How to provide Liquidity on Energyfi?
In this tutorial you will see how to provide Liquidity on Energyfi, and become a LP (Liquidity Provider) on the pair you wish.
By adding liquidity you'll earn 0.25% of all trades on this pair proportional to your share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity.
For Liquidity Providing, you will have to connect to Energyfi and go here:
Under the pool menu, you will find threes submenus:
- Browse (where you can see your LP)
- Add (to add Liquidity)
- Import (to import a Pool that doesn't appear automatically in the interface)
Note that you can add Liquidity to any trading pair you want.
Under Pool click on Add. You will find the Liquidity interface. When you add liquidity you provide liquidity to the trading pair with a 50/50 ratio. This ratio is automatically calculated by the swap and you just have to enter a metric to have the other one filled up. For example, on the GLMR/EFT pair, I just entered the amount of GLMR I want to commit, and the amount of EFT needed to reach this 50/50 ratio have been filled automatically.
Add Liquidity Interface
If you haven't approved the EFT token yet, you will see the Approve EFT button, click on it and Confirm the transaction on your Metamask.
To proceed with the Liquidity Providing, click on Add Liquidity, then Confirm Supply.
After clicking on Confirm Supply, you will need to confirm the transaction on your Metamask. The transaction is then now Submitted, it will be confirmed in few seconds.
Now that you are providing Liquidity, you can see your LP in the "Browse" submenu.
Next to your LP, click on "Manage", from there you can Add more Liquidity or Remove your Liquidity.
You can easily remove Liquidity from the Browse submenu. Once you click on Remove there, you will have this interface:
You can select the % of the LP you want to remove. You need to click on Approve first, confirm the transaction on Metamask, then you can click on Confirm Withdrawal (Don't forget to Confirm the transaction on Metamask as well)
Last modified 10mo ago