With powerful new decentralized finance tools, it's now possible to easily earn profits by providing funds for decentralized exchanges to operate, this process is called providing liquidity.
For the decentralized exchanges to operate they need funds to facilitate trades. By providing funds into these systems you are able to earn a percentage of all the trading fees collected.
This process is automatic and anonymous and can done using the simple process shown below.
First, go to pancake swap liquidity page:
https://pancakeswap.finance/liquidity
Click on the add liquidity button.
On the next page you can choose the two currencies to pair, for our example we will use GRLLA and BNB.
First choose the amount of BNB you want to input, pancake swap will then automatically tell you how much GRLLA you will need. The rate is set at 50m GRLLA per 1 BNB, the starting marketcap of GRLLA which is 100,000 USD.
Once you have chosen the amount of BNB and the GRLLA total has been calculated, click supply.
One you click supply, a notification will appear, confirming your deposit and showing you how many LP tokens you will receive.
Click confirm supply, and meta mask will ask you to confirm the transaction.
When you have completed the process, you should see your GRLLA/BNB LP token count, as shown below.
Click on the drop down menu to bring up more information about your holdings.
Each time someone trades on pancake swap you will earn both BNB and GRLLA tokens.
The current APY (annual percentage yield) for GRLLA/BNB is currently around 66% yearly, although this number will change over time based on the trading volume and the amount of users providing liquidity.
Token website - https://grlla.io
Telegram - https://t.me/GRLLAGANG
https://twitter.com/grllatoken
Medium - https://medium.com/@grllatoken
Instagram - https://www.instagram.com/grllatoken/
Minds - https://www.minds.com/grllatoken/
Publish0x - https://www.publish0x.com/grllatoken
