🧱Add Liquidity
Last updated
Last updated
One of the most important step to join in the ONI DePIN world is stake LP Token process of users, so the question is put is how could you get the LP Token? Curious about it? Read all the details here for more information
A liquidity pool refers to a collectively sourced pool of cryptocurrencies or tokens locked within an exchange, serving the purpose of facilitating trades between different assets. The primary objective of liquidity pools is to address the issue of illiquid markets by encouraging users to contribute cryptocurrency liquidity in exchange for a portion of the trading fees. By contributing to the Liquidity Pool and become the Liquidity Provider, our member not only can earn benefits from the Node running, even though the benefit sharing from the Pool
Step 1: Choose on the Liquidity on the Header to navigate you to the Liquidity page
We provide you here with 2 main pools ONI/BNB and ONI/USDT with the APY up to 240%
Step 2: On the table at the right of the screen. Enter the amount of ONI and BNB you want to add in the pool.
You must add liquidity to the pool in the form of two tokens at a 1:1 ratio according to USD value. Enter the amount of the first coin you wish to add, the second coin will adjust to match a 1:1 ratio.
Step 3: After finishing 2 steps above and the Add Liquidity button allow you to click on, let's finish your process by clicking on it
Step 4: You can then claim your LP token as the proof that you completed the Add Liquidity process and now you can use your LP token for the Node Renting
You can read the details of How does the Node Renting work right here
