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How to provide liquidity to USDC?

This article explains how you can provide liquidity to the Stabull Liquidity Pools for USDC and another stablecoin. This will grant you Liquidity Provider tokens while you maintain liquidity on the DEX and allow you to share in transaction fees generated by your stablecoin pair.

  1. Go to the Pools section of the Stabull DEX.
  2. If you haven’t already, select your blockchain from the dropdown at the top of the screen and click Connect
  3. Choose your wallet (ie MetaMask)
  4. If not unlocked, you may need to enter your wallet password to unlock your wallet
  5. Choose the wallet address you would like to connect to the DEX and click next.
  6. Click connect (this will not incur a gas charge)
  7. Select the Liquidity Pool you would like to contribute liquidity to.
  8. Click add liquidity
  9. Enter the relevant amount of both stablecoins (ie USDC & NZDS) you would like to add to the liquidity pool. You will see the details on the LP tokens you will receive, the price for each stablecoin, and your share of the pool at that moment in time.
  10. Click approve which will trigger your wallet.
  11. If it is your first time connecting to the DEX for this coin, you will be asked to set a spending cap. Select an amount you are comfortable with, or click Max to enable your full balance to be tradable and click next
  12. You will be presented with information about your chosen spending cap. This will incur a small gas fee, which you can adjust as you like. Click approve.
  13. Wait a short amount of time for the transaction to be submitted and confirmed. Click close on the popup.
  14. Click Add Liquidity which will open your wallet, and show you the details of the liquidity you are sending to the pool, as well as the LP tokens you are receiving. Set your gas fee, and click confirm.
  15. Wait a short amount of time for the transaction to be submitted and confirmed and click close.
  16. Your liquidity has now been added to the pool. You can see details of your positions by looking at the My Liquidity screen within the Pools section of the DEX.

Looking to see the LP tokens in your wallet?

Looking to see the LP tokens in your wallet? Read this article to see how. You can also check using a block explorer such as Etherscan or Polygonscan, enter your wallet address, and choose the Token Transfers screen to see your transaction(s), or the Token Holdings screen to see your balances.

Still need help? Check out our knowledgebase, ask one of our helpful community members on the Stabull Discord, or submit a ticket via our helpdesk to our team for help.

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