Zerion Wallet is a non-custodial DeFi portfolio tracker and NFT management suite. Users can access hundreds of leading decentralized applications (dapps) on EVM blockchains without leaving the Zerion crypto app. Plus, early adopters gain exclusive perks and trading fee discounts when they hold a Zerion NFT in their wallets. So, if you’re wondering, “what is Zerion?” or “is Zerion safe?” – read on!
In this article, we’ll explore Zerion Wallet and discuss its various features. We’ll discuss how the Zerion app makes it easy to manage crypto portfolios and track positions across multiple blockchains using the Zerion DeFi tracker. Also, we’ll explain how to connect Coinbase Wallet to Zerion and link your NFTs, DeFi positions, and more. Additionally, we’ll explore the Zerion NFT features and the benefits they grant holders.
What is the Zerion App?
What is the Zerion app? The Zerion Wallet app is a non-custodial, social Web3 wallet that provides an all-in-one solution for multi-chain portfolio management. It enables users to manage tokens and trade crypto from a single wallet across multiple blockchain networks and is available for mobile, desktop, and tablet. Also, users can manage their NFTs and interact with various decentralized finance (DeFi) protocols. Plus, the project aims to lower the barrier to entry for Web3 by removing many of the complexities associated with private key storage and self-custody of crypto assets.
Jumping between multiple decentralized applications (dapps) and blockchain networks can be challenging for newcomers. If you send a token to the wrong address on the wrong network, it can result in a loss of funds. Resultantly, many DeFi users and NFT collectors are only exposed to a small portion of the Web3 landscape. However, the Zerion crypto app provides an easy-to-use cross-chain interface that connects to many of the top blockchain networks.
Furthermore, users can aggregate token swap prices from popular decentralized exchanges (DEXs) to get the best rates. The Zerion app makes it easy to follow NFT collections and wallet addresses to participate in social trading. Plus, users can mint a Dynamic NFT Avatar (DNA) that evolves inside their Zerion crypto wallet.
Is Zerion Safe?
So, is Zerion safe? The app gives users full custody over their crypto assets and never stores private keys or seed phrases. Also, the company has been audited by Trail of Bits and Vulners. However, users should always exercise caution when interacting with any dapp, smart contract, or crypto platform. Moralis Academy does not offer financial advice, so users must draw their own conclusions to the question, “is Zerion safe?” by conducting their own research. Nonetheless, there are several customer reviews available online to help you establish whether or not you feel safe using the Zerion crypto app.
Background
Zerion Wallet was founded in 2016 by Evgeny Yurtaev, Vadim Koleoshkin, and Alexey Bashlykov. Yurtaev and Bashlykov met during a hackathon event in Moscow. After the pair won their first hackathon event, they continued building, which led to the creation of EtherionLab in 2015, the predecessor to Zerion Wallet. Early iterations of EtherionLab experimented with tokenization, Web3 gaming, and various smart contract applications. A little-known fact about the Zerion team is that it created several of the smart contracts used by the popular centralized crypto exchange Nexo.
The company rebranded to Zerion in 2016. However, the vision of creating an all-in-one Web3 management tool only came about in 2019. During this time, the team realized that the technical challenges associated with Web3 were creating a barrier to entry that could inhibit adoption. The team decided that a non-custodial portfolio management tool that manually tracks tokens across blockchains and protocols would better serve the Web3 community and help to encourage adoption.
The vision for the project was informed by the fragmentation of the DeFi space and the similarities between centralized crypto exchanges and traditional finance. Now, the app makes it easy for anyone to manage a complex multi-chain DeFi portfolio without giving up the custody of their assets or personal information.
Trustless Bank
The first iteration of the Zerion app launched in 2018 as an ERC-20 token tracker. However, the advent of DeFi prompted the team to develop the project into a “trustless bank” in the following year. Early versions of the Zerion DeFi app supported several leading DeFi protocols, including Uniswap, Maker, and Compound. In 2019, the team won the YCombinator hackathon, which led to the creation of the Defy app, which enabled users to earn a yield on their crypto assets via Compound and featured a fiat on-ramp.
Zerion Crypto Management
The Zerion crypto app offers various crypto management features. Users can transfer tokens to and from external wallets or purchase them directly from the Zerion crypto wallet using a debit or credit card. Zerion supports all Ethereum Virtual Machine (EVM)-compatible blockchains and layer-2 networks, including BNB Chain, Polygon, Fantom, Avalanche, and Optimism.
Also, the non-custodial wallet serves as a gateway to hundreds of DeFi protocols and allows users to find the best prices for token swaps on leading DEXs. Plus, users can subscribe to wallet addresses and get notifications when whales move large sums.
Zerion DeFi Management
The Zerion DeFi gateway makes it easy to capitalize on the various opportunities available in DeFi. Users can provide liquidity to DEXs and generate yields via leading dapps and track their positions using the Zerion DeFi portfolio tracker and rewards calculator. Plus, there’s no need to manually import tokens as they automatically populate inside the “Tokens” section of the wallet app when you connect your external wallets.
Lens Protocol Integration
In September 2022, Zerion integrated the Lens Protocol decentralized social graph. Lens Protocol creates new revenue opportunities for content creators and allows them to build communities without a centralized authority.
The Zerion app connects users with creator profiles on Lens and provides human-readable token addresses that simplify crypto payments. Lens Protocol is a decentralized social media infrastructure platform that enables creators to retain full ownership of their content and monetize it however they like. Furthermore, Zerion DNA holders could claim a free Lens handle and various prizes to celebrate the integration.
Decentralized social media is anticipated to be a significant driver of Web3 adoption in the coming years. Save our “What is Steem?” article for later reading to learn about one of the leading networks for blockchain messaging apps and Web3 social media platforms like the Steemit app. Also, learn about the easiest way to build dapps in 2023 today with Moralis.
How to Connect Coinbase Wallet to Zerion
Now, let’s explore how to connect Coinbase Wallet to Zerion. Connecting the Zerion app to an external wallet like Coinbase Wallet lets users see all their tokens, NFTs, and DeFi positions from over 500 Web3 protocols in one convenient location. It also aggregates on-chain data to help users analyze and refine their strategies.
Importing a wallet is fairly straightforward. Navigate to the “Manage Wallets” section of the “Settings” menu in the Zerion app and click “Import Wallet to Zerion” when prompted. Next, enter your seed phrase in the relevant field and click “Import” to proceed. Alternatively, you can scan a WalletConnect QR code to connect your wallet. To find your Coinbase Wallet recovery phrase, navigate to the “Settings” tab and select “Recovery Phrase” from the menu of the Coinbase Wallet app, where you’ll be prompted to enter a password.
Zerion NFT Drop
The Zerion NFT portfolio tracker enables users to organize and view all their NFTs from different networks in one place. In July 2021, the Zerion Genesis NFT Collection launched, marking the beginning of Zerion’s NFT support. The first Zerion NFT collection was released to users over five days. Each NFT was free to mint and received a randomly-assigned rarity score.
The first Zerion NFT drop saw more than 50,000 NFTs minted over five days. Each NFT in the Genesis Collection contains AI-generated art inspired by the Zerion branding. Also, Genesis Collection NFTs allow holders to swap tokens with zero fees. Holders are exempt from the usual 0.05% fee that applies to DEX aggregator services until March 2023, enabling them to find the best rates for token swaps across hundreds of DeFi protocols on popular blockchains with no additional cost.
Save our “Ethereum Competitors 2023” article for later to learn about the best platforms for building dapps. Also, if you’re a Web3 developer, check out the Moralis EVM API for the fastest way to build and launch your multi-chain project.
Zerion DNA NFT
The Zerion Dynamic NFT Avatar (DNA) is a “living” NFT that grows and evolves over time within the Zerion app. Each DNA bears six attributes. Three attributes are predictable, only changing positively in value or remaining static. Predictable attributes reflect wallet usage by evolving as users pay more transaction fees, and hold more NFTs for longer periods within the Zerion crypto wallet. However, dynamic attributes include wallet balances, network balances, and the number of tokens held, which fluctuate more frequently.
Furthermore, DNAs evolve with each transaction, providing that they are the “Primary” DNA for that wallet address. Users can hold multiple DNAs in a Zerion crypto wallet. However, only one can evolve at a time. Nonetheless, users can transfer DNAs between wallet addresses. Each DNA retains any predictable attributes acquired from the previous wallet. However, dynamic attributes adjust to reflect new wallet balances.
Moreover, users can transfer their DNAs to non-Zerion wallets. When this happens, DNAs sport a “locked” badge, which you may see on DNAs sold via secondary marketplaces like OpenSea and Rarible. DNAs in non-Zerion wallets don’t evolve. Also, when you buy a DNA from a secondary marketplace, it retains any predictable attributes
If you want to learn how to build an NFT marketplace, check out the Ethereum Dapp Programming course at Moralis Academy.
Why Use the Zerion App?
One of the biggest benefits of any non-custodial crypto wallet is that it gives users genuine ownership of their crypto assets. Keeping your crypto on a centralized exchange leaves your assets at risk. If the company goes bust or gets hacked, you could lose your funds. However, non-custodial wallets like the Zerion app give users full control of their assets without relying on third-party custodians.
Furthermore, the Zerion crypto app makes it easy for users to manage multi-chain portfolios, track whale movements, and access some of the most-prominent DeFi protocols and NFT marketplaces. Interacting with dapps can be challenging for anyone with little experience in Web3. However, the Zerion app lowers the barrier to entry for Web3 while helping users to retain full custody of their assets.
If you’re new to crypto, check out the Crypto for Beginners course at Moralis Academy. In this course, we teach students how to safely buy, sell, and trade crypto. Also, we explore the key differences between Bitcoin, Ethereum, and altcoins. Join our community of over 60,000 students and kickstart your crypto education today with Moralis Academy!
What is the Zerion App? Summary
Managing a multi-chain portfolio can be challenging despite the many advancements in blockchain and Web3. Even the most prominent dapps and DeFi protocols have a learning curve steep enough to prevent many newcomers from making the most of them, which can result in the hindering of Web3 adoption. Zerion Wallet makes it easy for anyone to manage their crypto portfolio, buy and sell NFTs, and interact with DeFi protocols on several prominent blockchain networks. The app boasts a sleek interface that makes DeFi accessible and lowers the barrier to entry for Web3. Moreoever, users retain full custody of their assets when using the Zerion crypto app and can compare token swap prices to get the best available rates.
