Zapping
Zapping on the Algofi DEX.
Zapping is a convenience function that enables 1-click access to liquidity pool tokens.
In the example below, the user is zapping 1 ALGO in .464327 ALGO-STBL LP tokens.
Example Zap
This transaction possible because of composability. Zap generates a group transaction to first swap ALGO into STBL and to then pool ALGO+STBL.
Note that the quote output is in LP tokens. Moreover, note that slippage tolerance is still a parameter. This will be passed to both the swap and pool transactions. Also, note that the fee tier of the pool is automatically specified according to expected token volatility.
Last modified 1yr ago