MinMax
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  • Getting Started
    • Connecting Metamask to IoTeX
    • Tutorial: 1- Swapping Tokens
    • Tutorial: 2-Swapping Tokens
    • Tutorial: Providing Liquidity
    • Tutorial: Withdrawing Liquidity
    • Tutorial: Farming
  • How to Bridge to IoTeX
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    • Tokenomics MAX
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  • Protocol Governance
    • MAX Staked/Locked for veMAX
    • Increasing Lock Amount and Duration
    • Boosting APR with veMAX
    • Boost Calculator
    • Gauge Voting
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  1. Getting Started

Tutorial: Providing Liquidity

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Last updated 3 years ago

Pool/Metapool are a way to provide liquidity, or the ability to trade, among tokens on MinMax. They allow users to earn trading fees on tokens they're holding.

Deposit

Let's say you want to supply to the E3 pool.

  • Go the the Pools tab and select Deposit of the Pool you prefer

  • Enter a quantity of USDT and USDC.

    • Because this is a stable pool, you aren't required to deposit all tokens. However, depending on how different the quantity between tokens is, you may have to pay a larger transaction fee and the price impact may be bigger. This is to incentivize close-to-equal distribution within the pool.

  • Click Deposit. This will display a breakdown of the transaction you're about to make:

    • Deposit Currencies shows the amount of each token you're depositing

    • Share of Pool is what your share of the pool will be after the transaction is made

    • Fees is determined by how different the quantity between tokens you're depositing is. This is to incentivize close-to-equal distribution within the pool.

  • Click Confirm Deposit. Depending on what wallet you're using, you'll likely be prompted to both approving the transaction via your wallet's interface and confirm the transction.

    • Please note that you might need to approve and confirm several times because several currencies are invloved in the transaciton.

  • The deposit is now complete! You'll see a notification that contains a link to the transaction on IOTEX's explorer as normal transaction.

    • You'll notice that you also now have LP tokens in your wallet that represent your share of the pool.

For Metapool deposit, you will have 2 options:

  • Option 1: Enter tokens seperately, which might incur quite a few approval/confirmation

  • Option 2: Depost Wrap, relatively simple as LP created can be used here