Overview of The Sologenic AMM interface on the XRP Ledger. This video is NOT financial advice. Note: participating in liquidity pools carries the risk of impermanent loss.
Getting Started:
Make sure to have an up-to-date XRPL compatible wallet like the Solodex wallet to interact with the Sologenic Dex. Solodex Wallet Download Link: www.sologenic....
Sologenic Dex Link: sologenic.org/
Connecting Wallet:
Go to Sologenic.org and access the Dex.
Select the "Connect Wallet" button and follow the prompts to connect your wallet to the Dex.
Utilizing The Swap Feature:
Select the tokens you want to swap from the dropdown menu.
Review the price of each asset and available liquidity for the pair.
Enter the amount of the token you want to swap and review the estimated price impact (slippage).
Confirm and sign the transaction with your XRP Ledger wallet to complete the swap.
Adding Liquidity:
Select the "Pools" tab from the Dex.
Choose the pool you want to enter and do due diligence on the tokens in the pool and their issuers.
Choose between single or two-sided deposits.
Enter the desired amount, select "Add Liquidity," and sign the transaction with your wallet.
Removing Liquidity:
Select the "Remove Liquidity" tab.
Choose between one-sided or two-sided removal.
Enter the amount to remove, press "Remove Liquidity," and sign the transaction with your wallet.
Sologenic XLS 30 Article:
/ xls-30-a-quantum-leap-...
This video is NOT financial advice.
Disclaimer:
This video provides information for educational and informational purposes only. The content is not intended to be legal or financial advice, and it should not be construed as such. Users are responsible for conducting their own research and due diligence before engaging in any related activities. Any mention of specific features, functionalities, or processes does not imply ownership, endorsement, or affiliation with Niles RU-vid channel. The information provided in this video may not be comprehensive, and regulations and circumstances may change over time. Users are encouraged to seek independent legal and financial advice before engaging in any of the mentioned or related activities. By watching this video, you acknowledge that Niles is not responsible for any consequences, financial or otherwise, that may arise from your use or interpretation of the information provided.
17 авг 2024