Liquidity Providing
Providing liquidity to a pool is a simplistic process on CIAN. In most cases, to conduct this task, one has to prepare a 50/50 provision of two separate tokens in order to deposit them. On CIAN, you get to choose. You can either pool the traditional way, or, you can deposit a single asset that will get split 50/50 for your convenience. In this process, CIAN will automatically find the best swapping route to maximize your share of the pool.
In the example below, we'll use AVAX to deposit in the LINK/USDC Liquidity pool from Trader Joe. *The DEXes, currencies, and pools will vary depending on the selected Chain. (Avalanche in this case)
Step 1:
Navigate across LP in search of the one that suits you best.
Step 2:
Once selected, click on Deposit. From there you’ll get the option between Single Token or Multiple Token.
Single token:
- Choose the Token to begin the conversion.
- Insert amount. The system will automatically calculate and swap the corresponding amount of designated Tokens in order to deposit in the Pool.
- Adjust transaction settings if needed.
- Confirm each yellow box below, one by one. (Gas fees required for each transaction)
- Deposit
Multiple Token:
- Make sure that you have enough of both tokens 50/50. For this you might need to first swap some of your assets. Refer to CIAN Swap for more information.
- Insert the amount of either token. The amount of the second one will automatically be filled for you.
- Adjust transaction settings if needed.
- Confirm each yellow boxes below, one by one. (gas fees required for each transaction)
- Deposit
Step 3 :
Once the Deposit is approved on your wallet, wait a moment for your balance to refresh. You should now be able to see all details under ''My positions'''.
Step 4 :
Stake your LP tokens (automatically received after depositing) in Yield Farming.
Last modified 11mo ago