Dear Presearchers,
As we are receiving questions around liquidity providing on decentralized exchanges on a frequent basis, we are excited to share liquidity providing instructions and information for our community members. Learn more about how to provide liquidity, the risks and benefits of providing liquidity for yourself, and the benefits for the project.
How to provide liquidity?
Liquidity can be provided in a few easy steps:
Visit Presearch (PRE) on Uniswap and click on ‘+ Add Liquidity’ in the top right corner.
Add the number of PRE/ETH or PRE/USDT (equivalent in value) you’d like to add to the liquidity pool.
Approve spending for PRE/ETH on Uniswap, after this smart contract interaction has been approved, click on: ‘Supply’
That’s it, you’re now a liquidity provider for Presearch on Uniswap!
What are the risks and benefits of providing liquidity?
Providing liquidity on Uniswap comes with volatility risk. If you’re inexperienced, we’d like to recommend you to read about Uniswap pools before doing so. Based on supply and demand, the pool changes and you could end up with a different ETH/PRE or USDT/PRE balance.
Providing liquidity also comes with benefits. Uniswap charges 0.3% transaction fees which liquidity providers share among the total pool. That being said, the more liquidity you provide, the bigger your pool share, the bigger % of total trading fees you receive.
Benefits for the project
By having more liquidity, PRE will be more accessible for larger clients, traders and new token holders.
Where is PRE currently listed?
PRE is currently listed on KuCoin, Probit, Uniswap and Marketplace.Presearch.org.
The Presearch Community
Haven’t joined our social channels yet? We’d love to welcome you to our community!
Telegram: T.me/Presearch
Twitter: Twitter.com/presearchnews
Facebook: Facebook.com/presearch.io
YouTube: Youtube.com/channel/UCgU-2uscwUP6x27mUpCGWwg