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Get Ready for Action: Setting Up Your Liquidity Position for Bella LP Farm
Before diving into the Bella LP Farm, it is important to ensure you have a suitable liquidity position in place. This involves staking two tokens in order to provide liquidity and subsequently receive either a liquidity position NFT or an LP Token. You can then stake the acquired asset in the LP Farm to start earning rewards. This allows you to earn additional token rewards maintaining a good liquidity position that you already possess.
Understanding the process may appear intimidating at first glance, but it's actually quite straightforward. Let's take a look at the BEL/USDC liquidity pool on iZiswap as an example, and break it down into easy-to-follow steps.
Locate the BEL/USDC Pool and click the “🔽” button on the right of the “BEL/USDC.”
Click “Add Liquidity” to provide liquidity on iZiSwap and create a position
Set the amount of USDC and BEL. Input your desired quantity of either USDC or BEL and the system will automatically calculate the corresponding quantity of the other token, allowing you to maintain a balanced liquidity pool effortlessly.
To proceed, please grant approval for both USDC and BEL tokens through your wallet.
You will see the following pop-up windows on your screen after approval.
Click on the "Add Liquidity" button and confirm the transaction through your wallet.
Upon completing this step, we will help you to get a Positions NFT from iZiSwap.
Last modified 4mo ago