How to Add Liquidity
Enhance the trading ecosystem by adding liquidity to an existing concentrated pool:
1. Access the AYIN DEX
To access the “Pools” section, first connect your Alephium wallet on the AYIN platform. After successfully connecting, navigate to the main dashboard. Once there, locate the navigation menu at the top of the DApp interface. In the navigation menu, look for an option labeled “Pools.” Click on this option, and you will be directed to the “Pools” area, where you can explore, manage, and interact with various liquidity pools.
2. Select the CL Pool
To participate in a specific concentrated liquidity (CL) pool, start by selecting the pool that aligns with your investment strategy or interest. Once you have identified and chosen the appropriate CL pool, proceed by clicking on the “Add Liquidity” button. This action will initiate the process of contributing your assets to the pool, enabling you to potentially earn fees based on your share of the total pool’s liquidity. Ensure that you review the pool’s details and conditions beforehand to make informed decisions and optimize your position.
3. Set Your Price Range
When you decide to provide liquidity, it's essential to specify the price range within which you're willing to do so. This crucial decision affects your potential earnings. You will only earn fees from trades that take place within the price range you've set, so it’s important to consider market trends and volatility when determining your range. By carefully selecting this range, you can optimize your fee earnings, while also managing risk exposure. Be sure to monitor the market conditions regularly and adjust your range as necessary to align with your financial goals
4. Enter Token Amounts
• Input the amounts of tokens you wish to deposit. The platform will calculate the required proportions based on your chosen price range.
5. Approve Tokens
• Approve the platform to access your tokens by confirming the approval transaction in your wallet.
6. Add Liquidity
• Review all details, including price range, token amounts, and fees.
• Confirm the transaction to add liquidity to the pool.
7. Monitor Your Position
In the "Pools" section, you can actively track and manage your current position and the fees you have earned. Regularly monitor this section to stay updated on your portfolio's performance. Based on your financial goals and market conditions, you may need to make strategic decisions to optimize your returns. You have the flexibility to adjust your liquidity by either increasing or decreasing your stake in various pools. Additionally, if your situation changes or you have reached your intended investment targets, you can choose to withdraw your liquidity at any time. Keeping an eye on this section ensures you maintain control over your investments and can make informed decisions to maximize your potential earnings.
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