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How to stake your LP tokens on Pablo

Providing liquidity on a decentralized exchange (DEX) like Pablo can be a way to earn passive income by providing assets to liquidity pools. Here is a guide on how to provide liquidity on the Pablo DEX.

The Picasso Council has proposed a fee of 0.3% for the inaugural pools. Users who provide liquidity to these pools can earn a share of the fees that the pools generate. The fees for swapping, buying or selling tokens are calculated as a percentage of the swap size and are distributed among liquidity providers based on their share of the pool.

To learn how to swap tokens on Pablo, you can follow a step-by-step tutorial provided in this guide.

How to provide liquidity​

  1. On app.pablo.finance, connect your wallet and navigate to the "Provide liquidity" page. Select one of the available pools; this guide will use the PICA/KSM pool as an example.

pool_page

  1. On the overview of the selected pool, Click 'Add liquidity'.

pica_ksm_pool

  1. Enter the amount of Token A. Please note that an equal amount for the corresponding asset paired (Token B) will be automatically calculated. Once you've entered the amounts, click on "Add liquidity".

transaction_details

  1. Review transaction details in the pop-up and click "Confirm". You will be asked to sign the transaction using your password.

confirm_supply

info

The notification "Transaction in progress" will appear as the transaction is being processed. Once confirmed, users can be redirected to view their transaction on Subscan by clicking the 'click to view' in the notification.

transaction_finalized

  1. You have successfully provided liquidity on Pablo. To start earning staking rewards on your LP tokens, head back to the pool overview page and select "Stake".

stake_mission_start

  1. Enter the amount of LP tokens you wish to stake and confirm your stake by pressing "Stake PICA-KSM" (PICA-KSM is the liquidity pool used in this example). You will be asked to sign the transaction using your password.

stake_mission_accomplished

A transaction success notification will appear where you can be redirected to view your transaction on Subscan. Congratulations, you have now staked your LP tokens to earn rewards.