We’re thrilled to announce that defi.money ZAPs are now powered by Odos Protocol, offering for the first time lightning-fast one-click transactions for a new generation of $MONEY features. Known for its easy stablecoin minting user experience, defi.money is elevating that even further with the transformative capabilities of ZAPs.
ZAP 101
For those not in the know, a ZAP is a bundle of multiple transactions, completed in one user click. While ZAPs are always a one-click experience for users, they can be quite complicated on the backend. For instance, anytime there is some kind of asset swap needed, the ZAP has to:
1) Find a DEX market for the underlying asset
2) Pick the most effective pathway
3) Swap cross-chain with the lowest GAS possible
4) Return the desired asset back to the contract
A ZAP in DeFi abstracts the underlying process without users needing to understand the intricate details of each step, and that’s where Odos Protocol excels. Odos leverages an intent optimization algorithm to deliver superior exchange rates on single and multi-token swaps - combining this routing with defi.money's magic, you get a whole host of features not yet seen by the industry 👇
Enhancing the CDP UX with Odos
By virtue of ZAPs defi.money can provide features that have not been possible in DeFi until now!
Close Loan Zaps | Close a loan when you don’t have the $MONEY to repay, using existing collateral.
Open Loan Zaps | Open a loan with any collateral on any chain.
Adjust Loan Zap | Adjust your health and/or bands on an existing loan in one click.
Loan Collateral Swap Zaps | Want to swap out your Loan backing, now you can.
Cross-Chain Loan Arbitrage Zaps | Better interest rates on another chain? Seamlessly move your loan across chains.
Close Loan Zap is currently live with the others to follow in Q4! The future is bright, space cowboy…
Looking Forward
Combining Odos’ advanced routing capabilities with defi.money's innovative features opens the door to a range of functionalities that have yet to be seen in DeFi. Not to mention, the codebase has been rigorously audited by Bailsec, ensuring security and reliability. You can check out the audit details here.
So stay tuned—there’s more Zaps in store, as we continue to push the boundaries of what's possible in cross-chain DeFi!
Upwards and onwards,
Team @defi.money
About defi.money
WELCOME TO THE NEW DIGITAL ERA OF $MONEY
