(1)What is Zethyr Finance?
Zethyr Finance is a DApp which is built on the Tron Blockchain. Well, There are a lot of dApps available in the market but the important feature or plus point of Zethyr Finance is that It is a type of decentralized exchange which allow it's users to swap tokens using it.
It is a decentralized financial based platform which allows it's users to lend and borrow asset using it's Pools.
Users can lend their assets through Supply Pool and they will also earn particular APY rate for lending their assets.
Users can also borrow assets from the users who have supplied and the users who are borrowing assets will be able to repay the borrowed assets at a particular APY for borrowing.
Users can borrow assets as per their collaterals they have supplied. In the Case, If users not able to repay the loan, then the borrowed amount can be backed up by the collateral deposited by the borrower.
(2)What are the features of Zethyr Finance? Discuss them. What's your understanding about DEX Aggregator?
As I said that there are Various DApps available in the market but What makes Zethyr Finance special? Obviously, It's Features. It has various important features which makes it strong and important dApp among various dApps.
Lending and Borrowing
Users can lend their assets through Supply Pool and they can earn particular APY for lending their assets. There are 4 crypto currencies available on Zethyr Finance at present which are TRX, USDT, WIN and BTT.
As from above image, You can see that We can supply assets by clicking on Supply Pool and We can supply any of the assets among these four TRX, USDT, WIN and BTT.
Users can also borrow assets as a kind of loan at a particular interest rate. At the time of repayment, they have to pay the interest rate. Users can borrow assets based on the amount of assets that have collateralized.
Collateral has been deposited by the borrower in case of backup. Users can borrow assets from Borrow Pool and there is different APY for borrowing.
Zethyr Exchange is a decentralized platform which allows it's users to Swap tokens. Users can swap their TRX tokens. As We have seen in above screenshots of Supply Markets that Lending WIN, BTT is more profitable than lending TRX as their APY is higher than APY of TRX.
So, Users can swap their TRX tokens and exchange them with another assets and then they can lend them and can earn good APY.
As from above image, We can swap TRX with USDT and there is network fees of around 11 TRX.
We can swap TRX with many crypto assets like USDT, WIN, BTT, JST, SUNOLD, SUN, ETH and BTC.
Stable Swap feature is best feature of Zethyr Finance as It helps users to Swap stable coin. Well, USDT is the only stable coin which is available on Zethyr at present.
We can swap USDT from Stable Swap option. We can swap USDT of Tron Network which is TRC20 to USDT of Ethereum Network which is ERC20.
As from above image, We can swap USDT of tron Network TRC20 to USDT of Ethereum Network ERC20 by just entering the destination address of USDT of Ethereum Network. But It costs a transaction fees of 10 USDT in Swapping Stable coin.
ZToken is another interesting feature of Zethyr Finance. Users who lend or supply assets and they receive ZTokens. User who lend assets receives ZTokens and these tokens can be recognised as their Collateral while borrowing.
DEX Aggregator offers it's users best swap rates of tokens. Dex Aggregator are able to swap fees or rate and token price which offers it's users best rate to swap tokens.
Zethyr Dex Aggregator looks all swap rates from different different platforms and offers best rate for swapping to it's users.
As from above image, You can observe that Zethyr Exchange offers best Swapping rates to it's users. It's Rate are matched with JustSwap and Uswap, Unifi and Sun.io are behind this.
This attracts more and more users to Zethyr Exchange because of it's Swap rates.
(3)Explore the Zethyr Finance Markets and show your observations in terms of profitability of Supply and Borrow (Hint: Best Supply/Borrow APY). Screenshots required.
We can go to Zethyr Finance Markets and then We can observe both Supply Markets and Borrow Markets and then We can observe the best APY for lending and minimum interest rate for borrowing.
Users can supply any of the assets which are available on Zethyr Finance but the question arises here Which assets should be lended so that We can earn maximum profit. We can egt this answer by looking at the Supply Market and APY of each asset.
As you can see from above image, that there is maximum APY for lending USDT which is 21.49% and minimum APY for lending TRX which is 3.92%.
So, We can earn more profit by lending USDT as compare to other those assets.
Now, For borrowing, there are different interest rates for different assets. For identifying the nest asset for borrowing so that We can give minimum interest rate. Let's look at the Borrow Markets.
As You can see from above image that Minimum APY for borrowing asset is of USDT which is 8% at present. So, It is advisable to borrow USDT asset as It has minimum interest rate.
So Overall, USDT is the best asset for both lending and borrow as It can give maximum profit or APY in lending and It has minimum interest rate in borrowing.
(4)Show the steps involved in connecting the TronLink Wallet to Zethyr Finance. (Screenshots required).
For Connecting TronLink wallet to Zethyr Finance, Simply Go to Tron Link Pro App and then Click on Discover in bottom corner.
After clicking on Discover, Type Zethyr in Search bar and then Click on Zethyr Finance as shown in the below image.
Then, You will head to Zethyr Finance. So, Clike on three line on upper right corner and then, Click on My Portfolio.
After that, Your TronLink Pro Wallet will be automatically connected to Zethyr Finance and You will be able to see your address as shown in the below image.
(5)Give a detailed understanding of ztoken and research a token of another project that serves the same purpose as it.
zToken are the main token of Zethyr Finance. When Users supply or lend assets in Zethyr Finance, then they receive zTokens. Users receive zTokens in the ratio of 1:1 after supplying assets.
In simple words, When a user supply or lend "x" amount of tokens, then he/she receives same "x" amount of zTokens in order to maintain the ratio of 1:1.
If a User supply USDT, then he receives zUSDt as ZTokens. Similarly, After supplying TRX, WIN and BTT, We will receive equal amount of zTRx, zWIN and zBTT respectively.
When the User withdraw their supplies or lended assets, then all the provided zTokens are burned and the tokens which are supplied are deposited in the account of the user.
Another Project or Token like zToken
Another Token like zToken is jTokens which is the native token of Justlend platform. It has also same features like zTokens.
In simple words, We can say that On Justlend platform, When we supply some asset then we receive jTokens after supplying particular tokens like If we supply USDT, then We will receive same amount of jUSDT tokens.
(6)Perform a real Supply transaction on Zethyr Finance using a preferable market. Show it step by step (Screenshots required). Show the fees incurred.
For Supplying Tokens om Zethyr Finance. There are some steps to be followed.
Step 1- From the Homepage of Zethyr Finance, Scroll down and then, Click on Supply.
Step 2- Then, You will get to Supply Markets interface. There are four assets available for supplying. But I have only TRX in my wallet. That's why, I am choosing TRX token for supplying. So, Click on TRX.
Step 3- For Supply Tokens, We have to enable it's Supply first. So, Click on Enable.
Step 4- Then, A Pop up will appear in which it will show that You don't have enough energy for transaction and It will tell about We will burn 20 TRX for enabling Supply.
Step 5- Then, It will show some Authorization tips. So, Just Click ok Continue.
Step 6- After that, You have to confirm this transaction. So, Click on Continue.
Step 7- Then, Enter your Password and Click on Done.
Step 8- Then, Supply of TRX will appear in a particular area or It will move to top after enabling it's Supply. Click on TRX asset.
Step 9- And then, Enter the TRX amount which you want to Supply. I entered 20 TRX for supplying and then, Click on Supply.
Step 10- Same Pop up will appear again which will show that this transaction will burn 20 TRX. So, Click on OK.
Step 11- After that, Confirm the transaction by clicking on Confirm.
Step 12- Enter your Password.
After entering the Password, You will successfully supplied the entered amount of TRX to Zethyr Finance. You can see on your Supply Balance.
You can check this transaction details by putting this Hash from TronScan.
Hash - f21aa17fe755f8292307656f086a1e9119c3b190541db82911068b1675a203fd
You can see in the above image, that This Transaction consumed total 114,245 energy and 350 Bandwidth.
For enabling Supply, 20 TRX are burnt and 20 TRX are supplied and 20 TRX are burnt for supplying the Tokens.
It means total of 40 TRX Fees is incurred in this Transaction.
(7)Collateralize your asset to Borrow on Zethyr Finance, repay the borrowed asset and withdraw your supply. Show the steps involved and your observations (like the fees incurred). (Screenshots required).
At First, I will show you How to Collateralize your asset. As for borrowing, It is must to Collateralize the supplied Asset.
How to Collateralize Asset?
For Collateralizing asset, There are some steps that should need to be followed.
Step 1- Go to Supply Market and Then, Look at your Supplied asset and then click on the icon which is just Under collateral as shown in below image.
Step 2- Click on Use TRX as Collateral.
Step 3- Then, A pop up will appear showing that 20 TRx will burn in this transaction. So, Click on Ok.
Step 4-Authorization Tips will appear. So, Click on Continue.
Step 5-You have to Confirm the Transaction. So, Click on Confirm.
Step 6-Enter your Password and Click on Done.
Step 6- Then, The icon under collateral will turn into blue color which means We have successfully Collateralize our asset.
Total of 20 TRX Fees incurred in making asset as Collateral.
How to Borrow Asset?
I will tell how to borror assets by following steps.
Step 1- Go to Borrow Markets and then Select an asset which you want to borrow. I have selected BTT* for borrowing.
Step 2- Click on Enable.
Step 3- A Pop up will appear which shows that 20 trx will burn in this transaction. So, Click on OK.
Step 4- Confirm the transaction by clicking on Confirm.
Step 5- Enter the Password and Click on Done.
Now, It has successfully enabled borrowing.
Step 6- Select again BTT from Borrow Markets and then Click on Borrow and Enter the amount which you want to borrow. I have entered 20 BTT for borrowing.
Step 7- It will show that 20 Trx will burn in this transaction. So, Click on OK.
Step 8- Confirm the transaction by clicking on Confirm.
Step 9- Enter yor Password and Click on Done.
You have successfully Borrowed the selected amount of asset by following these steps.
We can check it on the top. I have borrowed $0.07 of BTT.
Total of 40 TRX Fees incurred in this transaction as 20 TRX are burnt in enabling borrowing and 20 TRX are burnt in Borrowing the asset.
How to Repay the Borrowed Asset?
Step 1- Go To Borrow Section, and Then Select BTT.
Step 2- Then Click on Repay option and enter the amount which you want to repay and Click on Repay.
Step 3- Energy pop up will appear. So, Click on Done.
Step 4- Confirm the transaction.
Step 5- Enter yor Password and hence, You have successfully repaid the Borrowed asset.
There are screenshots of these steps respectively.
Total TRX fees in this Transaction is 20 TRX.
How to Withdraw Supplied Token?
For withdrawal of supplied tokens, there are some steps to be followed.
Step 1- Go to Supply and then select Trx as I have supplied TRX.
Step 2- After clicking on Trx, Click on Withdraw and Enter the amount you want to withdraw. I have entered max amount and then, Click on Withdraw.
Step 3- Then, Energy pop up will appear showing that 20 trx will burn in this transaction and then, Click on Done. After that, Confirm the transaction by clicking on Confirm.
Step 4- Then, Enter the Password and Click on Done.
You have successfully Withdraw your supplied tokens by following these steps.
You can see that I have successfully Withdraw my supplied tokens.
Hash of this transaction - 125c7fc8ce0673a253fed616554c910c9143914b158a49e73974795d3819e0b3
Total fees in this transaction in Withdrawal of Supplied Token = 20 TRX.
(8) What do you think of Zethyr Finance? Is it great or not? State your reasons.
Yes, Zethyr Finance is a great decentralized financial Platform which has many great features.
• All users can supply or lend their assets instead of putting their assets in wallet so that they will be able to earn additional rewards in the form of APY.
• Users who are in need of asset for some purpose can borrow asset from here at a particular interest rate.
• We can swap stable coins like USDT and the important thing is that We can swal USDT of TRC20 network to USDT of ERC20 network.
• Dex Aggregator Feature is one of the Plus point of this Finance as We will be able to compare the prices of each platform and then We will decide to swap in which platform. It has best swap rate which is also interesting.
• We earn zTokens if we supply assets and When we withdraw our assets, then ztokens will be burnt which is also interesting feature of it.
Overall, Zethyr Finance is a great decentralized financial Platform which provides best swap rates and best APY. We can earn good profit with it.
There are many dApps available in the market and Zethyr Finance is quite new but It's features are much Interesting and That's why, It id attracting many users.
Thanks professor @fredquantum for this wonderful informative lecture. I am happy to participate in your lecture.