Adding/Removing Liquidity
Last updated
Last updated
One of the most exciting aspects of the rise of cryptocurrency is the ability to earn passive income from staking and farming. However, it can be tough to know where to begin — which is why we’ve broken down for you step-by-step how to add/remove liquidity on FairySwap.
FairySwap is the first automated market maker (AMM) decentralized exchange (DEX) built on Findora. Because of Findora’s unique, privacy-preserving architecture, FairySwap offers protections that other DEXs can’t, like programmable privacy and confidential transactions. It gives you all the advantages of a DEX — permissionless access and self-custody of keys — without exposing your personal or transaction data on a public blockchain.
Using Findora’s EVM, FairySwap will provide you with unbelievably fast cross-chain swaps with Layer 1 chains like Ethereum and Binance Smart Chain while minimizing transaction fees. It also allows you to stake FRA, Findora’s native token, in order to farm tokens like FAIRY. FAIRY is the governance token of FairySwap, so holding those tokens will give you voting rights to help determine the future of the DEX.
Here’s how to add liquidity and remove liquidity. Let’s dive in!
Please be careful to follow this process step-by-step! Skipping steps can result in a failure.
Step 1. On “Swap” page，click “Add Liquidity”
Step 2. Select the transaction pair, such as FRA-WBNB, enter the amount, and confirm the on-chain transaction on MetaMask to add the liquidity pool.
Note: For the first liquidity provider, the ratio of tokens you add will set the price of this pool.
Note: For newly added liquidity assets, you need to give permission to access the two tokens respectively, and then click “Enable” and “confirm”.
Step 3. Check your liquidity that you provide
Step 1. Click “Add Liquidity” in the pool, and enter the amount, click “Supply”, and confirm the on-chain transaction on MetaMask to add the liquidity pool
Step 1. Check your liquidity that you provide and click “Remove”. If you need to add liquidity, click “Add Liquidity”.
Step 2. If you want to remove part of your funds, you can slide the scroll or just click on the ratio and pay the GAS fee.
Note: For tokens that has not been removed, you need to give permission to access the two tokens respectively, and click “Enable” and “Confirm”.