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Adding to Liquidity Pool

XAI-YFI Token LP on Pancakeswap

  1. 1.
    Access PancakeSwap: Go to the PancakeSwap website using your browser.
  2. 2.
    Navigate to "Liquidity": Click "Trade" at the top and select "Liquidity" from the dropdown menu.
  3. 3.
    Locate Add Liquidity: Click the "Add Liquidity" button.
  4. 4.
    Connect Wallet: Click "Connect Wallet" and choose your wallet (such as MetaMask) to connect it to PancakeSwap.
  5. 5.
    Select V2: Click "More" and select "Add V2 Liquidity".
  6. 6.
    Add Liquidity: Find and select the XAI-YFI Token from the token list. Then, enter the amount of XAI-YFI Tokens you want to add as liquidity.
  7. 7.
    BNB Auto-Fill: PancakeSwap will automatically calculate the equivalent amount of BNB needed based on the current exchange rate. This is the pair you're adding liquidity for.
  8. 8.
    Confirm and Approve: Review the details and approve the token spending transaction in your wallet.
  9. 9.
    Add Liquidity Confirmation: Once approved, confirm adding liquidity. You'll receive LP tokens representing your share of the pool in return.
  10. 10.
    Confirm Transaction: Review the transaction details, including gas fees, and confirm the transaction in your wallet.
  11. 11.
    Transaction Confirmation: Wait for the transaction to be confirmed on the blockchain. Once confirmed, you'll see the LP tokens in your wallet.
  12. 12.
    Manage LP Tokens: You can view and manage your LP tokens in the "Liquidity" tab on PancakeSwap.
Keep in mind that adding liquidity involves some risks, such as impermanent loss, and it's important to understand the dynamics of the tokens in the LP pair. Always verify addresses and exercise caution when interacting with smart contracts.