Zapper Unveils New Protocol Aimed at Enhancing Blockchain Comprehensibility, Featuring ZAP Tokens Set for Q4 Release
In Brief
The decentralized finance platform Zapper has launched the Zapper Protocol, which seeks to encourage better understanding and contextualization of on-chain data.
An asset management platform in decentralized finance (DeFi) Zapper has rolled out the Zapper Protocol, an innovative open protocol designed to motivate the analysis and contextualization of on-chain data. This protocol will be fueled by the ZAP token, which is set to debut in the fourth quarter of this year. The ZAP token will reward users for their efforts in interpreting on-chain information, contributing to the vitality of the entire Zapper ecosystem.
The interpretation component of the Zapper Protocol empowers anyone to partake in efforts to make blockchain data more accessible. Moreover, the protocol introduces indexing templates that create an interpretation layer, enabling users to integrate new DeFi protocols or translate complex transactions into straightforward, human-understandable formats. No coding skills are required for this process. Initially, there will be two categories of interpreters available: Position Interpreters and Event Interpreters, with plans to roll out additional types in the future.
Position Interpreters will facilitate the addition of absent positions or balances to Zapper. In contrast, Event Interpreters will simplify complicated on-chain transactions into clear, understandable outcomes for users.
To get involved and start contributing to the interpretation of data for the Zapper Protocol, individuals can select between two roles: curators and reviewers. Curators will locate unprocessed data and create new interpreters, while reviewers will act as the final checkpoint, examining and affirming the accuracy of submissions from curators before the information is made publicly accessible.
Zapper Announces Upcoming GraphQL API Release and Future Plans for Its Decentralized Protocol
Zapper plans to share additional insights soon on how developers can harness human-readable data within their applications via the newly introduced open GraphQL application programming interface (API). The interpreted on-chain data set from this protocol will bolster the creation of advanced social features.
Zapper operates as a DeFi dashboard that lets users keep track of their portfolios, including assets, debts, liquidity pools, staking activities, claimable rewards, and yield farming efforts. It’s key to note that Zapper and the Zapper Protocol are distinct entities; Zapper functions as a client of the protocol, while the Zapper Protocol provides the initial interpretation layer established by Zapper.
According to the roadmap for the protocol, the API launch and Token Generation Event are targeted for the fourth quarter. Following this, the decentralization of the protocol and the addition of new interpretation elements are expected to take place in 2025-2026.
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