Leverage guide - providing liquidity
Guide on providing liquidity for leverage
Last updated
Guide on providing liquidity for leverage
Last updated
Open the https://wagmi.com/liquidity tab
Choose leverage tab.
Here you can see all the supported networks and protocols whose liquidity is supported.
For now the supported protocols are:
Wagmi on Metis and Kava
Kinetix on Kava
Pancakeswap on BSC
Chose the desired protocol where you have liquidity and click go to positons. Your open LP position will appear here.
In case you dont have an open LP position, you can open one here:
https://app.wagmi.com/liquidity/add/ETH
Keep in mind, the range of the LP pair you chose defines the available leverage that you will enable to users that will use it.
Here you can see all your open LP positions. First you have to approve your LP for leverage. Once you approve it, users will be able to leverage on the provided pair.
There are several things to follow:
Position value - the assets of which your LP is made of
Borrowed amounts - how much of each asset is borrowed by leverage users
Daily rewards - the amount of fees your LP position is earning from leverage
APR - Amount of fees earned annualized
Revoke - You can revoke your LP position from leverage
Important to note:
Once your LP position is approved you agree to terms of being 100% in one asset or 100% in other asset, decided by your setup range.