Mangata Docs
  • 🐋Welcome
  • Guides
    • 🛹Onboarding
      • 💾Setting Up a Mangata Account
        • 🧿Talisman Wallet
          • 🔌Connecting your account
        • 🚇SubWallet
      • ✖️How to get MGX
      • 🏦From a Centralized Exchange
      • ⬇️Deposit Tokens to Mangata X
    • 🪙Trading
      • 🔄How to Swap Tokens
      • 🔗How to: USDT on Mangata X
      • 🌛How to: MOVR on Mangata X
      • ⬆️Withdraw Tokens from Mangata X
    • 🌊Liquidity Provision
      • 💦Add & Remove Liquidity
      • 💎Liquidity Mining Rewards
      • 🍰How to: Stake MGX/KSM LP tokens
      • 🚗Auto Compounding
    • 📘Proof of Liquidity Guides
      • 📂Delegator Guide
      • 🗃️Collator Guide
        • 🦆Install Docker
        • ❓How to: Bond more tokens to collator
      • 🗄️Aggregator Guide
      • 💭Proof of Liquidity FAQ
    • 📙Technical Guides
      • 📟How to Check your Account Balance
      • 💳How to look up Token IDs
      • 🐬How to check your LP token balance
      • 🧹How to Clear Proxy Reserve
      • 🧗How to Claim Your Crowdloan Rewards
      • 🔐How to Unlock Vested Crowdloan Rewards
      • 🚣‍♂️How to Join a Bootstrap
      • 🌈How to Redeem Bifrost Liquid Crowdloan KSM
      • 🍕How to check the value of an LP token
    • 💬DEX FAQ
    • 💻AVS Operator FAQ
  • Litepaper
    • ⛓️Omnichain ZK-Rollup
    • ⚖️Themis Architecture
    • 💧Proof of Liquidity
    • ⏳Loyalty Rewards
    • 🔥Algorithmic Buy & Burn
    • 🗳️Liquidity Gauges & Weight Voting
    • ⛽Gas-free Swaps
    • 🔢TESTNET MGX Tokenomics
  • People
    • 🎂Join the Community
    • 📳Contact the Team
    • 📑Token Listing
      • 🥾Bootstrap
    • 🔐Security Audit
Powered by GitBook
On this page
  • Liquidity Provision
  • Add Liquidity
  • Remove Liquidity
  1. Guides
  2. Liquidity Provision

Add & Remove Liquidity

PreviousLiquidity ProvisionNextLiquidity Mining Rewards

Last updated 1 year ago

Liquidity Provision

To supply liquidity, you need to have both tokens in the appropriate amounts of the current ratio. ()

If you provide liquidity for the first time, start by selecting the Liquidity Pools option from the trading interface.

You need to select a pool you wish to provide liquidity

The example shows a liquidity provision for the KSM-MGX pool. When you put an amount to any one of the pairs, the protocol will automatically fill the value for the other token respective to the pool's current balance.

It is currently not possible to provide one-sided liquidity. This means you need both KSM and corresponding MGX to provide liquidity into the pool.

Be mindful of the transaction fees. It’s a good idea to reserve some MGX to pay fees later on.

Click supply, sign & submit the message from your wallet. Your liquidity position will be automatically activated.

Add Liquidity

You can increase your LP position and activate your LP tokens to receive rewards from liquidity mining.

If you are already a liquidity provider and want to increase & decrease your position, start by selecting ‘My Positions’ on the left panel.

Press add button in the ‘Provided Liquidity’ section. You will be prompted with KSM-MGX pool to supply liquidity on the screen.

Put in the number of tokens you want to supply liquidity. Do not use the entirety of your MGX balance to reserve for paying further fees.

Remember, it is currently not possible to provide one-sided liquidity. This means you need both KSM and corresponding MGX to provide liquidity into the pool.

After you sign and submit the transaction, you will receive MGX-KSM LP tokens corresponding to your position in the pool.

Your MGX-KSM LP tokens are automatically activated for Liquidity Mining after you perform a supply tx. Still its a good idea to check if all of your LP tokens are activated for liquidity mining or not.

Remove Liquidity

You can remove your liquidity and receive your KSM and MGX back.

From the ‘Provided Liquidity’ section, select remove to burn your MGX-KSM LP tokens and receive the underlying MGX and KSM coins.

It’s a good idea to deactivate your LP tokens from liquidity mining before removing liquidity.

Select the amount of your liquidity to remove. It is not currently possible to determine the amount manually.

Sign & submit the transaction, your MGX-KSM LP tokens will be burned and you will receive the corresponding MGX and KSM tokens in your account.

🌊
💦
How to Swap Tokens