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  1. Guides

Provide liquidity

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Last updated 1 month ago

Bit Protocol is going to have a Stability Pool and local BitUSD liquidity pools to which users can deposit funds and earn yield in the process. For the moment, users can use our Partner Protocol's liquidity pools. Here is the step-by-step guide:

Neby

Providing liquidity to Neby is straightforward. Go to the Neby Exchange link provided above, connect your wallet and click the "Pools" section.

Click the wROSE/ BitUSDs pool. In the future there will be multiple pools for BitUSD using different collaterals: in this guide, we will use the wROSE / BitUSDs pool.

After selecting the pool, you'll get to select the price range for that pool. This can be either Full-Range or a narrower manual selection. The narrower the price range, the higher the profits. Remember, only pools in-range will earn fees. If you manage your pools actively, you may prefer to set a narrow range for higher profits, but keep in mind the fees related to swapping pool ranges: the best way to earn the highest yield is to select a range that you feel comfortable with.

After selecting the price range, click "Add Position". Your wallet will ask you to verify the transaction: after that, you now have a liquidity pool position in Neby!

Thorn

Thorn Protocol offers a stableswap (low slippage) and liquidity pools. Connect your wallet to the protocol and click on "Position Manager" to see available pools. We will use the USDC / BitUSDs pool in this guide. Select a pool and click "Add Liquidity":

After clicking Add liquidity you will see a + and a - sign for adding or removing liquidity. Click on the + sign, select the amount you want to add and click "Approve". Confirm the transaction in your wallet. Gongrats, you now have a Thorn Liquidity Pool position!