How to use 1inch for liquidity provision

1inch Liquidity

Liquidity provision is a way to earn passive income by providing liquidity to a decentralized exchange (DEX). 1inch is a DEX that allows users to trade cryptocurrencies and also provide liquidity. Here’s a step-by-step guide on how to use 1inch for liquidity provision:

  1. Connect your wallet to 1inch: In order to provide liquidity on 1inch, you will need to connect a wallet to your 1inch account. This can be done by going to the “Wallets” page and following the prompts. 1inch supports various wallets, including MetaMask and Ledger.

It’s important to note that liquidity provision can be risky and it’s important to be aware of the risks before providing liquidity. Also, the rewards can be highly volatile and it’s important to always do your own research before providing liquidity.

It’s also important to note that providing liquidity on 1inch is a more advanced way of earning passive income. It is important to understand the concepts of liquidity pools, token pairs and trading pairs before providing liquidity to any exchange.

That’s it! You have successfully provided liquidity on 1inch. Remember that liquidity provision on any decentralized exchange still carries some risks and it’s important to be aware of them, and to always do your own research before providing liquidity.

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