Powered by a forthcoming ZAP token, the new protocol aims to incentivize better interpretation and contextualization of onchain information.
Decentralized finance (DeFi) portfolio dashboard, Zapper Finance, has unveiled Zapper Protocol with the aim of making onchain data easier to understand.
Zapper Protocol introduces indexing templates, which include Position Interpreters, allowing anyone to add missing positions or balances to Zapper, and Event Interpreters, which will enable users to translate complex onchain transactions into easily decipherable human-readable outputs.
“Our vision of the future is one of onchain literacy – with people around the world connecting via new economic opportunities,” wrote the team on X today. “By making Ethereum readable, we’re revealing to everyone what it truly is. Ethereum is a social network, and we’re surfacing it.”
This new ecosystem will be powered by the ZAP token, which is slated to launch in the fourth quarter of this year. According to the team, the token will serve as an incentive to interpret onchain information.
Zapper was founded in 2020 as a simple dashboard for tracking users’ DeFi portfolios, including NFTs, staking, and yield farming activities.
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