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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.
- 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.