Step-by-Step Guide to Volatility Vaults

  1. Access the Liquidity Interface:

    Start by navigating to the SmarDex "Liquidity" panel from the menu

    0 - home.png

    0 - liquidity-menu-panel.png

  2. Connect Your Wallet:

    Click on 'Connect Wallet'.
    Choose your preferred wallet (e.g., MetaMask, Coinbase Wallet) from the list and connect it to the platform.

    1 - liquidity-connect.png

    1 - liquidity-connect-panel.png

  3. Open a new position:

    Click on "New Position" button to access the Volatility Vault liquidity providing panel.

    2 - new-position.png

  4. Select the desired chain :

    Use the interface to select the blockchain chain on which you wish to perform the provision.
    Depending on your selected chain, you may have to "Swich Chain" for the corresponding chain.

    3 - chain.png
     
    3 - switch-chain.png
     

  5. Choose your Pair of Tokens: 

    Select the pair tokens you want to add to the Volatility Vault from your wallet and ensure you have enough balance to cover the transaction and gas fees.

    4 - token.png
     
    4 - token-panel.png

  6. Chose the amount you want to add to the Volatility Vault:

    Unlike other DEXs where an equal 50/50 contribution is required, at SmarDex, thanks to our algorithm that reduces IL, the token contribution can be unbalanced. For example, to contribute $2500 in liquidity, the distribution might require $1500 in SDEX and $1000 in USDC.


    5 -amount.png

    Quick tip: Knowing the exact amount of each token to add to our Volatility Vaults at any moment can be challenging. That's why, if you have sufficient quantities of both tokens you wish to add, you can utilize our 'Max' buttons to determine the correct amount of tokens to contribute. If it indicates 'Balance too low', then click the 'Max' button for the second token, you'll be able to add liquidity.

  7. If required, approve the token smart contract:

    For your first interaction with a new token, you have first to approve the connection between your wallet and the token’s smart contract to proceed securely. Click on 'Approve', set the spending limit, and confirm the approval on your wallet.

    If required, do the same operation for the second token.

     

    6 - approve.png
      
  8. Confirm the transaction
    Click on the "Add liquidity" and confirm the transaction on your wallet to execute the provision.
    Your liquidity will appear on the main Volatility Vault page

    7 - confirm.png

    7 - success.png

Was this article helpful?

/