Provide and Manage Liquidity
Become a Liquidity Provider
Becoming a liquidity provider is very easy and straightforward:
Go to the pools page.
Select the pool in which you want to deposit your funds.
Select "deposit" and insert the desired quantity in the asset the pool is denominated (in units, not stroops).
Confirm the transaction on your wallet, and wait for the confirmation dialogue to display success (or any potential error).
Now you're officially a xycLoans lender!
Managing Positions
The webapp's home page allows you to track all the pools you are a lender on:
Once you're a lender for a pool, you can perform a variety of actions to manage your liquidity:
Deposit more liquidity.
Withdraw all/part of your position.
Update your rewards.
Collect your rewards.
Withdrawals
Withdrawing can be done similarly to depositing, by navigating to the specific pool's page and selecting the "Withdraw" (next to "Deposit"), entering the desired amount and clicking the withdraw button.
Withdrawing liquidity from your position means that you will in proportion start generating less yield.
Updating Rewards
As a liquidity provider, you earn yield for every borrow that takes place within the pools you are a lender of. However, in order to collect your rewards, you first need to update the rewards.
Collecting Rewards
Collecting rewards is what actually transfers the yield to your account, and can be done from the specific pool's page.
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