How to Add Liquidity to 4Pool (Stable Swap AMM)
In order to participate in StellaSwap's farms and start generating yields, you have to provide liquidity first by staking assets to get an LP token. An LP token is a token that you will receive for providing liquidity of two or multiple coins into a specific pool. For instance, staking USDC.mad (under the correlated-asset/stable AMM) will generate 4Pool LP token, which can be used to stake on StellaSwap's farms to start earning APR returns. Staking on correlated-asset/stable AMM is simlar to the regular pool except for two things
- 1.You can get LP token by depositing only one token
- 2.Swap fees are 0.04% instead of 0.25%
If you want to stake in the 4Pool Stable Pool you will need to have at least one of the four assets making the pool:
Visit StellaSwap's Pool Page. As its name suggest,
Poolallows users to "pool together" their assets for providing liquidity. Connect your wallet by clicking on the
connect walletpink button on the top right. Make sure to click the toggle button
Stable AMMif you want to provide liquidity for 4Pool.
On this page you can choose to add multiple assets at once or just one of the assets. For adding just one asset. In the picture example we are depositing only Frax, but will receive LP token representing all assets in the 4Pool. Click
Addto add liquidity. Approve contract if using for the first time.
Confirm transaction pop-up message on your wallet.
When transaction gets confirmed, you will have successfully pooled your assets in StellaSwap's Stable AMM and received your LP token representing your deposit.