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Things You Need to Know about CoinEx: How to Join in CoinEx AMM? Steps to Add Liquidity!

2023-07-14 07:08:47

AMM characteristics

Let’s start with the introduction of three major characteristics of AMM.

1. Automatic market making to make profits

After the user provides liquidity, the funds will be deposited in the liquidity pool for automatic market making, and 60% of the transaction fee paid by all trading users (100% in the CET/USDT market) will be allocated to all liquidity providers according to the proportion of their shares in the liquidity pool.

2. Daily income accumulated to be withdrawn all at once

The income from transaction fees earned in the market-making account is calculated once a day and is automatically deposited into the market-making account. You can get all the cumulative income when removing liquidity.

3. Liquidity adding and removal are free of charge

The assets can be transferred in real time between the spot account and the market-making account by adding and removing liquidity, free of charge.

In this article, we will share details about the ways to join CoinEx AMM and how to add and remove liquidity.

How to Join in CoinEx AMM?

1. Add liquidity to the CoinEx AMM market

Visit www.coinex.com in an explorer, and after successfully logging in, click [Exchange] on the top navigation bar to enter the spot trading area:

Click [Exchange] on the top navigation bar

As mentioned in the previous article, currently CoinEx has included 168 trading pairs in the whitelist of its AMM market, including CET/USDT, LBC/USDT, AYA/USDT, FCH/USDT, and TRTL/USDT. Now we take CET/USDT as an example to demonstrate the operation:

Find the [Liquidity Pool] entry on the right of the trading market, and click [Add];

Find the [Liquidity Pool] and click [Add]

On the [Add Liquidity] page, enter the amount of assets to be deposited in the liquidity pool, and click [Add] after confirmation;

Enter the amount of assets on the [Add Liquidity] page

After completing the above steps, congratulations, you have successfully added liquidity.

Added liquidity successfully

2. Remove liquidity from the CoinEx AMM market

Where there is adding, there is removal. Now let me tell you how to remove liquidity from the CoinEx AMM market.

Similarly, visit www.coinex.com in an explorer, and after successfully logging in, click [Exchange] on the top navigation bar to enter the spot trading area;

Click [Exchange] on the top navigation bar

We still use CET/USDT as an example to demonstrate the operation:

Click [Remove] at the [Liquidity Pool] on the right of the trading market;

Click [Remove] at the [Liquidity Pool]

Then on the [Remove Liquidity] page, click [Remove All]. Here is a special reminder: you have to remove the liquidity all at once.

Click [Remove All] on the [Remove Liquidity] page

After completing the above steps, congratulations again, you have successfully removed liquidity.

3. View AMM market-making records

In the [Assets] drop-down menu in the upper right corner of the homepage, select [AMM Account];

Select [AMM Account] under Assets on the top of the homepage

Now you can view your market making details on the [AMM Account] page.

View details on the [AMM Account] page

Well, that’s all for the tutorial. Now join CoinEx AMM and become one of our market makers.


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