Provide SEXP-USDt Liquidity
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1. What You Need to Start:To begin, you'll need two types of tokens:
SEXP token: This is a the token of the SEXP synthetic exchange.
USDt (Tether): This is a stablecoin, meaning its value is tied to the U.S. dollar, so it doesn't fluctuate as much as other cryptocurrencies.
You can buy both of these tokens on Quipuswap, a marketplace for trading cryptocurrencies. In the ghostnet preview, you can also get these tokens from the faucet.2. Providing Liquidity:After you have both SEXP and USDt, you can "provide liquidity" on Quipuswap. This means you're adding your SEXP and USDt tokens to a shared pool (called a liquidity pool) that helps other people trade these tokens more easily.
In return, you'll receive something called LP tokens (Liquidity Provider tokens). These LP tokens are proof that you contributed to the pool, and they represent your share of it.
Adding liquidity is done through the Quipuswap UI, which is currently unavailable on ghostnet. Instead, you can use BCD. To keep things simple for this ghostnet preview, the faucet provides a small amount of LP tokens as well.3. Bonding Your LP Tokens:Now, you can "bond" your LP tokens. Bonding means locking them up for a set period of time—in this case, 2 hours. This period will be longer for the mainnet release.
By doing this, you'll be rewarded with SEXP tokens at a discounted price. This is an incentive for helping out the system by providing liquidity.
Add Quipuswap liquidity on BCD