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Providing Liquidity
Providing liquidity is simplified by our sleek, user-friendly interface where end users may provide liquidity in a decentralized manner to our community-owned exchange.
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An example of adding FTM and SOUL as liquidity on the SoulSwap exchange, accessible here.
Now that we've swapped some FTM for SOUL, we may now proceed with providing liquidity to the SOUL/FTM pair to begin earning transaction fees from users that are swapping tokens within that pool by navigating to our Pools tab and selecting "Add Liquidity".
Now, input your desired amount. The interface will automatically match how much you've input in the corresponding currency. This is done so you don't have to do all the nitty-gritty inputs that operate under the hood. We've inputted 1 FTM to begin with and the interface automatically calculates how much SOUL we ought to provide to match the initial input. All we need to do is click on the "Approve SOUL" button so that we're giving the contract access to our SOUL to move it into an LP pool to create a token pair, after we select "Supply".
Note: when selecting "Supply", a modal will prompt you with details of the transaction. If you like what you see, select "Confirm Supply" and use your wallet to confirm. At the top of the screen, you'll see a notification of the successful transaction and at the bottom you should see the updated LP tokens in your wallet.
Congratulations, you just provided liquidity to the SOUL-FTM pair!
If you want to provide more liquidity or remove liquidity from an existing pair, click on corresponding + or - button. However, we are looking to earn SOUL in the farm, so we don't remove any of our liquidity.
Now, we are able to Summoner (aka Farm) our SOUL and earn extra SOUL on top of the fees we earn from providing liquidity. We'll discuss this on the next page (Soul Farms). See you there!
Last modified 1mo ago
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