How to ZAP Out (1-Click LP Token Withdrawal)
Last updated
Last updated
ZAP is an innovative feature launched on StellaSwap meant to simplify the DeFi investment process. With ZAP, users can remove liquidity and destroy LP tokens to get back their two underlying coins 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 destroy your LP token and get back both of your underlying coins in only 1-Click!
Visit StellaSwap's ZAP page and connect your wallet by clicking on the Connect Wallet pink button on the top right.
Ensure that you have already withdrawn or unstaked your LP token from the farm you want to exit from. Only when you have withdrawn your LP token from the farm can you proceed to use ZAP.
Click on the Unstake toggle button on ZAP. This means that you want to withdraw your liquidity but breaking your LP token into the two underlying coins, which will be sent directly to your wallet.
Select the LP token that you want to destroy or unstake so that you can get back your underlying 2 coins. After that, input the Amount to remove. If you want to unstake all of your LP tokens, then click on the MAX button.
Assume that you want to unstake/destroy your MATIC-GLMR LP token, it should look like this. You'll get an estimate on how much MATIC and GLMR tokens that you will automatically get into your wallet if you proceed with the ZAP.
Withdraw Button and You're Good to Go!The last thing for you to do is to click on the yellow Withdraw button and wait for your transaction to complete. It should just take a few seconds. Congratulations!
