πŸ‡¬πŸ‡§
LocalTrade
Trade on CEXVisit DeFi Lab
English
English
  • Welcome to LocalTrade
  • πŸš€Roadmap
  • Additional Info
  • 🀝Partners
  • πŸ’°Tokenomics
    • LocalTrade Token
    • Vesting & Unlock Schedule
    • Token Utility
    • What is LocalUSD?
  • πŸ“¦Products
    • πŸ”LocalTrade CEX
      • πŸͺ™Staking on LocalTrade CEX
    • βš—οΈDeFi Lab
      • 🚜Farming Vaults
        • πŸ›‘οΈStatic Vaults
        • ♾️Supreme Vaults
        • πŸ’ΈLP Farming
      • πŸ“±DeFi Wallet
  • πŸ“šGUIDES & HOW-TO'S
    • πŸ“—DEFI LAB GUIDES
      • Buy LTT on PancakeSwap
        • Buy BNB with ApplePay (NO KYC)
        • Buy BUSD/BNB at LocalTrade Exchange
      • Claim unlocked LTT
      • Stake tokens at Farming Vaults
      • Get started with Liquidity Provision (LP)
      • How to stake LP tokens at Farming Vaults
      • Claim rewards from DAO Sharing Economy
      • Get started with DeFi Lab
    • πŸ“‘LocalTrade CEX GUIDES
      • 🟑Staking stablecoins on LocalTrade CEX
      • 🟒Staking LTT on LocalTrade CEX
    • πŸ“±Use DeFi Wallet from LocalTrade
      • Create your DeFi Wallet
      • Enable passcode and biometrics
  • πŸ’¬Community & Media
    • πŸ‘₯Community
    • πŸŽ₯Media Presence
    • Branding Media Kit
Powered by GitBook
On this page
  • How to provide liquidity via DeFi Lab UI
  • How to remove liquidity and receive LP Rewards

Was this helpful?

  1. GUIDES & HOW-TO'S
  2. DEFI LAB GUIDES

Get started with Liquidity Provision (LP)

Learn how to become a liquidity provider and earn fees for each BUSD/LTT swap on Pancakeswap

PreviousStake tokens at Farming VaultsNextHow to stake LP tokens at Farming Vaults

Last updated 3 years ago

Was this helpful?

Providing liquidity is an awesome way to get some extra rewards on your funds. All LPs (Liquidity Providers) on PancakeSwap receive 0.17% fees from each swap that happens inside the pool.

When adding liquidity on , you need to already have both BUSD and LTT in your wallet. The best thing about our UI is support for multiple currencies.

At DeFi Lab, you can use a single BEP20 token (BUSD, BNB or wBNB) and it will be auto-swapped to LTT and BUSD.

BUSD/LTT Liquidity Pool contract on bscscan:

BUSD/LTT Liquidity Pool on PancakeSwap:

How to provide liquidity via DeFi Lab UI

On this page, choose Provide Liquidity tab. You'll see the Add Liquidity UI.

If you didn't connect your wallet yet, now's the time! Connect your BEP20-compatible wallet to the website by pressing the Connect or Create Wallet button.

Press +Add Liquidity button to get the process running.

Choose one of the supported BEP-20 tokens (BUSD, BNB, wBNB) and input the amount of liquidity you want to add to the pool.

Press Confirm button whenever you're ready to go to the next step.

After that, you'll see the details about your future liquidity: the minimum amount of BUSD-LTT LP tokens to be received and the total value of your LP tokens.

BUSD-LTT LP tokens represent your share of the Liquidity Pool and consists of BUSD and LTT tokens. When removing liquidity from the pool, you'll receive both BUSD and LTT tokens, with amounts calculated according to the actual pricing.

Press Confirm button to authorize the operation. You'll also need to confirm the transaction in your wallet.

After confirmation, you'll see the details about your acquired BUSD-LTT LP tokens.

Nice job! Now your liquidity will be used to provide swaps for every LTT trader on PancakeSwap.

To get even more APR on your BUSD-LTT LP tokens, go ahead and stake them at Farming Vaults.

How to remove liquidity and receive LP Rewards

Claiming LP Rewards manually isn't possible due to how liquidity pools work on PancakeSwap. All LP rewards from swap fees are counted towards the LP token price. So, you'll get LP rewards only after removing liquidity from the pool on PancakeSwap, together with your LTT + BUSD tokens.

Removing liquidity via PancakeSwap

After the transaction is confirmed. You will receive two of the tokens from your pair. And if you haven't remove all of your liquidity, your remaining liquidity value will be updated on "My Liquidity" page.

Go to .

You can only remove liquidity from BUSD/LTT the pool on PancakeSwap. For a detailed guide, or open the dropdown tab below

Visit the on PancakeSwap.

Connect your wallet and choose the BUSD-LTT pair from under β€œYour Liquidity".

Click Remove. A new modal will appear.

Use the buttons or slider to choose how much liquidity you want to remove. Choose MAX to remove all of your liquidity from this pair.

Click Enable. Your wallet will ask you to sign the action.

After that, the Remove button will light up. Click to proceed.

A window will appear showing how much token you will receive. Click Confirm. Your wallet will ask you to confirm the action.

πŸ“š
πŸ“—
Farming Vaults page on DeFi Lab website
⬇️
follow this link
Liquidity page
πŸ’ΈLP Farming
PancakeSwap
https://bscscan.com/address/0x786932181e1341383939E3c899A7c433f6B7f0A1bscscan.com
BUSD-LTT contract address on BSC explorer
πŸ₯ž PancakeSwap - A next evolution DeFi exchange on BNB Smart Chain (BSC)
BUSD/LTT Pool on PancakeSwap
Logo