Providing and Withdrawing Liquidity
To earn both interest income and trading fee rewards on Birdieswap, you’ll need to provide liquidity.
At first glance, liquidity provision might seem complex — but in practice, it’s very simple and straightforward. Through this tutorial, you’ll learn how to start providing liquidity and begin enjoying the two types of rewards Birdieswap offers.
Selecting a Pool for Liquidity Provision
The most important — and sometimes the hardest — part of providing liquidity is choosing which pool to supply.
Click the FARM button to open the Farm List Table, then browse through the available pools. Once you’ve decided which pool you want to provide liquidity to, simply click that row to open the Farm Detail window.
That’s it — the most difficult step is already done! From here, you can proceed to supply liquidity directly within the selected pool and start earning your rewards.
Providing Liquidity
1. Setting Up Liquidity Provision
Once you’ve decided which pool to provide liquidity to, follow these steps to configure your initial setup:
① Click the selected liquidity pool in the Farm List Table to open the Farm Detail window. ② Liquidity provision is performed in the Start Tab.
Make sure the active tab is Start. If it isn’t, click the Start Tab to switch. ③ If the selected pool includes ETH, choose whether to provide liquidity using ETH or WETH by clicking your preferred option.
In this tutorial, we’ll select WETH.
If the pool does not contain ETH, this slider will not appear. ④ Enter the amount of tokens you want to provide in the input field.
When you enter a value for one token, the other is automatically calculated to maintain a 1:1 value ratio. ⑤ Click Max to automatically set the input based on the maximum amount of the token with the lower total value in your wallet.
In this tutorial example, we’ll enter 0.5 WETH as the amount to provide.
2. Approving Token Usage
Because liquidity provision requires two tokens, you’ll need to approve each one before proceeding.
The approval process is identical to “2. Approving Token Usage” in the Swapping Tokens section, so you can refer there for details.
After both tokens are approved, the lock icons and Approve Buttons will disappear from the input fields, and the Start Farming Button will become active.
3. Providing Liquidity
Once setup and approvals are complete, you can now proceed with the actual liquidity provision:
① Click the Start Farming Button. ② The Transaction Status Pop-over will appear, showing “Confirm Transaction in Wallet” along with your selected liquidity parameters.
Your connected wallet will automatically prompt a transaction request for liquidity provision. ③ In your wallet, review the transaction request window.
It will show the expected changes, including the liquidity amounts you’re adding and the LP Tokens you’ll receive.
After reviewing, click the Confirm Button in the lower-right corner. ④ Once confirmed, the wallet window closes and the pop-over updates to “Transaction Submitted.”
Click View on Explorer to monitor transaction progress and details. ⑤ When the transaction is confirmed, the pop-over changes to “Success!”, completing the liquidity provision.
The displayed value now shows the actual LP Token amount received after the transaction is finalized.
You can review the full transaction on the blockchain explorer, and by clicking “Add Birdieswap USDC 3000 WETH to wallet”, you can register the LP Token in your wallet for easy tracking.
Withdrawing Liquidity
1. Setting Up Liquidity Withdrawal
To withdraw liquidity from a pool, open the Farm Detail view of the desired pool and click the Stop Tab. Then follow these steps:
① If the selected pool includes ETH, choose whether to receive your withdrawn tokens as ETH or WETH by clicking your preferred option.
In this tutorial, we’ll select WETH for demonstration.
If the pool does not include ETH, this slider option will not appear.
② Enter the amount of liquidity you want to withdraw in the input field.
When you enter a value, the Receive Summary Box below automatically calculates and displays the expected token amounts you will receive.
③ Click Max to automatically input your entire LP Token balance.
④ If necessary, click the Approve Button to grant permission for your LP Tokens to be used in the withdrawal.
The approval process is identical to “2. Approving Token Usage” in the Swapping Tokens section, so refer there if needed.
We’ll skip the detailed explanation here.
2. Executing the Liquidity Withdrawal
Once your settings and approvals are complete, you can proceed with the actual liquidity withdrawal by following these steps:
① Click the Stop Farming Button. ② The Transaction Status Pop-over will appear, showing “Confirm Transaction in Wallet” along with your configured withdrawal details.
Your connected wallet will automatically prompt a transaction request for the liquidity withdrawal.
③ In your wallet, review the transaction request window.
It will display the expected output values based on your withdrawal settings, including the tokens you will receive.
After confirming the details, click the Confirm Button in the lower-right corner.
④ Once confirmed, your wallet window will close and the pop-over will update to “Transaction Submitted.”
Click View on Explorer to track transaction progress and details on the blockchain.
⑤ When the transaction is complete, the pop-over changes to “Success!”, confirming that the withdrawal has been finalized.
The displayed value now shows the actual amount of tokens received after the transaction.
You can also verify all transaction details on the blockchain explorer.
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