DeFi liquidity pools, explained
Cointelegraph
Published Jan 28, 2021 09:20AM ET
Updated Jan 28, 2021 11:00AM ET
The exact procedure for joining DeFi liquidity pools varies according to the platform. In general, one would need to set up an account on the platform of choice and then connect an Ethereum wallet such as MetaMask or other Web 3.0 wallets from the homepage. After that, tokens can be deposited into the relevant liquidity pool.
On platforms, such as Uniswap, one would need to search for a specific pair they want to provide liquidity to and then connect the wallet. After checking the returns, such as the pool ratio and the exchange rate, a user can deposit the tokens into the pool.
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Written By: Cointelegraph
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