Openocean has a variety of features just for users. Among them is the staking feature which is if two types:
- The single staking
- The liquidity staking
For Liquidity staking to happen, one has to add liquidity on one of the $OOE pairs. Today I’ll be giving you steps on how to add liquidity to your pairs on openocean.
Go to openocean and click “farms" on the navbar
Select farm pools you want to supply liquidity to(any of the pairs with $OOE) and click “Get LP token" to supply and receive the LP tokens
Enter enter the desired amount you wish to supply.
Note: The token pair must be of equal value according to the token pair ratio in the pool. Once you enter the amount of one of the tokens, the system automatically calculates the corresponding amount of the other one make sure you have sufficient amounts in your wallet for the token pair.
Click click “unlock wallet" to connect your wallet to openocean.
Click “supply” . if it is your first time to use the specific token, you need to approve tokens first.
Click “confirm supply"
Confirm the transaction from your wallet
You can click “ view on Bscscan" to check your onchain results after adding your liquidity successfully. You can also view your transaction history in the pool after short while, you will see your LP token balance at the bottom.
Viola!! You’re done. Hope you’ve learnt from this and you can go try it.