How to add/remove liquidity to the PLENTY/XTZ liquidity pool on Quipuswap
<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/feee5cd5-160f-46f6-93df-ad7fff70e16d/Plenty_Liquidity_Provider_Token.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/feee5cd5-160f-46f6-93df-ad7fff70e16d/Plenty_Liquidity_Provider_Token.png" width="40px" /> An exchange is a place to buy/sell tokens, but in order to do that, it needs one basic thing: tokens (otherwise known as liquidity). Traditionally, centralized exchanges, like Coinbase, provide and manage this liquidity. On Plenty, the liquidity is provided voluntarily by its users. In return, Plenty rewards those who provide temporary access to their tokens with a share of the 0.25% fee charged to traders of the respective token pair, proportional to the amount of liquidity they added to the pool. This option could be a great opportunity to earn extra yields on tokens that are just sitting in your wallet.
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adding liquidity on Plenty
Step 1: Head to plentydefi.com and enter the app.
Step 2: Connect your wallet to Plenty (make sure you have some tez to cover the gas fees!).
Step 3: Head over to "Swap" and click the Liquidity tab. Select the input tokens to add. (Please note that the two token amounts need to match each other in monetary value, e.g. PLENTY $100–wBUSD $100).
Step 4: Press "Add Liquidity".
Step 5: Review your transaction details, click “Confirm Supply” and you’re all set! For the next step take a look at the farms!
Step 1: Head to plentydefi.com and enter the app.****
Step 2: Connect your wallet to Plenty (Make sure you have some tez to cover gas fees!).
Step 3: Click the Liquidity tab and select the pair you want to remove liquidity from.
Step 5: Click "Remove," enter the percentage of your position that you want to withdraw and click "Withdrawal."
Step 5: Confirm ****the transaction in your wallet and you’re all set!
There is no vesting period for these earnings and when you remove liquidity, you will also receive your LP earnings.