1️⃣ Preparation
- Install a Web3 wallet (MetaMask, Phantom, etc.)
- Fund wallet with:
- Base tokens (e.g., ETH, SOL)
- Token pairs you want to provide
- Gas tokens (ETH for Ethereum, SOL for Solana, etc.)
2️⃣ Access Swap Interface
1. Go to your chosen DEX:
- Uniswap (Ethereum)
- Orca (Solana)
- PancakeSwap (BSC)
2. Connect your wallet
3️⃣ For New Token Pairs (Create Pool)
1. Navigate to "Pool" → "Create Pair"
2. Select two tokens:
- Must both be existing tokens
- Cannot be two stablecoins
3. Set initial parameters:
- Starting price
- Fee tier (typically 0.3% for new pools)
4. Pay pool creation fee (~$50-200 in gas)
4️⃣ Adding Liquidity
1. Find your pool under "Your Liquidity"
2. Click "Add Liquidity"
3. Enter amounts:
- Must maintain ratio based on current price
- Or check "Supply Both Tokens" for auto-calculation
4. Review:
- Share of pool you'll receive
- Price impact
- Slippage tolerance (set 0.5-1%)
5️⃣ Confirm & Execute
1. Click "Supply"
2. Approve two transactions:
- Token approval (first)
- Pool deposit (second)
3. Wait for confirmation (usually <1 min)
6️⃣ Managing Your Position
- Track under "Your Liquidity"
- Features vary by platform:
- Uniswap V3: Adjust price ranges
- PancakeSwap: Earn CAKE rewards
- Orca Whirlpools: Concentrated liquidity
⚠️ Critical Warnings
- Impermanent Loss Risk: Can lose up to 100% vs holding
- New Pool Risks: Low volume may mean high slippage
- Scam Tokens: Verify contract addresses
💡 Pro Tips
- Start with small amounts to test
- Use established token pairs first
- Consider stablecoin pairs for lower risk
- Monitor your positions regularly
