Depositing into a CryptoSwap-pool

Cryptoswap pools contain two volatile assets and are designed to offer deep liquidity for a wide variety of assets with different levels of volatility.

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Depositing into the pool

Visit the deposit page (still in beta) :

http://app.bitdrome.finance/#/bevm/pools/factory-stable-ng-1/deposit

You will need at least one of the two tokens in the pool to deposit. WBTC/USDT-Pool consists of WBTC and USDT.

First, it's important to understand that you don't have to deposit both coins, you can deposit one or both of the coins in the pool and it won't affect your returns. Depositing the coin with the smallest share in the pool will result in a small positive price impact. Since crypto pools have a rebalancing mechanism, the balances of the pool should be relatively equal.

Second, once you deposit one coin, it gets split over the two different coins in the pool which means you now have exposure to all of them. The first checkbox (Add all coins in a balanced proportion) allows you to deposit both coins in the same proportion they currently are in the pool, resulting in no price impact.

You will be asked to approve the contract, follow by a deposit transaction which will deposit your tokens into the pool.

After depositing in the pool, you receive liquidity provider (LP) tokens. They represent your share of ownership in the pool.

Once that's done, you're providing liquidity so all that's left to do is wait for your future $BITO emission.