How To Use The Metamask Wallet To Provide Liquidity On Paprprintr Finance
This article will explain the process of using the Metamask wallet to provide liquidity to Paprprintr Finance.
What is the definition of “Paprprintr Finance”?
PAPR is an algorithmic stablecoin with elastic expansion and burns at its core. We utilized the concepts of those protocols and developed our own unique processes that effectively maintain the $1 peg level, inspired by Basis Cash and other predecessors. Our objective for this one-of-a-kind stable token is to make it the primary currency of the PAPR ecosystem, not just an algorithmic stablecoin.
What exactly is a liquidity provider and how does it operate?
A liquidity provider, also known as a market maker, is someone who lends their crypto assets to a platform in exchange for decentralized trading. They derive from trading platform fees, which might be called “passive income.” It’s important to remember that the assets given are only available on the platform for the term of the subscriber’s liquidity provider.
How Does A Liquidity Pool Work And What Exactly Is It?
Your contribution will be made in the form of a token pair, which will be used to provide liquidity and will be protected by smart contracts. Your liquidity is put into 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 manages the liquidity of the KCS/USDT token pair.
A Step-by-Step Guide to Providing Liquidity on Paprprintr Finance
Step 1: To begin, go to your Metamask wallet and log in.
Step 2: Go to this website using your built-in Dapp browser. https://paprprintr.finance/dex#
Step 3: You’ll see an Ethereum logo in the top toolbar when you first arrive; click it to switch to the KCC-MAINNET (KCC) network. Click HERE to learn how to add KCC to your Metamask wallet.
Step 4: Then, in the top left corner of the website, click the PAPR DEX button.
Step 5: After selecting the PAPR DEX button, select “Add Liquidity.”
Step 6: You’ll be taken to a page where you may add liquidity to your account. The selection “Add Liquidity” is recommended.
Step 7: To provide liquidity, choose one of the tokens in your wallet.
Step 8: After you’ve decided on a token, you’ll need to grant the smart contract permission to interact with it. Click the “approve” button to do so.
Step 9: Once the transaction has been accepted, go to MetaMask and click the “provide” button to request another signature; if approved, you will be an LP paying transaction fees.
Congratulations! You now know how to use MetaMask Wallet to provide liquidity to Paprprintr Finance.
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