🟢Redeeming Liquidity
Last updated
Last updated
Xfai has two forms of liquidity provisioning: Two-sided liquidity provisioning and Infinity Staking. When a user performs two-sided liquidity provisioning, they receive an ERC20 liquidity token. That token can at any time be redeemed for the underlying liquidity plus any accumulated fees.
Note, in two-sided liquidity provisioning, the underlying liquidity can always be redeemed. In Infinity Staking, it cannot. In two-sided liquidity provisioning, impermanent loss can occur.
Xfai enables users to redeem their liquidity tokens at any time. To redeem liquidity:
Make sure that you are on the Liquidity tab of the Xfai app and have your wallet connected. For more details on how to connect your wallet, check this guide.
Click on the Manage Liquidity button on the page.
Select one of the listed liquidity tokens.
Click on the Redeem button of the liquidity token.
Specify a secondary token to exit from.
Give Xfai permission to use your liquidity tokens.
Set the amount you wish to redeem.
Click on the Confirm button.
Once the transaction is accepted, click on the Done button to get back to the Xfai app.