This video shows you how to add and remove liquidity from XRPLedger AMM pools using the Anodos wallet.
Becoming a liquidity provider means investing in a pool, like owning part of a business that earns trading fees every time people swap tokens.
Your pool shares can go up or down in value depending on how the pool performs and token prices.
Instructions:
1. Go to dex.anodos.finance on desktop or mobile and select Sign In to connect your wallet.
2. Open the Liquidity tab.
3. Choose a liquidity pool (for example, XRP/EVR).
4. Before depositing, review the risks of impermanent loss and slippage.
5. For a single-sided deposit, enable Single-Sided Deposit, enter an amount of XRP or EVR, select Add Liquidity, and sign the transaction.
(Half of the deposited asset is automatically swapped to add an equal USD value of both assets to the pool.)
6. For a two-sided deposit, disable Single-Sided Deposit, enter the deposit amount, review the asset breakdown, select Add Liquidity, and sign the transaction.
7. To remove liquidity, select Remove Liquidity, choose a single- or two-sided withdrawal, enter the amount, review the details, and sign the transaction.
Anodos Finance: https://dex.anodos.finance/liquidity
More on XRPL AMMs: https://docs.anodos.finance/education/explaining-xrpls-super-dex
XRPL AMM Docs: https://xrpl.org/docs/concepts/tokens/decentralized-exchange/automated-market-makers
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