2024-10-30 14:02:03Here's a step-by-step guide that takes you through the whole process — add liquidity, remove liquidity and reinvest your yield — to make your first liquidity mining trade easier.
Add Liquidity
Step 1: Navigate to the homepage and tap on More → Liquidity Mining to enter the Liquidity Mining page.
Step 2: Browse the available pools under All Pools and review the details of each option by clicking on the pool of your interest. Choose the one to which you want to add liquidity and tap on Add to open the Add Liquidity page.
Step 3: Place your liquidity order with the following parameters:
1. Select a liquidity pool
2. (a) Add two (2) tokens to the pool — the system will automatically process conversion to ensure that the two (2) tokens are of equal value when they're added to the liquidity pool, or
(b) Add a single token to the pool — the system will automatically convert half of its value to another token in the pool.
3. Enter your desired amount
4. Choose your preferred leverage
Notes:
— Your principal may be subject to impermanent loss, and its value may fluctuate based on market movements.
— A leverage of 1x indicates that no leverage has been added. Please note that selecting a leverage higher than 1x may involve liquidation risks.
Step 4: Please double-check the order details you’ve created, and then tap on Confirm.
Please note that your order to add liquidity will be completed within five (5) minutes. If the newly added liquidity is still pending, the liquidity of the corresponding trading pair cannot be removed.
You can tap on Order More to add more liquidity. To check your liquidity, please head to the My Liquidity page by tapping on View My Liquidity.
From there, you can easily manage your positions by choosing to add more liquidity, remove liquidity, claim and reinvest your yield, as well as reduce the leverage.
Remove Liquidity
Step 1: Head to the My Liquidity page. Tap on the liquidity pool from which you want to remove liquidity and tap on Remove.
Step 2: Select the coin(s) and the amount you would like to remove. Please double-check the details, and then tap on Remove Liquidity.
Note: The actual amount of tokens you receive may vary slightly due to price fluctuations.
Step 3: Tap on Confirm and you’re done.
Your order to remove liquidity will be completed within five (5) minutes.
Claim Yield
Step 1: (a) Tap on Claim All in the Liquidity Mining information bar to claim the yields of all your liquidity pools in one (1) click, or
(b) Tap on the liquidity pool of your interest to open the Details page and tap on Claim under Unclaimed Yield to claim the yields of this specific pool.
Please note that the amount of yield yet to be claimed will be updated hourly.
Step 2: Tap on Claim to confirm your process. It will be completed within seconds.
Congratulations! You have successfully claimed your yield.
To view details of claim yields, please head to Orders→ Earn Order → Liquidity Mining → Claimed Yield.
If you want to compound your yield, please manually reinvest your daily yield by following the guide below.
Reinvest Yield
Step 1: Tap on Reinvest under the Unclaimed Yield section of each liquidity pool to compound your yield.
Step 2: Tap on Reinvest in the reinvestment confirmation window to add your yield to the liquidity pool.
Step 3: View your added liquidity under My Liquidity. Please note that your order to add liquidity will be completed within five (5) minutes.
Your unclaimed yield can be reinvested immediately into the liquidity pool if it is equal to or greater than 1 USDT.
Notes:
— Your principal may be subject to impermanent loss, and its value may fluctuate based on market movements.
— A leverage of 1x indicates that no leverage has been added. Please note that selecting a leverage higher than 1x may involve liquidation risks.
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