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Liquidity pool with verified token
Liquidity pool with verified token
Updated over a week ago

You might already know that the Waves blockchain allows you to quickly and easily create tokens. WX Network not only supports this functionality but also significantly develops it. WX Network users can create their own tokens and verify them in order to draw the attention of other users to these tokens and increase the degree of trust in their projects. Moreover, we developed functionality that allows users to increase the attractiveness of their tokens: if the token successfully passed the verification, any user can run a liquidity pool with this token working on the WX Network trading bot basis. Any WX Network user can invest funds in this liquidity pool and earn income from the pool's LP token price growth (base APY) and WX emission destribution (tAPY).

To create a pool with your verified token, log in to the WX Network account where you created the token, go to the Pools tab and click the Setup Pool button.

You will be suggested to fill in a form in which you need to specify the amount user token and the amount of main token that you will transfer to the trading bot to initialize your pool. The more main token you invest in the pool, the higher the price of the user token will be at which the trading bot start placing orders. But 1000 minimum units of the user token (for example, for tokens with 3 decimal, this is 1) are the minimal amount you can invest. Also, there is a minimal amount of second token (price asset) that must be deposited for pool creation. The minimum balances for pool creation are shown in FAQ.

Note: the pool creation process can take up to 3 days.

Note: if the pool balance decreases to 50% of the minimum deposit amount, the pool trading bot will stop. The minimumpool's balances for trading bot working are shown in FAQ.

That's all! After 3 days or early, your pool's trading bot will be launched, your pool will appear in the general list in the Pools tab, and any WX Network user will be able to invest tokens in it.

Note: any user can create a pool with a verified token, but only if there is no such liquidity pool yet.

If you have any questions related to WX Network, feel free to contact us.

tags*: create liquidity pool waves wx invest passive income reward voting verify token

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