CUBE User Manual Update: Token Swap, Liquidity, Pair Pool

CUBE

Published in

CUBE

6 min readJul 29, 2022

Hello, CUBE from METAVERSE World. We are delivering the user manual for the newly added features.

Token Swap

What is Token Swap?

Token Swap refers to exchanging one token for another of the same value. Unlike order book exchanges, where orders are executed only when there is a counterparty, Token Swaps can be made in real time at any time.

Go to Bank > Exchange > Trade.
https://market.cube.store/exchange/trade

Connect your wallet by clicking the ‘Wallet’ button on the upper right-hand corner.

Click the “Wallet Connect” button to log-in (Choose the wallet where you hold the relevant tokens).

Once the wallet is successfully connected, you will see a green mark next to the wallet icon.

Chart: Displays the price of the selected transaction pair on the right as a line chart. You can view daily (24H), weekly (1W), monthly (1M), and annual (1Y) unit charts.

You can turn the chart function on and off by clicking the chart button at the top.

You may select tokens to trade by clicking on the Select box, but only CUBE — GBC transactions are supported at the moment.

Click the arrow button at the center of the screen to toggle between the GBC and CUBE positions.

Click again to return to CUBE — GBC order.

Select the trading token, then enter the desired quantity

Tip: Click the ‘Max’ button on the right to select the entire wallet balance.

Based on the current price, the number of tokens to be received is automatically displayed. Click the ‘Swap’ button.

Check the tokens to be traded, quantity, and fee information. If all is correct, click the ‘Confirm’ button.

Confirm the transaction for swap from your wallet interface.

If the above message shows up, the token swap has completed successfully.

Liquidity

What is Liquidity?

You can supply a pair of tokens required for a token swap to the liquidity pool and in return receive a share of the swap fee. You receive LP tokens in return for providing liquidity, and you can receive additional CUBE rewards by staking those LP tokens. (Go to Pair Pool)

Go to Bank > Exchange > Invest https://market.cube.store/exchange/invest

Connect your wallet by clicking the ‘Wallet’ button on the upper right-hand corner.

Click the “Wallet Connect” button to log-in (Choose the wallet where you hold relevant tokens).

Once the wallet is successfully connected, you will see a green mark next to the wallet icon.

Liquidity Supply

If there is no previously supplied liquidity, a blank screen will be displayed as above. Click ‘Add Liquidity’.

In the upper field, enter the quantity you wish to supply liquidity. The lower field is automatically calculated so that both sides have the same value. Click the ‘Supply’ button.

Confirm the tokens to be supplied, quantity, and fee information and click the ‘Confirm’ button.

Confirm the transaction for swap from your wallet interface.

If the above message shows up, the liquidity supply has completed successfully.

You can check your LP tokens at the bottom of the Invest screen.

Liquidity Release

To release the liquidity you have provided, you must have LP tokens in your wallet.
(If LP tokens are staked in the Pair Pool, liquidity can be released after unstaking.)

When you click on the token in the liquidity list, its details will show.

Click the ‘Remove’ button on the right.

Specify the percentage of LP tokens held to release.

Select with the 25%, 50%, 75%, Max button, or set manually by moving the slider.

This is the amount of tokens you receive in exchange for liquidity release. It may differ from the amount of tokens deposited at the time of liquidity supply because additional swap fees may have been accumulated and/or impermanent losses may have occurred.

What is an impermanent loss?

When liquidity is supplied to the liquidity pool, or in other words, when the asset is deposited, it may temporarily lose value due to changes in the price of the deposited asset. The larger the price fluctuation of the deposited asset, the greater the impermanent loss (Learn More).

Confirm the transaction for swap from your wallet interface.

If the above message shows up, the liquidity removal has completed successfully.

Pair Pool

What is a Pair Pool?

A staking pool operated as a reward for liquidity providers. You can receive CUBE rewards by supplying liquidity and staking the LP tokens received in return. (Go to Invest)

Go to Bank > Stake > Pair
https://market.cube.store/stake/pair

Connect your wallet by clicking the ‘Wallet’ button on the upper right corner.

Click the “Wallet Connect” button to log in (Choose the wallet where you hold relevant tokens).

Once the wallet is successfully connected, you will see a green mark next to the wallet icon.

Staking

If you provide liquidity and have LP tokens, you can stake in the Pair Pool.

Click the Stake button on the right.

Enter the amount to be staked and click the ‘Stake’ button at the bottom.

(Press the Max button to select the total number of LPs you have.)

Confirm the transaction for swap from your wallet interface.

If the above message shows up, the staking has completed successfully.

Receiving Interest

When you click the ‘Unstake’ button, you will receive the deposited LP token and all rewards. When you click the ‘Harvest’ button, you will receive only the rewards, excluding the deposited LP tokens. Click the button you would like of the two.