Deploy a Liquidity Pool and earn a percentage of fees on every trade
Hello, Liquidity Providers! Are you ready to earn a share of trading fees by a provding liquidity? When a trade happens, a small fee (e.g., 0.2% on Xchange) is charged to the traders, and 50% of this fee is proportionally distributed among the providers based on their contribution to the liquidity pool. Xchange, the native Decentralized Exchange (DEX) of X7 Finance, is here to make your liquidity a resounding success.
Follow these UI steps to deploy your liquidity pool:
Step 1: Navigate to the V2 Liquidity Pools page
Click the link here Create Position to be directed to the Liquidity page.
Step 2: Connect your wallet and select the relevant chain
Choose your desired chain and wallet in the top right hand corner (Ensure your wallet is also connected to the same chain).
Step 3: Select the native token for the pair
Select the native token and amount you would like to use in the pair. Remember to equally balance the pool, the amount deployed should equally match the value of the second paired token. (This should be calculated automatically, but always check)
Step 4: Select your token to pair with the native token
Next select the token and amount you would like to pair with the native token by clicking 'Select a token' and entering the contract address. Again, as before remember to check the balance of the pair, with equal amounts of token worth.
View the details of the pool, note your share of the pool.
Step 5: Approve both your native token and paired token and Add Liquidity
Next its time to approve your tokens for use on Xchange and supply your pool. These transactions will cost a gas fee, so please ensure you have adaquate funds to cover the costs.
Congratulations your Liquidity Pair is now deployed
Your liquidity pair is now deployed and ready for trading.
You can monitor the pool via the My Open Positions Page
Trust No One. Trust Code. Long Live DeFi!
