Hello everyone! In this article we explain how to add liquidity to the ATD pairs on Uniswap. You can also check out our previous guide on → how to trade ATD on Uniswap.
Please note, the liquidity providers for ATD pairs,
get x3 BOOST for IDOs lottery tickets!
2. Connect the Wallet
Click the button Connect to a Wallet and connect supported wallet (we recommend Metamask)
3. Take the risks
Before adding liquidity, make yourself familiar with the risk of an impermanent loss *
(*- details at the bottom of this article)
4. Deposit your funds
Make sure your wallet is funded with the amounts ATD and USDT, or ATD and ETH, that you want to supply as liquidity provider.
Note that you must supply equal amounts of ATD and USDT (ATD and ETH) at the same time.
For example, if you want to add 1000 ATD with a current price of 10$ per 1 ATD, you would need to provide 1000ATD * $10 = $10,000 USDT.
If you want to add 1000 ATD to its liquidity pool with a current price of 0.005 ETH per 1 ATD, you would also need to provide
1000ATD * 0.005ETH = 5 ETH.
But don’t worry, you don’t need to calculate it manually, the Uniswap system will calculate it automatically, and in the next paragraph you will see how.
You can also check out our previous guide on → how to trade ATD on Uniswap.
5. Set the quantity
In the first “Input” field enter the number of ATD tokens that you would like to provide to the liquidity pool. After that you will see that the required amount of another token will be calculated automatically. In our example this is ETH.
But for USDT it will work the same way.
6. Approve ATD
If needed, press the button “Approve ATD” and confirm the transaction in Metamask. This has to be done only once for your wallet. The transaction may take some time due to possible network congestion. Use a medium to high gas price for a quicker transaction.
You can check the current requirements here: https://ethgas.watch/
7. Click Supply and Confirm Supply
Once the previous transaction is confirmed, click “Supply”, and you will see how many pool tokens you will get. After that click “Confirm Supply” and accept the next transaction using Metamask. Again, you can use a medium to high gas price for less waiting.
8. Liquidity Position
After the transaction is confirmed, you can see your liquidity position on the “Pool” tab.
Press “Account analytics and accrued fees” to see detailed statistics about your pooled tokens and earned fees.
* Impermanent loss
(IL) is a temporary (or potential) loss of funds that might happen if you deposit and later withdraw liquidity at the different token prices. For a detailed explanation, please refer to many guides available on the internet,
for example: 🔗 [1], 🔗 [2], 🔗 [3], 🔗 [4], and many others.
It is also possible to estimate your potential IL using calculators (also available online).
Please pay attention! We take a snapshot of tokens the moment you add liquidity. If the supply of ATD tokens decreases while you provide liquidity, we will not recalculate the balance. But if you stop providing liquidity and make a withdrawal, we will recalculate the ATD token balances.
For example, you added 100 tokens and the required amount of ETH to liquidity. If your ATD balance becomes equal to 90 ATD tokens, but you are still providing liquidity, we will not recalculate and take an additional snapshot. Our bot will continue to assume that you have 100 ATD tokens. But, if you want to stop providing liquidity, after you make a withdrawal, we will recalculate the balance, and if you have 90 ATD left, and the ticket price is 100 ATD, you will have to buy an additional 10 ATD to participate in the lottery again.
Thanks for your attention! This article is part of a tutorial series A2DAO Guide, which is created for A2DAO community members. See you!
More about A2DAO
A2DAO strives to connect startups with smart capital while helping to cultivate a passionate community for every single project. Our team of experts will assist projects in marketing, development, tokenomics, and other critical areas of growth.
🔗 Coingecko
🔗 Etherscan
🔗 Uniswap
🔗 CoinMarketCap
