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How To Create Liquidity Pools?
Follow The Step By Step Visual Aid Below To Create Liquidity Pools For Tokens On Phiswap.
1) Click Add Liquidity
2) Select Currencies (Top & Bottom)
3) Click Approve (Token) (Confirm In Wallet)
4) Click Supply (Confirm In Wallet)
Click Add Liquidity
Select Currencies
Select Currencies
When Creating A pool For The First Time That Hasn't Been Created Previously For A New Token You Will Need To Set The Initial Rate Of The Token or Tokens.
The Recommendation Is To First Set The Price With USDT Because It Is Easy To Do The Calculations. The Tokens Initial Price Is Derived From The Ratio Of Tokens That Are Supplied On Both Sides.
Once You Have Set The USDT Price Of Your Token.
Get The Current Price Of PHI/USDT
Divide Your Tokens Price per USDT By The Price Of PHI To Know How Many Tokens You Will Need To Supply Per PHI To Have Your Price Rates Consistent Across Both liquidity Pools.
1) Create Both USDT/(NEWTOKEN) & PHI/(NEWTOKEN) Liquidity Pools.
2) Add At Least $10,000,000+ To Liquidity Pools.
3) Exchange (NewToken) With PHI or USDT
Congratulations You Have Created Your First Liquidity Pool
Last modified 1yr ago