How to Add/Remove Liquidity V2
Last updated
Last updated
"Liquidity" is essential to how BlueLotusDAO's Exchange works. You can add liquidity for any token pair by staking both through the Liquidity page.
In return for adding liquidity, you'll receive trading fees for that pair, and receive LP Tokens you can stake in Farms to earn GENESYS rewards!
To provide liquidity, you’ll need to commit an amount of any token pair you like. Your lowest value (in USD) of the two tokens will be the limit to the liquidity you can provide.
You can easily trade for any tokens you need. Visit our Time to Trade on Blue Lotus DAO guide if you need to.
In this example, we will add liquidity using GSYS/USDT.
1. Visit the Liquidity page.
2. Click the Add Liquidity button in either V2 or V3 versions, this is the V2 example section.
3. For the top Input, click 'Select a currency'. Then choose one of the token in the liquidity pair you want to add liquidity to. Here, we are going to use GSYS/USDT as an example.
4. For the bottom input, click ‘Select a currency’. And choose the other token in the liquidity pair you want to add liquidity to. Here, we are gong to use GSYS/USDT as an example.
5. Enter an amount on one of the tokens under “Input”. The other should be calculated and filled automatically.
(If one of the token does not have enough balance. You will see an error and the button being greyed out. Please enter a lower amount to proceed.)
6. Click the Enable USDT button. If you are adding liquidity against tokens other than GSYS, you might need to click enable twice for each token in your pair. Your wallet will ask you to confirm the action.
Your wallet will ask you for confirmation. Confirm your transaction from your wallet. Please keep in mind for security purposes to allow your exact spending cap only.
8. Soon after your wallet approval you will see the add LP on your screen.
After you click "Add" it will asked you to confirm the supply.
After confirm supply it will take you to your wallet to confirm transaction again.
After you confirm your transaction it will take you to back to the liquidity section on the DEX and you need to add your LP contract to your wallet by clicking Add BLDT-LP to wallet.
After click it will take you back to your wallet, Click on "Add Token".
To remove liquidity.
1. Visit the Liquidity page.
2. Click on the pair you want to remove liquidity from under “Your Liquidity".
3. Click Remove. A new modal will appear.
4. Use the buttons or slider to choose how much liquidity you want to remove. Choose MAX to remove all of your liquidity from this pair.
5. Click Enable. Your wallet will ask you to sign the action.
A signature request will appear in your wallet, click "Sign". it will take you back to the remove liquidity section.
7. Click Remove.
8. After the transaction is confirmed. You will receive two of the tokens from your pair. And if you haven't remove all of your liquidity, your remaining liquidity value will be updated on "My Liquidity" page.
After you confirm your transaction Tokens will be back to your wallet.
