How to add liquidity on Algebra with the new UI?
Recently, we’ve implemented a more friendly and easy-to-use interface for our “+New Position” page. From this moment, you can enjoy the smoothest liquidity-providing experience ever thanks to the Algebra DEX! Now, let’s break down the new way of providing liquidity with the new UI.
- Visit the Algebra dApp.
- Go to the “Pool” page.
\==go to pool==
- Tap on the “+New Position” button.
\==tap on new==
- Select a pair of tokens.
\==select a pair==
You can choose tokens manually, or use the prompts for available pools, to which you can provide liquidity. Those are the pairs which are the most traded among the Algebra community. This way, you’ll be able to know exactly which pools can be used for depositing your liquidity.
\==or use the prompts==
- Click the “Select a range” button.
\==click select a range==
- Choose the desired price range.
You can set the price range manually, or choose one of the options – “Safe”, “Common”, “Expert”, and “Full Range”. These ready-to-use price ranges will surely help you make the right decision, and simplify your user experience when providing liquidity to an exact price range.
\==choose the price range==
If you are sure about the state of the market for the period of liquidity-providing you planned, choose the “Expert” option. If you want to play it safe, choose the “Safe” or even the “Full Range” options. The “Common” one is supposed to be the medium of them all. In addition, you can see the percentage of the current price in both directions — for the minimum and maximum price of your range, as well as an estimate of the risks and earnings for each option. Moreover, there is also a special preset price range for stablecoins.
- Tap on “Enter amounts”.
For your convenience, the proportions in which tokens are to be deposited are now displayed on the right side of the last pool creation step — “Enter the amounts”.
\==tap on enter amounts==
- Choose the amounts of your crypto.
The amounts you set to provide liquidity are now displayed in both USD and the tokens you lock. This way, it will be easier for you to use your assets however you want. You can always switch the display of your assets at the top section.
\==choose the amounts==
- Make sure to approve your tokens.
\==make sure==
- Click “Add Liquidity”.
\==click add liq==
- Approve your transaction by clicking “Confirm”.
\==confirm==
- Congratulations! Liquidity is added.
\==congrats==