- By utilizing a future ZAP token, the new protocol aims to promote better onchain information interpretation and contextualization.
In an effort to make onchain data more comprehensible, Zapper Finance, a decentralized finance (DeFi) portfolio dashboard, has introduced Zapper Protocol.
The Zapper Protocol introduces indexing templates: Event Interpreters, which let users convert complicated onchain transactions into readily understood human-readable outputs, and Position Interpreters, which let anyone add missing positions or balances to Zapper.
The X team stated today, “We envision a future of blockchain literacy, where individuals connect through new economic opportunities all over the world.” By making Ethereum readable, we’re revealing to the world its true nature. We are exposing the social network of Ethereum.
The ZAP token, which is expected to launch in the fourth quarter of this year, will fuel this new ecosystem. The organization claims that the currency will act as a motivator for deciphering onchain data.
In 2020, Zapper was established as a straightforward dashboard for monitoring users’ DeFi portfolios, which included actions related to yield farming, staking, and NFTs.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
