How To Provide Liquidity On KsfSwap Using Metamask Wallet
This article explains how to use the Metamask wallet to provide liquidity to KsfSwap Finance.
KsfSwap Finance is a KuCoin Community Chain decentralized exchange that offers AMM and Yield Farming, Staking, KFO, NFT, and other services. KCS and KSF community members are driving this.
KsfSwap Exchange is a non-custodial, decentralized exchange (DEX) that allows users to trade without having to give up custody of their tokens.
Users can earn money by providing liquidity for a pair of assets through the decentralized exchange’s liquidity pools. Liquidity providers only receive a small portion of the transactions (0.17 per cent). For trustworthy pairings, such as KsfSwap-based projects.
Users who (trade) on the exchange pay a 0.25 per cent trading charge, which is split as follows: 1: 0.17 per cent — Fee compensation for liquidity providers returned to Liquidity Pools. 2: 0.03 per cent — Sent to the Treasury of the KsfSwap 3: 0.05 per cent — Sent to KSF for burn and buyback.
What is a Liquidity Provider?
A liquidity provider, also known as a market maker, is someone who provides their crypto assets to a platform so that decentralized trade may take place. They are paid by fees received from trading on that platform, which is referred to as “passive income.”
It’s important to keep in mind that the assets provided are locked to the platform for the duration of the user’s liquidity provider.
What is a Liquidity Pool and how does it work?
The value you provide will be in the form of a token pair that will be utilized to provide liquidity and protected by smart contracts. Your funds are placed in a liquidity pool, which is commonly utilized by decentralized exchanges. The token pair that a liquidity pool represents is used to identify it. For example, KCS-USDT is a liquidity pool that controls the liquidity of the KCS/USDT token pair.
Step-By-Step Guidelines On How To Provide Liquidity On Ksfswap Finance.
Step 1. Log into your Metamask wallet to get started.
Step 2. Using your built-in Dapp browser, go to this page. https://ksfswap.finance
Step 3. You’ll see an Ethereum logo in the top toolbar when you first enter the site; click it to switch to the KCC-MAINNET (KCC)
Step 4. Then click the home button in the upper left corner of the page.
Step 5. Then, from the drop-down option, select Add Liquidity.
Step 6. You’ll be sent to a page where you may add liquidity. The option “Add Liquidity” should be selected.
Step 7. Choose one of the tokens in your wallet to give liquidity.
Step 8. You must authorize the smart contract to interact with your tokens after you’ve selected it. To do so, press the accept button.
Step 9. Navigate to your MetaMask app and sign the transaction after selecting the button.
Step 10. Once the transaction has been approved, click the provide button in MetaMask to request another signature; once granted, you will be an LP paying transaction fees.
Congratulations! You now know how to add liquidity to KsfSwap Finance using MetaMask Wallet.
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