Funding DTUBE / BNB Liquidity On PancakeSwap Using MetaMask
Funding DTube liquidity I consider to be part of my duties as a DTube Leader and in this video I show how it is done with minimal fees thanks to Binance Smart Chain and PancakeSwap. Though I give example of how the process is done this is not financial advice as I am no professional investor.
What Does Funding Liquidity Do?
In short. Providing liquidity takes equal value of DTUBE & BNB adding those funds to the swapping pool which means when swaps are made there is greater liquidity in the pool resulting in less price fluctuations and greater ability to facilitate larger buys and sells with decreased "slippage". I touch on this subject of slippage in video but I did not point out how my issue of failed transactions with limited ETH liquidity on the Binance Smart Chain was a good example of why funding is important.
The importance comes when traders or holders are making their trades and face failed transactions and loss of profits, had those issues been on ETH the cost would not have been something to shrug off. It wasn't on ETH but rather BSC and due to the fact I was taking a routed method of swap it failed. With the reason for failing being the routing in mind I have decided to join the main liquidity pool DTube/BNB started by @Heimindanger rather then trying to start a DTUBE/ETH pool r anything else on the BSC chain.
How To Fund DTube Liquidity
First of all you will need to have MetaMask connected plus BNB & DTUBE available on your wallet with extra BNB for required fees.
- select amounts and submit, check popups and submit, if this is first time using DTUBE on PancakeSwap a spending approval transaction will be broadcast first
- if spending transaction was first then repeat, select amounts and submit
- done
Next Video: Exploring Results of UniSwap Liquidity Funding
I will be exploring this in greater detail on my next video, following up potential ROI and comparing the results to speculations for PancakeSwap.
Previous Video: Swap DTube On PancakeSwap
Find further details on the needed contracts and how to connect MetaMask to Binance Smart Chain
Let Me Know Your Thoughts Down Below!?!?
Is there anything you figure I missed or got wrong? Anything you would like me to cover not previously mentioned? Leave a comment, I read and respond to every single message(that ain't spam) but if you would like to contact me privately the best way is always on discord or email to [email protected]
That's It, @D00k13 OUT!!!
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This wonderful info should be added to coingecko 💜
I believe it will be once all the needed requirements have been met 👍