🚨 Big news alert! 🚨
DZap has finally launched the highly anticipated Dollar Cost Averaging (DCA) feature, and it's live and ready for you to use on dzap.io
Now, you might be asking yourself, "What is Dollar Cost Averaging?" Don't worry, we've got you covered. Essentially, DCA is an investment strategy where you invest a fixed amount of money at regular intervals over a period of time. By doing so, you can take advantage of the ups and downs of the market to potentially reduce your overall risk and get a better average price for your investments.
And now, with DZap's DCA feature, you can easily set up a recurring investment schedule that works for you. Whether you want to invest every week, every month, or on some other schedule, DZap makes it simple and hassle-free.
How to set up a DCA position on DZap?
Creating a position in DCA means swapping a fixed amount an ERC-20 token for another ERC-20 at a regular interval. In order to do so, users needs to input certain properties:
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Chain: Arbitrum, Ethereum, Polygon or BSC
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Wallet: Metamask, Rainbow, WalletConnect, etc
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From: ERC20 token to sell
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To: ERC20 token to buy
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Total Investment: Total amount of "From Token" you wish to put in the vault.
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Duration: how many swaps to execute
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Frequency: daily, weekly, hourly, etc
Let's take an example where we swap USDT -> CRV. The steps would look something like this:
Step 1: We choose invest 22.11 USDC to buy $CRV 22 times on a daily basis.
Step 2: Review your position
Step 3: Approve the transaction from your wallet and that’s it. Your DCA position is all set.
Additionally, DZap also provide the feature to modify or end position as per user’s convenience. Visit the DCA dashboard to perform the required action.
What more?
With DZap, you'll also get access to invest in top tokens and coins, we've got it all.
And the best part? DZap's smart contracts are completely audited, so you can trust that your investments are secure and your funds are protected.
But that's not all. DCA on DZap is available on two chains: Arbitrum and Polygon. This means you can choose the network that works best for you and take advantage of faster and cheaper transactions.
So why wait? Get started with DCA on DZap today and supercharge your investing game! ⚡️