👏Liquidity Pool
When you add liquidity to the pool, you will get LP tokens. A transaction fee of 0.2% will be charged when someone makes a token swap:
0.15% will be returned to liquidity providers as a fee reward out of 0.2%
The liquidity pool will also allow you to stake your LP tokens to earn COBE tokens in the “Farms.” Hence, apart from earning income from token swap transactions, a user can stake LP tokens and earn COBE tokens.
For instance, if you add liquidity to $ARB / $COBE, you will receive ARB - COBE LP tokens. Thenumber of LP tokens you receive represents your share in ARB - COBE liquidity pool. You can always request the withdrawal of your funds by removing your liquidity.
Please note that when adding liquidity, you will need to have a sufficient amount of each token. Let’s say you want to add the following liquidity: 10 ARB / 15 USDT. If you have less than 15 USDT or less than 10 ARB, you will not be able to proceed. You need to have a sufficient amount of each token.
Keep in mind that providing liquidity is subject to impermanent loss and may carry certain risks. Ensure you know all the pros and cons of providing liquidity before taking action.
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