Things You Need to Know about CoinEx: How to Join in CoinEx AMM? Steps to Add Liquidity!
Let’s start with the introduction of three major characteristics of AMM:
First, automatic market making to make profits
After user provides liquidity, the funds will be deposited in the liquidity pool for automatic market making, and 60% of the transaction fee paid by all trading users (100% in the CET/USDT market) will be allocated to all liquidity providers according to the proportion of their shares in the liquidity pool.
Second, daily income accumulated to be withdrawn all at once
The income from transaction fees earned in the market-making account is calculated once a day, and is automatically deposited into the market-making account. You can get all the cumulative income when removing liquidity.
Third, liquidity adding and removal are free of charge
The assets can be transferred in real time between the spot account and the market-making account by adding and removing liquidity, free of charge.
In this article, we will share details about the ways to join in CoinEx AMM and how to add and remove liquidity.
- Add liquidity to the CoinEx AMM market
First, visit www.coinex.com in an explorer, and after successfully logging in, click [Exchange] on the top navigation bar to enter the spot trading area:
As mentioned in the previous article, currently CoinEx has included 168 trading pairs in the whitelist of its AMM market, including CET/USDT, LBC/USDT, AYA/USDT, FCH/USDT, and TRTL/USDT. Now we take CET/USDT as an example to demonstrate the operation:
Find the [Liquidity Pool] entry on the right of the trading market, and click [Add];
On the [Add Liquidity] page, enter the amount of assets to be deposited in the liquidity pool, and click [Add] after confirmation;
After completing the above steps, congratulations, you have successfully added liquidity.
2. Remove liquidity from the CoinEx AMM market
Where there is adding, there is removal. Now let me tell you how to remove liquidity from the CoinEx AMM market.
Similarly, visit www.coinex.com in an explorer, and after successfully logging in, click [Exchange] on the top navigation bar to enter the spot trading area;
We still use CET/USDT as an example to demonstrate the operation:
Click [Remove] at the [Liquidity Pool] on the right of the trading market;
Then on the [Remove Liquidity] page, click [Remove All]. Here is a special reminder: you have to remove the liquidity all at once.
After completing the above steps, congratulations again, you have successfully removed liquidity.
3. View AMM market making records
In the [Assets] drop-down menu in the upper right corner of the homepage, select [AMM Account];
Now you can view your market making details on the [AMM Account] page.
Well, that’s all for the tutorial. Now join in CoinEx AMM and become one of our market makers.