The ZAP function has now been added to help users make deposits more easily on the RAMP V2 optimized lending platform.
With ZAP, users simply go to the asset market in which they wish to make a deposit, select any token which they are willing to swap and make a deposit in one single step.
For illustration, using ZAP, Jane can swap BNB tokens for RAMP-BUSD LP tokens and deposit them onto the RAMP platform in one single transaction, instead of making three separate transactions.
The ZAP function is activated for both single asset markets and LP asset markets.
Workflow for single assets using the ZAP function:
1. User selects a token to swap out of.
2. User then selects the single asset market to deposit into.
3. Click ZAP and approve the transaction.
4. The token will automatically be swapped by the ZAP contract and deposited onto the platform.
Adding Liquidity Made Easy
For liquidity providers, you will be able to directly switch from a single asset to its corresponding LP tokens and get rapid liquidity for attractive APY pairs without going back and forth around the websites, manually importing addresses, providing liquidity and depositing.
This reduces time and saves gas for users.
Workflow for ZAP function in LP assets markets:
1. User selects a token to swap out of.
2. User then selects the LP asset market to deposit into.
3. Click ZAP and approve the transaction.
4. The token will automatically be swapped 50/50 into the LP asset of choice by the ZAP contract and deposited onto the platform.
Start ZAPPING and borrowing today: https://appv2.rampdefi.com/#/
