DeFi on TokenPocket | How to Add Liquidity on Uniswap
Author: TokenPocket team
Translator: Jade
Censorship resistance is one of the most vital characteristics of Uniswap, which means that there is no barrier when a user desires to list a token on it.
Censorship resistance is rare among even decentralized exchanges, as although they won’t charge for listing a token, the user will still have to submit an application and get approval from the operations team to get his or her token listed. However, with Uniswap, you don’t have to go through these processes.
Today, we are gonna show you how to create add liquidity on Uniswap with TokenPocket.
How to Add Liquidity?
Search [Uniswap] on the Discover or tap Uniswap, then switch to Pool, you can see the [Add Liquidity] button, tap it to add liquidity.
Unfold the token lists to see the full supported coins, pick the target token into the pol, or you can paste the token name/contracts.
Users need to provide liquidity by injecting initial funds into the trading pair when setting up the initial pool. After the setting, tap on Approve and finish the wallet permission.
You will see Pending on the top right of the page and the transaction details if you tap on it. Upon the completion of the transaction, select Supply to transfer ETH and the new token into the pool. Tap on Create Pool & Supply to finish the last step — wallet permission.
What needs to be addressed here is that the final on-chain migration process will consume a relatively big amount of Gas fees. After the completion of listing, you can search for the contract and start swapping in Uniswap.
Note
The tutorial aims to show users the unique characteristic of Uniswap — censorship resistance, by demonstrating the whole process with pictures and instruction.
Start your journey of discovery
- Download TokenPocket from App Store or Google Play
- Go to [Discover] and search for [DApps]
