Adding Liquidity
Last updated
Last updated
To provide liquidity, go to the Pools page here.
Hereβs how to add liquidity to an existing pool
Select the pool you want to provide liquidity to
Click "Create Position"
Set the liquidity range When setting the range, you may either use the four presets (i.e., Narrow, Common, Wide, Full) or manually set the minimum and maximum prices. The smaller the range, the higher the yield, but there is also a greater risk of impermanent loss or becoming out of range. When deciding on a price range, it's important to think about aspects like future market volatility, investment horizon, etc. You'll also need to think about how much time and effort you're willing to put into managing your position as market conditions change, as well as the costs involved in making those changes. π‘ If you are trading a token for the first time, you first need to give permission by approving.
Entering the amount Once you enter the amount for one asset, the system will automatically calculate and display the needed amount for the other asset, according to the range you specified.
Approve and add liquidity To proceed, you first need to grant approval. (This is only necessary if you are providing liquidity for a specific token for the first time.) Following approval, proceed by clicking Add liquidity, review the provided details, and then click Add liquidity for the final time to execute the transaction
Earn and manage After successfully providing liquidity, select "My Pools" on the Pools page to monitor your active positions. Your assets are now actively providing liquidity and accruing trading fees.