Provide DEX liquidity
Liquidity providers can choose between low-risk, single-sided Swap Pools or a specialized Backstop Pool. The Backstop Pool offers higher returns while having residual IL and other system risks.
Last updated
Liquidity providers can choose between low-risk, single-sided Swap Pools or a specialized Backstop Pool. The Backstop Pool offers higher returns while having residual IL and other system risks.
Last updated
Read more in Pendulum Docs
USDC.axl liquidity is used to SWAP in and out USD-Stablecoins for users of EVM-compatible networks.
If you want to provide liquidity as an EVM user, you can easily transfer and swap any supported asset from any supported network (Base, Polygon, BSC, Ethereum, Arbitrum, etc. ) to USDC.axl on Moonbeam via Squidrouter APP.
You can then transfer those assets to the Pendulum parachain via the Moonbeam App. You might need $PEN and $GLMR as gas tokens to execute those transactions.
For $GLMR, head over to Squidrouter APP and choose GLMR token as the destination.
For $PEN pls. setup a Polkadot wallet (DOCS) and check out the options on the Pendulum Portal to fund your wallet.
You have got USDC.axl on Pendulum and some $PEN tokens for gas, then you are ready to go and deposit USDC.axl liquidity by hitting Deposit at the currency pool.
If your Polkadot wallet does not show the balance of USDC.axl on Pendulum, you can check the balance with the Pendulum Dashboard view