compound, and Liquidity. These loans enable you to borrow against collateral such as ETH that you have to deposit until you can pay the loan back. The interface equips you with your loan summary, the interest accrued, the collateral you put down, and the amount of debt.
Zerion, as a DeFi crypto platform, is one of the preferred platforms to invest and manage in DeFi for multiple reasons, including:
With this integration, we are on a mission to simplify crypto tax filing for Zerion users by streamlining the process of reconciling complex transactions and token transfers. With ZenLedger, you can easily track your trades, see your profits, and generate the crypto tax forms and financial reports you need in a flash!
Here's how you can add funds to Zerion:
Yes, it does. If you do not wish to buy crypto directly from Zerion's platform, Zerion lets you alternatively buy ETH at other crypto exchanges, including Binance, Coinbase, and Kraken.