How to Get Started with Liquidity Mining on Bybit
Here's a step-by-step guide that helps you go through the whole process — add liquidity, remove liquidity and swap your tokens — to make your first liquidity mining trade easier.
On Desktop
Please click on Earn –> Liquidity Mining in the navigation bar to enter the Liquidity Mining page.
Add Liquidity
Step 1: Select a liquidity pool
Browse the available pools under All Pools and choose the one to which you want to add liquidity. Click on Add to enter the Add Liquidity page.
Step 2: Place your liquidity order with the following parameters:
1. Select a liquidity pool
2. (a) Add two tokens to the pool — the system will automatically process conversion to ensure that the two tokens are of equal value when they're added to the liquidity pool, or
(b) Add a single token to the pool — the system will automatically convert half of its value to another token in the pool.
3. Enter your desired amount
4. Choose your prefered leverage
Notes:
— Your principal may be subject to impermanent loss, and the value may fluctuate based on market movements.
— A leverage of 1x indicates that no leverage has been added. Please note that liquidation risks may be incurred if you select a leverage that's higher than 1x.
Step 3: Please double-check the order details you’ve created, and then click on Add Liquidity.
Step 4: Click on Confirm and you’re done.
Please note that your order to add liquidity will be completed within five minutes. If the newly added liquidity is still pending, the liquidity of the corresponding trading pair cannot be removed.
You can click on Back to Homepage to add more liquidity. To check your liquidity, head to the My Liquidity page by clicking View My Liquidity.
From there, you can easily manage your positions — choose to add more liquidity, remove liquidity, swap your tokens, or claim and reinvest your yield, as well as reduce leverage.
Remove Liquidity
Step 1: Head to the My Liquidity page, and then click on More –> Remove to enter the Remove Liquidity page.
Step 2: Select the liquidity pool from which you wish to remove tokens, and check the amount of the two tokens you will receive. Please note that the actual amount of tokens you receive may vary slightly due to price fluctuations.
Step 3: Please double-check the details, and then click on Remove Liquidity.
Step 4: Click on Confirm and you’re done.
Your order to remove liquidity will be completed within five minutes. Please note that the actual number of tokens you receive may vary slightly due to price fluctuations.
Swap Your Tokens
Step 1: Click on Swap in the Liquidity Mining page, select the token you want to swap, and enter your desired amount.
Step 2: Please double-check the details, and then click on Swap.
Your swap order will be completed within seconds. Please note that the actual number of tokens you receive may vary slightly due to price fluctuations.
