As the encrypted asset market declines, the on-chain DeFi lock-up data is also declining. According to data from DeFiPules, on July 22, the locked-up capital in the DeFi market was 57.5 billion U.S. dollars. According to the peak of 100 billion U.S. dollars, it had shrunk by nearly 50%, but the locked-up capital and user active value of other asset management agreements was in The recent rise, such as InstaDApp, Zapper.fi, DeFiSaver, etc.
In the bear market, decentralized asset management agreements are emerging. These comprehensive DeFi asset management agreements collect asset management, lending, and transaction functions in one. Interestingly, in this round of bull market, these agreements did not form the Red Sea market due to the hot track of DEX, lending and machine gun pool projects. Many people attribute the reason to the fact that these applications did not issue governance tokens during the bull market. Lack of incentive mechanism.
Due to the recent surge in the lock-up volume of applications such as InstaDApp, people have begun to re-examine the value of DeFi asset management agreements during the market downturn. In fact, as early as the early days of DeFi development, there were developers working towards asset management, but because there were fewer public chains available, the DeFi protocol and the resulting assets were fewer, and the demand for cross-protocol operation and interaction did not break out. The agreement did not have a “best day”. Nowadays, when the market is turning between bulls and bears, opportunities for value appear appearing.
How to manage diversified DeFi protocols and assets through a one-stop asset management platform? This article sorts out the more representative decentralized asset management protocols on Ethereum, and presents the ways in which they operate.
InstaDApp, the leading asset management on the Ethereum chain
InstaDApp (INST) is a user-oriented decentralized asset management protocol. It began to be deployed on Ethereum in 2018. The current protocol mainly provides asset management functions related to lending protocols such as Aave, Compound, and Maker.
InstaDApp official website
InstaDApp aims to aggregate the DeFi protocol through an application layer, and users can interact with the on-chain DeFi protocol on this application layer without switching back and forth. It actually simplifies the complex steps for users to operate DeFi applications, and tries to become a unified entry point for various Ethereum application protocols.
- Operating mechanism
In order to achieve the purpose of unified access to the DeFi protocol, InstaDApp provides two ports-DeFi Smart Account DSA (DeFi Smart Account) and DeFi Smart Layer DSL (DeFi Smart Layer), the latter is an important foundation for supporting the former.
“DeFi Intelligent Layer DSL” aggregates the basic application layers of different DeFi protocols, so that both users and developers can easily enter the DeFi world through it. The “DeFi Smart Account DSA” is an account for users to manage DeFi application assets in the InstaDApp protocol. Multiple DSA accounts can be created through the Ethereum wallet without private keys and mnemonics. Users can use it to manage assets in the fund pool in the DeFi protocol supported by InstaDApp, and realize cross-protocol circulation of assets. For example, DAI in the Aave and Compound protocol fund pools can be directly transferred between protocols through DSA accounts, without the need to go “agreement- The detour of the wallet-agreement.
InstaDApp’s DSA account supports one-click import of positions in the Aave, Compound, and Maker protocols. After importing, you can see the distribution of funds in each protocol in the account. In addition, the InstaDApp platform not only supports the conventional functions such as deposit, borrow, and withdrawal in these three agreements, but also supports one-click withdrawal of collateral in each agreement, including one-click debt transfer, debt swap, collateral swap and other functions. In this way, not only can the GAS fee be saved, but also the trouble of operation is eliminated.
For example, if you have a debt of 100 DAI and assets of 100 ETH in Compound, you want to transfer to the Aave protocol. The usual operation is to pay back Compound’s 100 DAI debt first, and then withdraw the remaining DAI and ETH from the agreement to the wallet, and then deposit them into Aave respectively to perform the lending operation. With InstaDApp, you only need to use the “bridge” provided by the platform to complete the transfer of debt and assets from Compound to Aave through a single transaction.
In the same way, if you have debts in the Aave app that need to be repaid, as long as you have assets on the Compound and Maker platforms, you can directly complete the repayment through InstaDApp, without having to recharge the assets to the platform for repayment.
- Business data
According to data from DeFiPules, the amount of locked-up funds in the InstaDApp agreement reached 8.29 billion U.S. dollars, and 5,500 DSA accounts were created. In addition to supporting the agreement on the Ethereum chain, the protocol also supports the transfer of assets between the L1 and L2 layer networks. The agreement’s governance token INST was issued on June 17 this year, with a total issuance of 100 million, and users can use this agreement to participate in liquidity farming.
Cross-chain asset management application Zapper.fi
Zapper.fi is a decentralized asset management protocol that supports cross-chain. Currently, it supports DeFi protocol asset management on Ethereum, Binance Smart Chain BSC, Polygon, and Fantom chains.
Zapper.fi official website
Zapper.fi is positioned as a one-stop portal for DeFi asset management. Users can access a variety of mainstream DeFi applications on the protocol, and conduct one-stop investment, monitoring and management of DeFi assets and income on multiple chains. It is similar to the portal application of DeFi. The agreement is dedicated to simplifying the steps of DeFi operation, so that novice users can also use DeFi services conveniently.
- Operating mechanism
Users use the wallet to link Zapper.fi, through the dashboard, you can see the wallet’s asset distribution, current income, on-chain transaction flow, asset mortgage and liabilities. The agreement will also provide corresponding investment strategies, such as switching the use of funds at any time according to the income ranking of the fund pool. At the same time, users can directly exchange the required assets through Zapper Exchange on this agreement to support asset cross-chain.
The bridge for Zapper.fi to achieve cross-protocol operation is the product Zaps. Its core function is to complete the related operations of DeFi asset liquidity with one key, such as one key to enter the flow pool, one key to exit the flow pool, and one key to replace the flow pool.
The platform supports the liquidity of a single asset without requiring users to form an LP.
For example, suppose you only have ETH, but want to add liquidity to Curve 3Pool (USDC+DAI+USDT). The usual approach is that you need to exchange ETH for these 3 stablecoins first, and then deposit these 3 assets in 3Pool. But on Zapper.fi, you can directly pledge ETH on the Zapper.fi protocol, and Zaps will automatically convert your ETH into stable currency and deposit it in 3Pool. When you decide to withdraw liquidity, you can withdraw ETH or other single assets from Curve 3Pool through the Zapper.fi port.
- Business data
According to the official website, since May 2020, the amount of funds managed through Zapper.fi is 4.5 billion U.S. dollars, there are 500,000 asset accounts tracked, 54 DeFi protocols supported by the platform, and more than 2,000 Tokens supporting transactions. It should be noted that Zapper.fi has not issued any governance tokens.
One-stop DeFi asset management portal Zerion
Zerion is a one-stop entry protocol for mainstream DeFi protocols, where users can complete investment, exchange, track and manage DeFi investment portfolios.
Zerion 官 网
The Zerion protocol provides functions such as investment, market view, trading, saving, adding liquidity and lending. Users can trade assets through Uniswap in the app, deposit assets through Maker, and lend assets through Compound. It is a comprehensive DeFi Asset management platform.
Users can see their DeFi asset distribution and asset value K-line chart on Zerion by linking to the Ethereum wallet. In addition, the agreement also supports the purchase of encrypted assets through credit cards and other channels.
Investment function: The Zerion protocol classifies DeFi assets, including DeFi index tokens, as well as DeFi blue chips, Layer-2 tokens, NFT tokens and social tokens. Among them, the DeFi index tokens bring together high-quality assets in the DeFi sector, such as DefiPulse Index, DEFI Top 5 Tokens Index, etc. Users can directly trade DeFi index assets in this agreement without having to buy DeFi assets separately.
Transaction function: The Zerion protocol not only supports single currency exchange, but also supports single currency exchange for LP assets.
Liquidity and loan management functions: Zerion supports one-click operation of liquidity, and also supports the transfer of assets between loan agreements.
- Business data
According to the official website, the Zerion protocol currently supports more than 60 DeFi applications and related assets. As of June this year, the transaction volume of the agreement exceeded 750 million U.S. dollars, with 200,000 daily active users per month.
Automated asset management platform DeFiSaver
DeFiSaver is also a one-stop DeFi asset management solution, currently mainly focused on loan agreement asset management and related transactions.
DeFi Saver official website
DeFi Saver was originally a tool product for Maker’s lending users to help DeFi users manage their mortgage positions when borrowing and avoid the occurrence of mortgage asset liquidation. Later, it integrates Aave, Compound and other lending agreements, and on this basis, provides functions such as intelligent savings, automatic liquidation protection, etc., and the current positioning is a one-stop DeFi management solution.
In addition, DeFi Saver also provides a Smart Savings function, which integrates Compound, dYdX and Aave lending rates in the dashboard. Users can track interest rates, find the best plan, and transfer their assets from the A loan agreement to the B loan agreement at any time with one click, so as to obtain suitable income and improve the utilization rate of funds.
- Operating mechanism
How to realize DeFi Saver’s loan asset management?
DeFi Saver provides an automated management system (Automation services) for mortgage debt positions, which can realize automatic leverage management and automatic liquidation protection. Users can configure parameters according to their own asset conditions. The system will increase or decrease leverage according to changes in the price of mortgage assets, and automatically intervene in leverage adjustment and liquidation protection with asset market fluctuations to prevent mortgage users from causing liquidation losses due to asset price changes.
The DeFi Saver protocol provides a dashboard for each of the integrated lending applications to monitor the income of each protocol and the debt security of loan assets. The agreement also launched an aggregate transaction function, integrating the liquidity of Uniswap, 0x protocol, Kyber network and other DEX, users can complete asset exchange through the agreement.
- Business data
According to the official website, DeFi Saver’s asset lock-up volume is 3.75 billion U.S. dollars, the number of transactions reached 79,000, the automated management service management has 528 loan positions, and the amount of funds under management reaches 362 million U.S. dollars.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/defis-total-lock-up-volume-cuts-the-asset-management-agreement-and-tvl-rises/
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