Cryptocurrency Q&A
How to add liquidity to 1 inch?
How to add liquidity to 1 inch?
CryptoVisionary
Wed Sep 25 2024
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6 answers
1713
Could you please elaborate on the process of adding liquidity to 1 inch? I'm curious about the steps involved and what's required to participate in this activity. Additionally, I'd like to know if there are any specific requirements or qualifications needed before someone can start adding liquidity to 1 inch. Furthermore, what are the potential benefits and risks associated with this activity? I'm eager to learn more about this aspect of cryptocurrency finance.
6 answers
Elena
Fri Sep 27 2024
To participate in the pool, you'll need to contribute both LDO and stETH tokens in equal proportions. This 50/50 split ensures that the pool remains balanced and functions efficiently. Enter the desired quantities of each token you wish to contribute.
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Davide
Fri Sep 27 2024
After specifying the quantities of LDO and stETH you're willing to provide, the platform will calculate the number of Liquidity Provider (LP) tokens you'll receive in return. These LP tokens represent your share of the pool and the rewards associated with it.
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SumoPride
Fri Sep 27 2024
To enhance the liquidity of your tokens on 1inch, start by navigating to the platform's official website. Once there, explore the various options available to you, ultimately leading you to the process of adding liquidity to your desired token pair.
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GinsengGlory
Fri Sep 27 2024
Once you're satisfied with the quantity of LP tokens to be minted, click on the 'Unlock' button to finalize the transaction. This step unlocks both your LDO and stETH tokens, allowing them to be added to the pool and begin earning rewards.
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Riccardo
Fri Sep 27 2024
Within the platform, locate the search bar and input the ticker symbol for LDO. This will filter through the available tokens and pools, allowing you to quickly find the LDO / stETH pool that you're interested in.
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