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  • Key Benefits of the Zapin Feature:
  • How to Use the Zapin Feature on Overnight
  1. USER GUIDES

Zapin

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Last updated 7 months ago

The Zapin feature on the Overnight platform is a user-friendly tool designed to simplify the process of investing in DeFi pools. Powered by smart contracts, it enables users to create liquidity pool tokens and deposit them directly into partner protocol in a single transaction. This eliminates the need for manually interacting with multiple protocols or performing multiple steps, which can often be time-consuming and complex.

Key Benefits of the Zapin Feature:

  1. Streamlined Investment: Instead of performing multiple transactions, users can invest in various pools through a single, simplified process.

  2. Time-Efficient: By automating the interaction with DeFi protocols, Zapin save users time and effort.

  3. User-Friendly: Whether you're a beginner or an experienced DeFi user, Zapin make pool investments more accessible.

  4. Single Transaction: Zapin consolidate the process of creating liquidity pool tokens and staking them, reducing transaction complexity.

This feature is particularly valuable for those looking to participate in liquidity pools without needing deep technical knowledge or experience with DeFi protocols.

How to Use the Zapin Feature on Overnight

Step 1: Access Zaps

  • Navigate to the Pools page on the Overnight dapp.

Step 2: Choose a Pool

  • Browse the available pools and select one that suits your investment goals.

  • Use the chain filter to narrow down options based on specific blockchain networks.

  • Click the "Deposit" button next to the desired pool to initiate the process.

Step 3: Select Tokens

  • Choose up to 3 tokens from your connected wallet that you wish to deposit in the selected pool.

  • Input the amount of each token you want to invest.

Step 4: Set Slippage Tolerance

  • Adjust the slippage tolerance to manage price deviations during the transaction.

    • For stable pools, a lower slippage is often sufficient.

    • For more volatile pools, a higher slippage tolerance may be needed to increase the likelihood of a successful transaction.

Step 5: Review and Confirm the Transaction

  • Carefully review the transaction details, including slippage tolerance and the resulting amount of the exchanged assets.

  • If token approvals are required, approve them to authorize the transaction.

  • Once satisfied, click "Stake" to proceed.

Step 6: Complete the Transaction

  • Confirm the transaction through your connected wallet following the on-screen prompts.

  • After the transaction is confirmed on the blockchain, your assets will be swapped and staked into the selected pool.

Step 7: Review Your Position

  • A popup window will display the transaction details, including links to:

    • View your position in the pool.

    • Check the transaction on the chain explorer for transparency.

  • When your wallet is connected, you can easily monitor your position in the pool for added assurance.

Congratulations! You've successfully used the Zapin feature, allowing you to quickly and easily join pools with Overnight tokens, streamlining the process to gain access to attractive yield opportunities in just one click.