2. Provide Liquidity
Liquidity providers earn a 0.25% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity. We are using SushiSwap to provide liquidity. This means you will be able to see the official LUXY-USDC pool on our website and on SushiSwap!
Step 1: You can head to to enter the Liquidity Pool page, or use the SushiSwap app to provide liquidity. Step 2: Connect your wallet to LUXY or SushiSwap on Polygon Mainnet. Make sure you have at least a little bit of MATIC to cover gas fees! Step 3: Input the amount of LUXY or USDC you want to add to the pool (Please note that you need to have both tokens in your wallet and the two token amounts need to match each other in monetary value! (e.g. with LUXY at $0.10 & USDC at $1, the following would work: 1000 LUXY & 100 USDC). Step 4: If this is your first time providing liquidity with LUXY and USDC in the SushiSwap pool, click “Approve” to enable your tokens to interact with the contract. Step 5: Click “Confirm Adding Liquidity”, and you’re all set!
You will receive LUXY-USDC SLP tokens which represent the shares of the total liquidity on the pool. You can check the pool share represented by LUXY-USDC SLP in your wallet in this section:
If you would like to know more about Liquidity Pools you can check the SushiSwap docs:
Liquidity pools are place to pool tokens (which we sometimes call liquidity) so that users can use them to make trades in a decentralized way. These pools are created by users and decentralized apps (or Dapps, for short) who want to profit from their usage. To pool liquidity, the amounts a user supplies must be equally divided between two coins: the primary token (sometimes called the quote token) and the base token (usually ETH or a stable coin).
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