DEX
What is a liquidity pool?
A decentralized exchange (DEX) uses liquidity pools to allow you to swap tokens. A liquidity pool contains a token A and token B pair; you can trade with the liquidity pool to swap token A for token B and vice versa. Users can also deposit the tokens they have to liquidity pools and earn yield from doing so.
Do I need to have both tokens of a liquidity pair to deposit to the pool?
On the Intella X DEX, you are able to deposit liquidity pairs even if you have only one asset of the pair. Choose the token you have when depositing to a liquidity pool, and half of the amount you enter will be converted to the other asset of the pair.
How does token swap work?
Intella X DEX uses the AMM method. It uses the formula x*y=K, where x and y are the amounts of tokens x and y. Variables x and y adjust to maintain constant K; however, K may still increase or decrease depending on deposits and withdrawals.
Can I change the ratio of A:B tokens when depositing to the pool?
You cannot change the existing ratio of token pairs when depositing into a liquidity pool. When depositing, the pairs must have value of 1:1 ratio. For example, $100 USDC.e : $100 MATIC
What does Approve do?
Blockchain applications require your approval, or authorization, in order to execute transactions that move the funds to and from your wallet. Intella X Wallet must go through a one-time approval process for each asset, after which you will be able to freely transfer that asset. Approval processes also require transaction fees, so please keep that in mind.
I was informed that I get 50% of transactions fees as rewards, but I don't see them under Claim Rewards.
The share of transaction fees you get accumulates on top of the liquidity pair that you've deposited. This is why you see an increase in the amount of tokens you've deposited as a liquidity pair, even though you've deposited less than the amount shown in the wallet. You cannot claim them separately; you will need to withdraw the liquidity pair instead.
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