Pool is a service that allows users to provide liquidity to NEOPIN by depositing a pair of tokens into a liquidity pool developed based on the Automated Market Maker (AMM) model, and rewards users in return. Users may earn additional NPT rewards proportional to the amount deposited in the pool and a certain share of the swap fees generated on NEOPIN.
So let’s dive into how to use NEOPIN pools on the web 😀
[Web] Pool Guide
Pool User Guide for NEOPIN Web
1. Connect your wallet
To use the Pool service on the NEOPIN Web, you need to connect your wallet first. Click the [Connect Wallet] button and select the wallet you would like to connect.
For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.
▶ Review details on #5.-web-connect-your-neopin-wallet
2. Deposit
1) Go to the [Pool] tab and Click the Pool product you want to deposit.
2) Carefully review the Pool product information and enter the amount you wish to deposit. then Click the [Deposit] Button
3) Review the “Estimated Summary”, then select the [Deposit] button. A transaction request screen will show up in the NEOPIN App. Please make sure to check the precautions before making a deposit.
4) Please confirm the transaction in your connected wallet.
· If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the [Confirm] button in the NEOPIN App and enter the PIN Code to complete the deposit process.
· Once the PIN Code is successfully authenticated, the Pool deposit is complete.
🚨 Notes:
· To deposit in the Pool, you need to hold both of the displayed token pairs.
- For example, for KAIA-NPT Yield Farm, you need to have both KAIA and NPT in your wallet.
- When you enter the amount for one token, the required amount of the remaining token will automatically be entered.
· Deposit with a single asset is also available.
- When you deposit a single asset, half of the amount is automatically swapped into the other asset from the swap pool.
- The exchange rate, swap fees, and the actual amount deposited may differ from the estimated amount of deposit depending on the slippage percentage.
- Depositing a large amount of a single asset may cause a high price impact.
- The quantity is automatically calculated on a 1:1 ratio according to the market price of each token at the time.
- Please make sure to review and agree to the “Terms of Use” before making a deposit.
- If this is your first time using a product, a one-time approval is required to proceed with a Deposit. >#6.-approve
· The expected APR for Pool is determined by the chain inflation, and the changed APR will be updated and displayed in the Pool product information.
· Assets deposited in Pool cannot be traded until they are withdrawn.
· Estimated Returns are the estimated at the time of the request and may vary during the actual deposit process.
· After your deposit request, here may be a waiting time depending on network congestion.
3. Withdraw
1) Go to [Pool] tab and Click the product you want to withdraw.
2) Select the [Withdraw] tab at the top and enter the amount you wish to withdraw. Please make sure to review and agree to the “Terms of Use” before making a withdrawal.
3) Review the “Estimated Withdrawal”, and then click the [Confirm] button. A confirmation request screen will appear in the NEOPIN App.
4) After reviewing the transaction summary, please confirm the transaction in your connected wallet.
· If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the [Confirm] button in the NEOPIN App and enter the PIN Code to complete the withdraw process.
· Once the PIN Code is successfully authenticated, the Pool withdraw is complete.
🚨 Notes:
· Estimated Returns are the estimated values at the time of the withdrawal request and the actual withdrawal value may differ from it.
· When making a withdrawal, the exchange rate may change, resulting in a smaller amount being withdrawn than expected.
· After your withdrawal request, waiting time may occur depending on network congestion.
4. Claim Rewards
1) Go to [Pool] tab and select a product to see the deposit details.
2) In the deposit details on right side, you can check My LP Token (the amount of my deposit) and claimable rewards (the amount of accumulated rewards not received).
3) Click the [Claim] button to receive unclaimed rewards from Pool
4) Review the “Reward Detail” and click the [Claim] button. A confirmation request screen will show up in the NEOPIN App.
5) After reviewing the transaction summary, please confirm the transaction in your connected wallet.
· If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the [Confirm] button in the NEOPIN App and enter the PIN Code to complete the claiming process.
· Once the PIN Code is successfully authenticated, the claim reward is complete.
🚨 Notes:
· Pool deposit rewards begin accumulating immediately upon deposit.
