TegroFinance guest post: How to add a cryptocurrency to the liquidity pool on DEX TegroFinance

First of all, by adding cryptocurrency to a liquidity pool, you can earn on other people’s transactions on the TON network.

How to make money with liquidity pools

A liquidity pool is a “reservoir” of cryptocurrencies in pairs. A user who buys for TON, for example TGR, will receive TGR tokens from a liquidity pair, and their TON coins will be sent to the pool in return.

Liquidity providers are people who provide liquidity to pools for which they receive a percentage of commissions spent on exchanges in a given pair. Interest is credited to the cryptocurrencies of the trading pair, in our case TGR and TON.

In order to become a liquidity provider, you need to create a LP pair (liquidity pair) in a 50%/50% ratio at DEX Tegro.Finance, e.g. B. a TGR-TON pair.

After that, you will receive a liquidity token to your TON wallet, confirming that you are a liquidity provider. This token can be exchanged back into your cryptocurrency at any time.

What are temporary losses

A temporary loss can occur due to the volatility and change in value of a cryptocurrency relative to the value at which it was purchased.

Example: If the TON coin price increases by 50%, the cryptocurrency TGR in the LP pair decreases by 50%.

Pay attention to the token prices, sometimes it is more profitable to keep the cryptocurrency instead of adding it to the liquidity pool.

Creation of a liquidity pair from the cryptocurrencies TGR and TON

In this article you will learn how to buy TGR tokens.

1. Go to DEX Tegro.Finance and click on “Connect wallet”;

2. Next, select a TON wallet that we will connect to. In our case it’s Tonkeeper, but you can use any other;

3. Now open the “Liquidity” tab and select the amount of TON and TGR to be sent to the liquidity pool (in the TGR column the necessary amount is automatically selected). Then click on “Add Liquidity”;

To start earning tokens on the TON network, you must have TGR and TON cryptocurrencies in a 50%/50% ratio in your TON wallet balance.

4. Click on “Confirm offer”;

5. You have to wait a few seconds;

6. Click on “Confirm”;

7. The TON/TGR liquidity pair was created successfully;

Congratulations, your liquidity pair has been created and you will make a profit on transactions!

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers