FAQs
You can only acquire LP tokens if you're a liquidity provider. To become one, you need to lock up your crypto assets on DeFi DApps such as Uniswap, Curve or MakerDAO. However, centralized exchanges now offer liquidity provision through CeFi.
How do I get LP tokens to show in MetaMask? ›
Click on 'Import tokens' at the bottom of the window and paste the contract address, that we copied earlier, into the address box. Metamask will recognise the address and, by default, will put CAKE-LP into the Token Symbol box again, because that's what PancakeSwap, via BscScan, tells it to do.
How do I find my liquidity token? ›
Check the market capitalisation
Checking the market capitalisation of a crypto coin is one of the best ways to determine its liquidity. Market capitalisation is the total value of all coins in circulation multiplied by their price per unit.
What is an LP token? ›
LP tokens represent a crypto liquidity provider's share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 USD worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool's LP tokens.
Do LP tokens show in wallet? ›
Click Add Token. Now you will be able to see and manage your LP tokens in your MetaMask wallet. Remember they are ERC20 tokens, so you can transfer them to any Ethereum address.
What is LP token in PancakeSwap? ›
Liquidity provider tokens or LP tokens are tokens issued to liquidity providers on a decentralized exchange (DEX) that run on an automated market maker (AMM) protocol. Uniswap, Sushi and PancakeSwap are some examples of popular DEXs that distribute LP tokens to their liquidity providers.
How do I find my MetaMask token ID? ›
To find the Token Contract Address, you can go to a block explorer like Etherscan. Specifically, you can type in the web address etherscan.io/tokens. You will be given a list where you can search for the specific contract address you are looking for.
How do I find my tokens on my trust wallet? ›
Open Trust Wallet app and press the search icon at the top of the screen. Search for the token and click “Add Custom Token” in the pop-up message. Select the appropriate blockchain network and paste the token address in the designated slot. Input additional details, like the token's name, and then hit “Save.”
How do you create a liquidity token? ›
How to Create a Liquidity Pool
- Choose two coins or tokens that will form a trading pair.
- Specify the necessary amounts of both coins/tokens. ...
- Check the initial prices for each direction, make sure the proportions are correct.
- Press 'Create' and confirm the transaction.
How much is a liquidity token worth? ›
VALUE Price Live Data
The live Value Liquidity price today is $0.307103 USD with a 24-hour trading volume of $875,743 USD. We update our VALUE to USD price in real-time. Value Liquidity is up 9.84% in the last 24 hours. The current CoinMarketCap ranking is #2802, with a live market cap of not available.
After entering equal amounts of GUILD and USDC, you now need to click SUPPLY. You will then receive a prompt in your Metamask/Trustwallet to confirm this. Once you have successfully supplied GUILD and USDC, Uniswap will state the number of LP (liquidity pool) tokens received in return.
How many LP tokens are there? ›
GLP. GMX ecosystem has 2 tokens, $GMX and $GLP. $GLP is a basket of assets used for swaps and leverage trading. It can be minted using any of the assets in the basket and burnt to redeem any of the asset.
Can I burn LP tokens? ›
Anyone can create LP tokens and/or withdraw them or burn them – liquidity providers on exchanges receive LP tokens once they submit a token pair of equal value i.e. a 50:50 balance between an ERC-20 token and a “liquid” token such as Ethereum (ETH) or Tether (USDT).
How do you break LP tokens in PancakeSwap? ›
Withdraw Tokens from Liquidity Pools
- Step 1: Go to PancakeSwap -> Trade -> Liquidity.
- Step 2: Expand the LP pair you would like to withdraw and click "Remove".
- Step 3: Enter amount, approve (if first time withdrawing) and withdraw.
What is the contract address for CAKE LP token? ›
Token is implemented as ERC20 smart contract with address 0x25fd42d82d5c238ee7aa277261aa6ca5bdfe5cd4 .
How do you trade LP tokens on PancakeSwap? ›
How to trade on PancakeSwap
- Create a cryptocurrency wallet. Set up and deposit funds into a wallet like MetaMask or Trust Wallet. ...
- Add funds. ...
- Connect your wallet to PancakeSwap. ...
- Choose the tokens you wish to trade. ...
- Review settings. ...
- Swap!
What is a token ID number? ›
An ID token is a signed assertion of a user's identity that also contains a user's basic profile information, possibly including an email address that has been verified by Google.
How do I get my token contract address MetaMask? ›
Head to the browser, search for your custom token, click on the Fox head logo, and it will be added to your wallet.
- Open your in-app browser.
- Search CoinGecko.
- Search for your custom token.
- Scroll down and retrieve the token's contract address.
- Click the MetaMask fox logo.
- Select “Add Token.”
Where do I find the collectible contract address? ›
You can check the contract address of your assets on Binance NFT and relevant NFT platforms, or on your wallet's Etherscan/BSCscan page under ERC-721/BEP-721 tokens. For example, here is an NFT on the Binance NFT Marketplace. You will see the Contract Address and Token ID under [Details] below the visual of the NFT.
Do LP tokens have a contract address? ›
You'll find your LP tokens in the wallet you used when providing liquidity. You may need to add the LP token's smart contract address to see it in your crypto wallet. Most LP tokens in the DeFi ecosystem can be transferred between wallets, thereby transferring ownership.
Token is implemented as ERC20 smart contract with address 0x25fd42d82d5c238ee7aa277261aa6ca5bdfe5cd4 .
How do you use LP tokens on PancakeSwap? ›
Adding liquidity
- Visit the Liquidity page.
- Click the Add Liquidity button.
- For the top Input, click 'Select a currency'. ...
- For the bottom input, click 'Select a currency'. ...
- Enter an amount on one of the tokens under “Input”. ...
- Click the Enable CAKE button. ...
- The Supply button will then light up.
How do I get claim tokens from contract address? ›
Here are the 5 key steps towards claiming your TRL tokens:
- Go to the Retail round smart contract on etherscan. ...
- Connect your wallet. ...
- Select the appropriate wallet address. ...
- Claim your tokens. ...
- Confirm the transaction using your wallet.
What is contract address and token ID? ›
Contract Address refers to the address where the contract is deployed on the blockchain (e.g., Ethereum), while Token ID refers to this specific NFT. We will use the ERC-721 token as an example. Please choose a compatible network (ETH/BSC) for your NFT, or your asset might be lost and cannot be recovered.