Binance Wallet launches DeFi LP ZAP feature for single-token LP deposits on BNB chain, supporting Uniswap V3 and PancakeSwap V3.
DeFi & Yields ·
Binance Wallet has launched a DeFi LP ZAP feature enabling users to add liquidity with a single token on the BNB chain, currently supporting Uniswap V3 and PancakeSwap V3. The feature eliminates the need for manual token swaps and ratio calculations that typically precede liquidity provision.
The ZAP functionality operates bidirectionally: users can deposit a single token or any combination of two tokens to establish an LP position, and withdraw LP positions back into a single token. The mechanics automate the intermediate steps of balancing token pairs and initiating the deposit, compressing what usually requires multiple transactions into a streamlined process.
The rollout is limited to BNB Chain for now, and it remains unclear whether Binance Wallet plans to expand ZAP support to additional blockchains or liquidity protocols beyond Uniswap V3 and PancakeSwap V3 in the near term.