# Secondary AMM's

zcTokens can also be traded on a secondary AMM in order to enter or exit lending positions, or alternatively attempt to amplify yield by providing liquidity.\
(see: Risks of LPing in derivative marketplaces)

Entering:

**Alice has 1000 USDC and wants a fixed yield.**\
**Alice purchases 1050 zcTokens for 1000 USDC, maturing in one year for a 5% yield.**

Exiting:

**Alice has 1050 zcTokens and wants to exit.**\
**Alice sells 1050 zcTokens for 1000 USDC.**

![](https://3047065985-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MUa9tmyPufyVGMmAkKT%2F-McQfZzqTaknzPZTH_S-%2F-McQjZu5zViYOJoybjsD%2Fp2pZCToken-01-01.png?alt=media\&token=d14ff48f-68d8-407a-9466-33e2cf6c2fc3)