How to ZAP In (1-Click LP Token Generation)
Last updated
Last updated
ZAP is an innovative feature launched on StellaSwap meant to simplify the DeFi investment process. With ZAP, users can provide (pool) liquidity and generate LP tokens in just 1-click. This would significantly streamline and simplify the yield farming process.
There is relatively high slippage by using ZAP. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Exercise caution in using ZAP.
Ensure you have enough GLMR in your wallet for gas fees.
This guide will explain how you can use ZAP to generate your LP Token in 1-Click.
Ensure you have one supported coin in your Moonbeam wallet. Currently, the ZAP V1 supports STELLA, USDC, GLMR and MATIC. If you do not have coins in your Moonbeam wallet, here's a guide to start bridging your coins into Moonbeam network.
Visit StellaSwap's ZAP page and connect your wallet by clicking on the Connect Wallet pink button on the top right.
Select your single-asset coin on the From Token field that you want to use to ZAP into the LP token. In this example, we'll assume that you're trying to ZAP with your MATIC tokens. After that, select the LP Pool that you want to enter on the To LP field. In this example, assume that you're interested in the MATIC-GLMR pool because it generates high APR. There will be an estimate on how much LP that you'll be getting.
In the From Token field, input the amount of MATIC coin you want to use for the ZAP feature. If you want to use all your MATIC, press the MAX button. In this example, 100 MATIC coins will be used to generate approximately 26.73 MATIC-GLMR LP tokens. Press ZAP to complete the transaction.
After clicking the ZAP button, your transaction will be completed! The next step before you start earning yields is to stake your newly-generated LP token into the MATIC-GLMR farm on Farms page.
