CoinEx | How to Earn Easy Profits in CoinEx AMM Markets
In the previous article, we mentioned the advantages of CoinEx’s AMM markets, including automated market making, daily profits, free deposits/withdrawals, etc. On CoinEx, retail users only need to hold $200 to engage in AMM and provide liquidity while receiving transaction fee distributions from the platform. Today, we will show you how to earn easy profits in CoinEx AMM markets in three simple steps!
I. Log in to your AMM Account or go to the Exchange Liquidity Pool
1. First of all, you’ll need to visit the CoinEx website (https://www.coinex.com). After logging in to your account, click on [AMM] under [Assets] in the upper-right corner of the homepage. The AMM page shows all AMM markets, covering information such as their total liquidity, 7 days’ value, and APY (Figure 1 & Figure 2).
2. Choose the target market in the AMM Markets list, and click [Add] to provide liquidity. Here, we will use the CET/USDT market as an example. It should be noted that users receive 100% of the transaction fees generated in all CET markets. In addition, you can also choose the CET/USDT market and enter the liquidity pool on the [Exchange] page.
Figure 3 shows how liquidity can be added through the [AMM Markets] list in [AMM], while Figure 4 illustrates where you can find the Liquidity Pool on the right side of the [Exchange] page. You can participate in AMM either way; it all depends on your habits.
II. Add Liquidity
1. Adding liquidity is the most critical step! In a CoinEx AMM market, you only need to enter the quantity of one asset to be injected, and the quantity of the other asset will be calculated automatically. Here, we entered the quantity of CET, and the system will automatically calculate the quantity of USDT to be provided. After confirmation, you can click on [Add] to provide liquidity (Figure 5).
2. Once the above steps are completed, liquidity is provided. However, it should be noted that you must provide at least $200 in assets whenever participating in an AMM market on CoinEx. Moreover, the liquidity of trading pairs cannot be removed within 24 hours after addition.
III. Remove Liquidity
Like the addition of liquidity, removing liquidity is also very simple! You can remove liquidity directly at the Liquidity Pool (Figure 6) or [AMM Markets] (Figure 7), but it is noteworthy that liquidity is only available for withdrawal all at once.
Finally, don’t forget to check the profits you earned on the [AMM] page!
If you hold both USDT and CET, then CoinEx AMM could be a great investment choice. Instead of letting your assets stay idle, why not inject them into CoinEx AMM markets and receive daily profits through simple operations & flexible deposits/withdrawals? At last, it should be stressed that users could get 100% of the transaction fees generated in all CET AMM markets, while the ratio in other AMM markets stands at only 50%.
Note: The above example may not be relied on as an investment advice.