Liquidity Pools
What are LunaX Liquidity Pools?
The LunaX liquidity pools (Lunax-LUNA and LunaX-axlUSDC) are a collection of tokens locked in a smart contract that is used to facilitate trades between the tokens on a decentralized exchange (DEX). The liquidity pool helps to facilitate decentralized trading and reduces the risk of washout.
What can I do with my LunaX?
- Hold your LunaX in your wallets and enjoy auto-compounded staking rewards with the added benefit of instant liquidity
- Provide liquidity to LunaX-LUNA Liquidity pool on Terraswap, Phoenix, and Astroport to earn swap fees.
- Provide liquidity to LunaX-axlUSDC Liquidity pool on Phoenix to earn swap fees.
Note: Phoenix Finance and Astroport contracts may not be professionally audited yet, so invest at your own risk. Please do your own research about the protocols, smart contract security, etc.
How do I provide liquidity to LunaX-Luna LP Pool?
- Step 1: Go to Stader-Terra DeFi Page.
- Step 2: Click on “Add Liquidity” button for one of the options provided under LunaX-LUNA (Either Terraswap or Pheonix or Astroport)
For Terraswap
- Step 1: Click on the 'Provide' tab and select LUNA & LunaX from the 1st and 2nd Asset dropdown lists respectively.
- Step2: Enter the LUNA and LunaX values you want to provide for liquidity and click on the 'Provide' button after checking all your details
- Step 3: Confirm the transaction using your Terra Wallet password.
For Phoenix Finance
- Step 1: Select LunaX-LUNA pool and click on the 'Deposit' tab. Make sure the 1st and 2nd assets are LunaX and LUNA respectively.
- Step 2: Enter the LUNA and LunaX values you want to provide for liquidity and click on the 'Deposit into the pool' button after checking all your details.
- Step 3: Confirm the transaction using your Terra Wallet password.
For Astroport
- Step 1: Select LunaX-LUNA pool and click on the 'Provide' tab. Make sure the 1st and 2nd assets are LunaX and LUNA respectively.
- Step 2: Enter the LUNA and LunaX values you want to provide for liquidity and click on the 'Add Liquidity' button after checking all your details.
- Step 3: Confirm the transaction using your Terra Wallet password.
How do I provide liquidity to the LunaX-axlUSDC LP Pool?
- Step 1: Step 1: Go to Stader-Terra DeFi Page.
- Step 2: Click on “Add Liquidity” button for LunaX-axlUSDC Phoenix pool.
- Step 3: Select LunaX-axlUSDC pool and click on the 'Deposit' tab. Make sure the 1st and 2nd assets are LunaX and axlUSDC respectively.
- Step 4: Enter the LunaX and axlUSDC values you want to provide for liquidity and click the 'Deposit into the pool' button after checking all your details.
- Step 5: Confirm the transaction using your Terra Wallet password.