Zappy — an automated decentralized exchange (DEX) for creating a marketplace (AMM) for the Telos network. Unlike other DEXs, the team has invested in building a solid foundation with the ZAP token as a governance token, diverse farms, a built-in bridge, limit orders and user-centric service.
About Zappy
Zappy — a fully decentralized exchange, which means that any token on Telos can be exchanged or pooled on the platform. When visiting the platform, a pop-up window will appear, asking you to confirm the connection between Zappy and your Metamask wallet. Once approved, you can start using Zappy to trade, bet, farm, pool and lend eventually. Trading is the most popular feature of Zappy. This is a simple and convenient tool for exchanging any tokens for Telos.
Other features:
| Exchange | Instantly swap tokens with our automated market maker (AMM). |
| Farm | Stake LP tokens on our farms and get ZAP rewards. |
| Bid | Stake ZAP tokens to earn more ZAP tokens through generated ransoms from protocol fees. |
| Credit and loan | Lend or borrow through the Zappy decentralized lending protocol. |
There are several ways to get rewards for staking tokens on the Zappy platform. Staking is the process of converting ZAP to xZAP, with a percentage of the trading and lending fees, used to buy back the ZAP and send it to the xZAP pool. Over time, your xZAP will increase to give you more ZAP.
Pooling works by providing two tokens (such as ZAP and TLOS) to a pool in exchange for LP tokens, which users can farm then. Not all pools can be farmed on Zappy, but you will still receive a percentage of trading fees in proportion to your share in the pool. Once in the pool, you can use LP tokens for Yield Farming in most cases. Just go to the farm tab and find the pair you want to farm to get an extra share of the trading fees.
More about defi app
Swapping tokens on Zappy - an easy way to exchange one token for another through automated liquidity pools. When you exchange (trade) on an exchange, you pay a trading fee of 0.2%, which is distributed as follows:
- 0.15% come back to liquidity pools as a reward to liquidity providers;
- 0.05% helps to buy back ZAP and distribute it to stakers.
When you provide liquidity, you will receive LP tokens as proof of deposit. For example, if a user contributed ZAP and TLOS to a pool, they will receive ZAP-TLOS LP tokens. These tokens represent a proportional share of the combined assets.