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Title: How the Zap Feature on Jediswap Work Post by: toyo87 on September 16, 2023, 10:26:57 AM How does the ZAP feature work on JediSwap
This are questions many of the crypto community are asking. I am going to put it in layman's understanding.... https://i.ibb.co/nfg1v42/Screenshot-20230916-105111.png Zap on Jediswap for example is providing Liquidity from a single asset to a liquidity pair. Normally, for anyone to provide liquidity like USDT/USDC pair on any decentralized exchange, the user have to swap ETH to $USDT, swap ETH to $USDC, approve both assets and then add the pair as liquidity. Paying for transaction fees on each action. Ordinarily, users are supposed to first bridge their $ETH from layer1 to Layer2. But with #ZAP, it a one-time click and you will be a liquidity provider for the USDT/USDC pair on #Jediswap. Eliminating all those extra manual actions of bridging ETH from Layer1 to layer2, swapping and providing Liquidity, including eliminating those extra fees. https://i.ibb.co/pbMn90y/images-2023-09-16-T101456-937.jpg Thanks to Wido Finance and Jediswap, to provide this fantastic feature. Visit jediswap https://jediswap.xyz/ If you like how I have explained the ZAP feature on JediSwap , kindly like, share so other can learn. And don't forget to follow me for more thread in the future. |
