Add and Remove Liquidity
- 1.Adding liquidity is really straightforward. First, you must choose which tokens to input. Click Select a Token.
- 2.After choosing a list, you will be shown the tokens represented in that list along with your balance (if any). In this case, we only have two to choose from: DFL and KUSD-T.
- 3.After selecting input tokens, we're ready to click Supply. If this is your first time interacting with both of the tokens, you will be prompted to Approve tokens.
- 4.When the liquidity add is done, you receive Liquidity Provider (LP) tokens in return. These represent your share in the liquidity pool and your earned fees that are received upon withdrawal of the liquidity.
The first thing you will see when going to liquidity protocol is your liquidity portfolio on KAIDEX. But before we move into remove liquidity, you will need to go to the Earn function or Smart Vaults then Unstake it to retrieve your LP tokens. Once the transaction goes through, the LP tokens will be in your wallet then we can head back to DefilySwap to remove it.
Your LP tokens will show up under Your Liquidity then you will be able to choose to remove liquidity, and will be presented with a wallet prompt to approve the transaction. Once the transaction goes through, you will now be left with part of the LP token separately and can do with those tokens what you wish.