Adding Liquidity.
Know Everything about Crypto Liquidity Pools in Prismatic.
What Is a Liquidity Pool?
Crypto Liquidity Pools are an essential part of the DeFi ecosystem. These pools are a collection of tokens or digital assets stored in a smart contract. These pools, among other things, help to facilitate decentralized trading and reduce the danger of washout. Liquidity pools are stored crypto assets to make trading of major exchanges on DEX (decentralized exchanges) easier.
Adding Liquidity
Before You start adding liquidity, you need to provide a sufficient amount of tokens in the Multisig safe. You can do this by depositing the appropriate tokens or by making a swap.
Prismatic is built on the Algorand blockchain, so all transaction costs are covered in Algo. Adding liquidity involves creating a blockchain transaction. For this reason, You need to provide the appropriate amount of Algo to cover the fee.
You can add liquidity in two ways:
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