Step 3: Liquidity
Adding and Removing liquidity can be done in both the Liquidity tab and the Farming tab
Last updated
Adding and Removing liquidity can be done in both the Liquidity tab and the Farming tab
Last updated
To add liquidity on our DEX, you can click on the "Liquidity" dropdown and click on "Add".
Once you are on our Liquidity page, you can select a token you would like to use to pair for liquidity.
For our example, we will use our bought MTRX.
Once we have selected MTRX, we can choose the amount we want to add to the liquidity (make sure you have enough of both tokens to pair for liquidity). Next you will need to approve MTRX to be used for liquidity which involves completing an approval transaction in your crypto wallet (some pairs might require you to approve both tokens).
Once you have approved MTRX, you can then click on "Add Liquidity".
After clicking on "Add Liquidity", a liquidity pairing menu will pop up with information on the pairing you are looking to perform. Click on "Confirm Supply" which will then prompt you to complete the transaction over on your crypto wallet.
Once again, make sure the transaction is successful. You should see the confirmation on the website at the top right.
You can add liquidity through the Farm menu on our website, but this only works for pairs that have farms on our DEX.
Head to the farm menu by clicking on the "Farm" dropdown, then click on "Farm Menu".
You should be brought to a page that will have all our farms, for this example we will select the WETH/MTRX farm.
After selecting the pool you want to add liquidity for, a liquidity managing menu will pop-up and you can choose to add liquidity through this menu instead. To the right of the "Add Liquidity" title, you have a toggle that allows you to switch between adding and removing liquidity.
Switching to the Remove liquidity menu shows you your balance and the amount of each tokens you should receive for removing the select amount of liquidity you have chosen to remove. Removing liquidity requires an approval transaction before you can confirm the withdrawal.
After approving the removal of liquidity, you will be able to confirm the withdrawal, leading to another prompt for completing the transaction through your crypto wallet. (Notice that removing liquidity is done in WETH and MTRX, not ETH and MTRX which was used for adding liquidity in our example. If you are confused about your total amount of ETH being lower than it should be after removing liquidity, it is because you have an amount in WETH and not ETH which you can unwrap to recover the amount of ETH you were expecting to have initially.)