Zero Price Impact Mode
On Splice, LPs have the option to activate Zero Price Impact Mode, which allows them to provide liquidity to the PT/SY pool without affecting the price.
Normally, when liquidity is added a portion of the underlying asset is used to mint PT+YT. The YT is then swapped for more PT in order to maximize the number of LP tokens received. However, this purchase of PT can cause a price impact.
With Zero Price Impact Mode enabled, the YT that is minted is not swapped for more PT and instead returned to the user.
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