Provident Capital
  • Protocol Information
    • Deposit
      • How to Deposit
      • hTokens
      • Withdraw assets
    • Borrow
      • How to Borrow
      • Health Factor
      • Loan Repayment
      • Liquidations
      • Flash Loans
      • Interest Rate Model
    • Phase 1 - Boosted Emission Phase
    • Phase 2 - Token Generation Event
      • Provident Liquidity (pLP)
      • pLP Liquidity Options
      • Zapping pLP
      • Staking and Revenue Sharing
      • Managing pLP
    • Tokenomics
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  • What is Zapping?
  • Which assets can be Zapped?
  • How It Works
  1. Protocol Information
  2. Phase 2 - Token Generation Event

Zapping pLP

Automated 1-click liquidity formation

What is Zapping?

Say you have HLUSD and want a position in PVD-HLUSD pool. Well, it’s a painful process to get into that position.

First, you must supply PVD & HLUSD in the appropriate proportions, which takes four transactions.

Zapping allows you to do it in one click.

Which assets can be Zapped?

We've expanded zapping capabilities to make your experience more convenient. You can also zap into LP using additional assets.

HeLa

HLUSD

hUSDC

hUSDT

hDAI

hETH

How It Works

When you zap using one of these assets, the system will automatically sell it for hETH behind the scenes. This hETH is then paired with PVD to create and lock the LP.

This feature aims to provide you with greater flexibility in how you engage with Providend's money market, giving you more ways to earn and lock LP.

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Last updated 1 year ago