πProviding Liquidity on Quantum
A Tutorial
Last updated
A Tutorial
Last updated
Providing liquidity on Quantum is designed to be as intuitive and straightforward as possible. Follow these steps to add liquidity to your preferred pool:
Begin by clicking on 'Liquidity' on the menu bar. This will take you to the liquidity management page.
Here you will find two options: 'Add Quantum Liquidity' and 'Add Classic Liquidity'. Choose the one that suits your needs. If you're here for the concentrated liquidity experience, click on 'Add Quantum Liquidity'.
Now, you'll see a list of 'Available Pairs on Quantum'. Choose the one you're interested in and click on 'Manage Position'.
You're now on the position management page. Here you'll notice a few important sections:
This is the current range of the concentrated liquidity. It is automatically managed based on an optimal strategy designed to mitigate impermanent losses (IL). You don't have to worry about choosing a range or managing it.
Here is where you enter the amount of tokens you wish to add to the liquidity pool.
Click 'Approve' to give the necessary allowances to your tokens. This step is crucial as it allows Quantum to interact with your tokens.
Once you've confirmed everything, click 'Deposit'. This will add your tokens to the Quantum liquidity pool.
And there you have it! You've successfully added liquidity to Quantum. The process of providing concentrated liquidity is made extremely simple, requiring no graph or range analysis. Just enter the amount and get going!