Earn protocol fees (up to 0.09%) by deploying capital as a maker. Traders (ie takers) will trade against your capital, and you will earn a majority portion of fees paid by traders.
Just like on Uniswap v3, you can provide capital within a certain price range. It is generally beneficial to actively manage the range you are providing within—see our list of strategy providers if you would prefer to automate.
Note Once your liquidity starts being used in trades, you will see a position appear in the main trading view. This indicates takers have bought or sold against the liquidity your provided. Need a detailed how-to? Read the full docs or watch the quick start video: <link>
1. Move funds to Arbitrum
Testnet Use the faucet to receive testnet funds - https://rinkeby.arbifaucet.com/. You can skip to step 2 until the protocol launches on Arbitrum mainnet.
Bridge funds using the Arbitrum Bridge:
Gas fees are paid in ETH on Arbirtrum so make sure to bridge ETH if you do not already have some on Arbitrum. As Arbitrum like to remind everyone—there is no Arbitrum token 😉
2. Connect your wallet
Go to the exchange website and connect using Metamask or WalletConnect. If you haven't added Arbitrum Rinkeby to your wallet, you should be prompted to do so, or you can add it using Chainlist.
Click 'Connect Wallet'
Switch to the Arbitrum network
3. Deposit USDC
Deposit USDC into the exchange and receive tokens for liquidity provision.
4. Choose an asset
BTC and ETH are available currently on testnet.
Choose the price range you wish to place orders at.
Note You cannot change range after adding liquidity. Remove liquidity and re-add it to change range.
Note The range will automatically update to the nearest tick after you enter it.
Choose the amount of liquidity to add.
Note a. If you place liquidity outside the current price range, you only add a single pair (single-sided liquidity). b. You only provide USDC as liquidity. Your USDC collateral will automatically be converted to virtual asset tokens in the appropriate ratio for providing liquidity (according to the oracle price).
Your maker orders will appear below.
Manage open orders
Click the order details to open the management panel. You can
- Increase liquidity
- Remove liquidity
- Collect protocol fees earned
Add more liquidity
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