ðĪHow to Add Liquidity to the $SQR Token on PancakeSwap?
Last updated
Last updated
Adding liquidity to the $SQR token on PancakeSwap enables you to earn trading fees from the trades that occur within your liquidity pool. We currently have two available pools: $SQR/USDT and $SQR/WBNB. Here's how you can contribute to either pool:
Visit PancakeSwap and click on the "Connect" button located in the top right corner. Choose your wallet provider (e.g., MetaMask, Trust Wallet) and follow the instructions to connect your wallet.
With your wallet connected, click on âTradeâ in the sidebar menu, then select âLiquidityâ. Opt to âAdd Liquidityâ.
For the field 'CHOOSE TOKEN PAIR' you can choose either $SQR/USDT or $SQR/WBNB, depending on the pool you wish to join. And choose the Liquidity Pool.
Input the amount of USDT or WBNB you want to add to the pool. The system will automatically calculate the equivalent amount of $SQR required. Ensure there's enough BNB in your wallet to cover the gas fees.
If this is your first time providing liquidity to this specific token pair, click "Enable $SQR" and confirm the transaction in your wallet. Repeat the process for USDT by clicking "Enable USDT". Then, click "Add" and proceed to Step 6.
After clicking the "Add" button, a pop-up will appear for you to review the information. Click on the "Add" button again to proceed. Then, confirm the transaction in your wallet and wait for it to process, which may take a few moments.
Once the transaction goes through, you can view your liquidity by going back to the âLiquidityâ page. It will display your share of the pool and details of the assets you've provided.
Congratulations! You have now successfully added liquidity to the $SQR token on PancakeSwap, participating in either the $SQR/USDT or $SQR/WBNB pool, depending on your choice.
As a liquidity provider, you are eligible to earn a portion of the trading fees generated by the pool.
