A step-by-step guide to Providing Liquidity on Cryptex v2

<aside> đź’ˇ TLDR: As a liquidity provider (maker), a user takes the counter position to traders (takers), earning a funding fee + potential taker losses + rewards in the process.

</aside>

How to Provide Liquidity

  1. Head over to the Cryptex Finance v2 dApp and click Provide in the top left corner.

    Screenshot 2023-04-11 at 11.13.31 AM.png

  2. Select which market you would like to provide to

    Users are currently able to provide liquidity to TCAP / Total Crypto Market Cap

    Screenshot 2023-06-06 at 12.10.36 PM.png

  3. Click “Deposit” and fill in the amount of USDC collateral you would like to deposit.

    Screenshot 2023-06-06 at 12.11.04 PM.png

  4. Click “Deposit” and confirm the transaction.

    Screenshot 2023-06-06 at 12.12.07 PM.png

  5. Success! After the oracle updates and system syncs, you will take the other side against traders (takers) in exchange for a funding fee + potential taker losses.

    In order to also qualify for rewards, click here for a step-by-step guide on how to stake your LP Position.

    Screenshot 2023-04-11 at 11.16.18 AM.png