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Add Liquidity to HAY
Liquidity pools, essential for decentralized exchanges (DEXes) and DeFi platforms, consist of two or more tokens locked in a smart contract. Users who provide liquidity to these pools receive LP tokens in return, representing their share of the pool and allowing them to earn a portion of the trading fees.
There are several DEX options to add liquidity with your borrowed HAY, and will release them step by step. Currently, we offer liquidity pools on Uniswap.
- 1.Connect Wallet: Connect your compatible wallet (e.g., MetaMask) to the DEX or DeFi platform supporting HAY.
- 2.Select Token Pair: Choose the HAY token pair you'd like to provide liquidity for (e.g., HAY-BNB).
- 3.Deposit Tokens: Deposit an equal value of both tokens in the selected pair.
- 4.Confirm Transaction: Approve the transaction, receiving LP tokens representing your pool share.
- 1.Connect Wallet: Connect your wallet to the DeFi platform offering HAY-only pools.
- 2.Select HAY Pool: Choose the HAY-only pool you'd like to provide liquidity to.
- 3.Deposit HAY: Deposit your HAY tokens into the pool.
Following these steps, you can successfully add liquidity to HAY token pairs or HAY-only pools and earn rewards as a liquidity provider.
Last modified 29d ago