ZAP function — FAQ
What Is Zap?
Without Zap, providing liquidity for UTS paired liquidity pools could be challenging and cumbersome. It would require users to navigate a complex process, involving swapping tokens to achieve a perfect 50:50 split before participating in the liquidity pool on designated DEXes, and staking the LP token received into Unitus to activate boosted emission.
Zap simplifies the entire process for Unitus users. It eliminates all the complexities associated with token swapping, providing liquidity on specific DEXes, and staking the LP token received in Unitus to earn boosted emissions. All of this can be achieved with a straightforward one-click action, making it user-friendly and hassle-free.
Is Zap available on all supported network?
We plan to make Zapper accessible on all networks that Unitus supports. But at the initial stage, Zapper is available on selected networks, including:
Zap supported assets
How do I Zap?
Navigate to the ‘BLP’ tab and click on ‘Detail’ for the BLP you wish to provide liquidity for to expand the menu.
You can use USX, USDT, USDC, or DAI (except on Conflux) to provide BLP liquidity provision through ‘Zap’ directly.
Enter the amount of USX/USDC/USDT/DAI you wish to swap for BLP. You will then be able to see the value of BLP, as well as price deviation incurred from the swap.
Users can further customize slippage tolerance by clicking on the button at the bottom right corner.
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Please note that this slippage will be in addition to the current quota. For example, setting a 0.5% slippage means you agree to receive a minimum of 123.21 BLP (123.83 * 0.995) from the swap. Otherwise, the swap transaction will be rejected, and your USX will be returned.
After the transaction is confirmed, you will see your BLP staked in Unitus, making you eligible for UTS rewards!
Please be aware that there might be a small amount of one of the swapped assets left due to slippage settings or rate fluctuations during the exchange. LP tokens will be staked directly in the staking pool, and any remaining assets will be returned to your wallet.
