Yel Finance
  • Introduction
    • Exploring Yel Finance
    • Yel On-Boarding
  • Key Concepts
    • Arbitrage & LP Roots
    • Volatility Farming
  • Products
    • Potions
      • Simplified Explanation of Potions
      • Interactions with Potions
      • Fee Structure
      • Maths Behind Potions
      • Engagement Strategies
    • Utility Products
  • Step-by-Step Instructions
    • Wrap & UnWrap
    • Liquidity Provision
    • Swap
    • How to Manually Arbitrage
  • About Yel Finance
    • Yel R&D Lab
    • Roadmap
    • Tokenomics
    • Governance
    • Oracles
  • References
    • Publications
    • Yel Finance Links
    • Yel Team Socials
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  • To provide liquidity and stake into a Potion with Duo Mode:
  • To provide liquidity and stake into a Potion with Single Mode:
  • To remove liquidity:

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  1. Step-by-Step Instructions

Liquidity Provision

Providing Liquidity to a Potion

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Last updated 4 months ago

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To provide liquidity and stake into a Potion with Duo Mode:

  1. Choose the Potion you want to interact with and select the Provide LP tab.

  2. Select Duo Mode.

  3. To provide LP and stake in the Potion using Duo Mode, you must first

  4. Enter the amount required to create an LP token using lYEL and a paired asset.

    • The paired asset can be either an original asset or a derivative token.

    • For example, if you are using lYEL, it is a derivative token paired with lUSDC (a derivative of the original asset, USDC).

  5. Choose the desired amount.

  6. Click Provide LP & Stake.

  7. Once completed, you'll receive slYEL, which represents your share in the Liquidity Pool.

To provide liquidity and stake into a Potion with Single Mode:

  1. Select the Provide LP tab within a Potion.

  2. Choose Single Mode.

  3. You will see a list of original assets (e.g., YEL) and derivative tokens (e.g., lYEL) available for selection.

  4. Choose the asset or token you want to use for providing LP and staking.

  5. Click Provide LP & Stake.

  6. It will automatically create the LP token and stake it for you.

  7. Once completed, you will receive slYEL, which represents your share in the Liquidity Pool.

To remove liquidity:

  • Select Remove LP tab.

  • Enter the amount you wish to unstake and remove LP of slYEL.

  • Press Remove LP & Unstake.

  • The tokens you provided for LP are back in your wallet.

create derivative token(s) (e.g., lYEL).