Zerion, a DeFi startup building an ‘interface’ for crypto investors, has gotten attention based on its recent funding rounds. During the year, it has dealt with over $600 million worth of transactions while it has more than 200,000 monthly active users. Overall DeFi volume rose from under $20 billion at the start of 2021 to almost $90 billion in May, with Zerion’s efforts in the space helping to simplify the process of navigating DeFi.
Image Source: The Open News
Series A Funding and DeFi
Zerion was able to complete an $8.2 million series A funding round. This round was provided by Mosaic Ventures, Placeholder, DCG, Lightspeed, and Blockchain. com Ventures. Zerion has an interface specifically designed for DeFi investors. The Zerion app allows users to access over 50k digital assets and 60 protocols built on the Ethereum network. Unlike a centralized exchange, it is possible to invest through a personal wallet provided by the user (for instance, MetaMask) to retain control of funds and keys.
Usability and Relevance
Cryptocurrency traders benefit from using Zerion’s mobile application, which is available for iOS and Android. The average user interacts with the app ten-plus times per day, proving the usability and relevance of the application.
Vision and Mission of Zerion
Zerion’s vision is to be the gateway through which various Web3 citizens, builders, traders, and enthusiasts can access value-added and intelligent products. It also seeks to enable users to regain ownership of their identities, data, and assets within the decentralized finance space. Zerion Wallet, their mobile-first solution, makes DeFi and NFTs more accessible, connecting to 10 chains and over 4k tokens.
Zerion’s focus is to improve the Web3 wallet experience. It mitigates the existing wallets’ drawbacks by providing portfolio tracking, native bridge & swapping, and a more secure environment. As for Zerion, the company seeks to hide the essence of blockchain and blockchain-based applications to create an environment in which everyone, regardless of their geographic location, will be able to engage in DeFi.
Notable Partnerships of Zerion
Zerion Pharma A/S has entered into several significant partnerships to develop its cutting-edge solutions. It is important to note that Zerion has teamed up with dsm-firmenich. Zerion has a sole partnership deal with dsm-firmenich, which focuses primarily on health, nutrition, and beauty solutions. It intends to bring a new dawn of cannabinoid development through the use of Zerion’s proprietary Dispersome® technology. It enhances the absorption of oral cannabidiol (CBD) which is CBD oil more than any existing technology. The key area of the cooperation is patient-oriented preparations, optimizing the use of cannabinoids in terms of improved therapeutic efficacy.
Zerion Pharma has collaborated with Hovione, a global Company specializing in integrated development and contract manufacturing. This timely partnership drives the development of Zerion’s innovative Dispersome® technology for wider market use. The Dispersome® platform enhances drug delivery, which enhances the experience of patients and research on cannabinoids. These partnerships prove that Zerion is focused on innovation and solutions that serve the patients.
Conclusion
As the DeFi space develops, companies like Zerion help make decentralized finance more mainstream and understandable. With this new capital raised, Zerion plans to bring Defi to the masses and enable millions of crypto users globally. Zerion will become a one-stop Web3 wallet that will help people transition from centralized Finance to decentralized finance.
