Add Liquidity
Last updated
Last updated
Adding liquidity to TrumpSwap is an essential way for users to participate in and support the platform's ecosystem. Currently, Liquidity Providers can add liquidity to the Trump47/ETH pair on TrumpSwap. By doing so, you contribute to the liquidity pool, making token swaps between Trump47 and ETH smoother and more efficient.
To add liquidity, you need to deposit an equal value of Trump47 tokens and ETH into the pool. In return, you will receive LP tokens (UNI-V2), which represent your share of the liquidity pool. These LP tokens also entitle you to a portion of the trading fees generated from swaps within the pool.
The formula for calculating the number of LP tokens in an existing Trump47/ETH pool is:
For example:
If there are 1000 Trump47 tokens and 1000 ETH in the pool, and you are adding 100 Trump47 tokens and an equivalent value of ETH, you're adding 10% of the liquidity.
If the total supply of LP tokens is 1000, you will receive 100 LP tokens (10% of the total LP tokens).
Adding liquidity not only supports the platform but also offers an opportunity to earn passive income through trading fees.
