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eFin Coin

LIQUIDITY POOL GUIDE


Decentralized Exchange

New to Liquidity Pools?
UNDERSTANDING LIQUIDITY POOLS.
Liquidity pools are in essence pools of tokens that are locked in a smart contract. Their purpose is to provide liquidity to facilitate trading. They are extensively used by some of the most popular decentralized exchanges. Find out more by watching this video on YouTube: How do LIQUIDITY POOLS work? | DEFI Explained.


Create Liquidity Pool (LP) Guide

  1. Select the Trade tab.
  2. Select the Add tab.
  3. Choose the currencies you want to create liquidity for.
  4. Enter the amount for each currency.
  5. Click the Create button.
  6. Review the amount to send for each currency.
  7. Confirm the transaction by clicking the Confirm button.
  8. Wait until the transaction is completed.

Note: If the selected currencies already have liquidity, then you can only ADD more liquidity. In this case use Add Liquidity Pool (LP) Guide.


Add Liquidity Pool (LP) Guide

  1. Select the Trade tab.
  2. Select the Add tab.
  3. Choose the currencies you want to add liquidity to.
  4. Enter the amount for one currency and it automatically sets the amount for the other currency using the current rate.
  5. Click the Add button.
  6. Review the amount to send for each currency.
  7. Confirm the transaction by clicking the Confirm button.
  8. Wait until the transaction is completed.

Note: If the selected currencies don't have an existing liquidity pool, then you must create it first. In this case use Create Liquidity Pool (LP) Guide.


View Liquidity Pool (LP) Guide

  1. Select the Trade tab.
  2. Select the My LP tab.
  3. Wait until the list is loaded before adding liquidity to it.

Remove Liquidity Pool (LP) Guide

  1. Select the Trade tab.
  2. Select the My LP tab.
  3. Choose the currencies you want to remove liquidity from and click the Remove button.
  4. Enter the percentage to remove from your liquidity pool.
  5. Click the Remove button.
  6. Review the amount to receive for each currency.
  7. Confirm the transaction by clicking the Confirm button.
  8. Wait until the transaction is completed.

eFIN DEX Liquidity Pool Guide
Download: eFIN DEX Liquidity Pool Guide [PDF]

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