Liquidity Providing

"Where does the liquidity that allows us to open new Hedging Contract come from?"

From Liquidity Providers

To access the service, simply log on to the address:

Click on the "Liquidity Pool" in the top menu How to use MetalSwap’s Liquidity Pools​

With the "Create New Position" button, is possible provided liquidity ( ETH, WBTC, USDT and WPAXG ) Select the token desired and insert the amount of Liquidity to Provide.

On the first tome Click on the "Allowance" button to grant permission to the smart contract to spend the XMT tokens.

Important to know​

MetaMask now requires you to set your spending cap, which is the number of tokens you're comfortable with the Smart Contract spending now or in the future.

  1. To avoid repeating this process, it is recommended to click on "USE DEFAULT" button. This ensures that you won't have to give an additional allowance when the previously entered number has been reached.

  2. Enter the desired value for your spending cap.

  3. Click on "NEXT" to proceed.

  4. Pay the transaction fee associated with the confirmation.

Please remember that there is a minimum liquidity requirement. Enter the amount of liquidity you wish to provide and click on "Create Position." Then there is the Border, that may be Bronze, Silver, Gold, or Diamond. The colours of the background are chosen between 10 different variables. And the FOIL probability is always rising depending on liquidity provided. With FOIL comes the probability of the starred background. The only non-random thing (except the ID of the NFT that is progressive) is the Chip, that remains relative to the liquidity provided.

At the moment we have 4 different Chips, representing: By clicking on the NFTs, the following card will appear, with:

  • Redeem Reward button. You are allow to get your rewards after a minimum 24H from the deposit.

  • Add or Remove liquidity button.

  • Transfer NFT: allows you to transfer the NFT‘s ownership to another public address directly from here.

Do not forget that the liquidity provided has a 14-days “Locking Period” before it can be withdrawn.

INFORMATIVE​

Please insert the amount of the liquidity that you wish to withdraw from your liquidity position. Please note that penalties might apply if withdrawing your funds too early, before locking period has elapsed. The liquidity corresponding to the gold asset is represented by WPAXG, a wrapped version of PAXG. To better understand this mechanism, read our dedicated Medium!

MetalSwap’s Liquidity Providing is LIVE NOW on ETH/OP Mainnet - you can also try the demo on Goerli Testnet to practices with it.

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