Did you know you can earn passive income on practically any coin you purchase? We are going to explain how to utilize your $CARS token to earn passive income on 9mm dex.
We assume you already own some $CARS. If not, you can buy some here.
- Open your browser (metamask or wallet browser for phone) and go to www.dex.9mm.pro
- Open the pools tab and press the “Add Liquidity” button
3. From here, you can select the pair of tokens you want to provide liquidity for. Let’s choose pls and cars, since pls is the main token traded on PulseChain.
4. You will see a chart below the pair which indicates the current price by the dotted line. By moving the bar on the left, you select the minimum price. The bar on the right is the maximum price.
By being in the current price range of the token, you earn a portion of the trading fees. You can manipulate the percentage of each side of the pair (pls and cars) you want to add to the pool.
If you move the bar on the left past the dotted line, and you will only need to add $CARS with no pls. This is called single sided liquidity.
You can select a range all the way up to infinity. But the more concentrated your liquidity is, the more fees you earn.
If the price moves further than your range, all of your $CARS will be sold into pls. This is a way to exit without suffering slippage and also earning fees along the way.
5. Select how much pls or $CARS you would like to add, then enable $CARS. Finally, press add.
Once people begin trading within your range, you will begin to earn fees. Congrats! You just learned how to provide liquidity and earn passive income with your $CARS or any token on the blockchain!
