Creating LP Tokens with ZAP

If you are already experienced with liquidity providing, you can skip this section.

The basics

Most of Hippo's vaults accepts LP tokens, LP tokens are the tokens that liquidity providers get for committing capital into a liquidity pool in a Decentralized Exchange (DEX) Automated Market Maker (AMM) such as Uniswap and Pancakeswap.

Zap is a convenience function that allows you to convert from BNB or your other tokens directly into LP tokens.

Zapping Process

Click the Zap Menu button from the menu headers

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Select the source tokens in your wallet and select the destination LP type you want your tokens to be converted into, choose the token pair corresponding to the vault you wish to deposit in.

Conversely, when you withdraw or harvest your profits from the vaults, choose the LP tokens you want to be burned/redeemed back to their original pairing

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You can also track the composition of LP tokens in real time by clicking the Track LP composition link at the bottom of the zap page

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You can see your LP fees (excluding your farming rewards) accumulating in the above page.