LP Swaps

LP swaps are a new way of quickly & efficiently moving from one LP position to another, and open Helix.Finance up to the wider Ethereum landscape, by allowing for the trading of LP tokens from any ERC-20 protocol.

In a similar way to Yield swaps, LP swaps connect two users who would otherwise have had no contact, and allows for a more robust and dependable ecosystem.

LP swaps are a novel & unique marketplace created on Helix.Finance, which allows for the fast and efficient redeployment of funds on the Ethereum network

Fast & efficient redeployment of Funds

In addition to saving a noticeable amount of ETH on gas fees (unstaking, pairing assets etc...) LP swaps can potentially save a lot of time and energy, allowing users to simply unstake LP positions, and redeploy through an LP offer on Helix.Finance

The simple image below shows the expected process a user goes through when hearing about a new opportunity on Ethereum.

When compared to the image below (using the Helix.Finance LP swaps) it's easy to see the potential for time, and funds that could be saved by simplifying & streamlining the process.

Which Assets Are Used For LP Swaps

LP tokens <--->Other LP tokens LP tokens <--->HELIX LP tokens <--->DAI/USDC

LP swaps are settled immediately with no lockup time or offer period, as is the case with Yield swaps.

Negotiation Process

The negotiation process is the same for both LP and Yield swaps, except there is no time-period included in the offer, as there is no lock-up period. For further information on the negotiation process, check the image here

How To Create An LP Swap Offer

The basic steps to creating a LP swap are as follows;

• To create an LP swap you must already hold the asset in your wallet. These can be LP tokens from any ERC-20 protocol, or assets to swap for LP tokens.

• Navigate to the Yield Swaps tab and create an offer

• In the tab provided, choose the asset you are providing for the Yield swap offer, and dictate what you would like in return. No duration is needed for an LP swap, as the assets are settled immediately.

• After confirming, you will be notified of any offer acceptances or pending negotiations. Negotiations will take place on-chain, and come with an associated gas fee.