How to Add & Remove Liquidity to ZKSwap

⚠Adding liquidity value has to be no less than 10 USDT each time; Remove liquidity value has to be no less than 10 USDT each time.

Step 1:

Click “L2 Pool” on the homepage and click “Add Liquidity”

Step 2:

Select tokens for the liquidity pair and enter amounts; click “Supply” and confirm the Metamask Popup;

Step 3

Check your liquidity details in “My Pool.” Adding liquidity confirmation normally takes 5s — 2 min depending on the layer2 network.

Remove liquidity

Step 1 Go to “My Pool” and click the minus icon.

Step 2 Select removal percentage and click “Remove” to proceed.

Step 3 Sign the Metamask popup and confirm the transaction.

Step 4 Liquidity removal completes;

Check liquidity history at the Pool page.

Check layer2 transactions at the ZKSwap explorer: https://zkswap.info/en

FAQs:

1. What determines the price?

Prices are determined using the automated market maker model as Uniswap.

2. What tokens does ZKSwap support?

Currently, ZKSwap supports layer2 transactions of 30 currencies, including ZKS, ETH, USDC, WBTC, HBTC, SUSHI, UNI, 1INCH, LON, WQTUM, AAVE, LRC, ALPHA, DODO, CREAM, YFI, GT, MX, SNX, RUNE, MKR, LINK, BNB, HT, OKB, REN, YFII, BADGER, DAI, and USDT.

3. What is ZKSwap?

ZKSwpa is an AMM model layer2 dex based on Practical ZK-Rollups solution, the ZKSpeed Protocol, with full Uniswap functionality but 100x faster, with zero gas fee for l2 transactions and real-time confirmation.

4. Do I need to register an account to use ZKSwap?

Users do not need to register an account; they can use ZKSwap with a MetaMask wallet; MetaMask Wallet download address: https://metamask.io/download.html

5. How to create a new trading pair?

Currently, ZKSwap does not support users to create trading pairs on their own. In the future, it will be open to community voting.

6. How is the proportion of tokens added/removed from the fund pool calculated?

When adding/removing liquidity to an existing pool, users must deposit pair tokens proportional to the current ratio.

7. What is the initial price of a liquidity pool?

The initial price is determined by the first user who injects liquidity into the liquidity pool. If the price is unreasonable, other users will arbitrage for profit to drive the price close to the market price.

8. Does ZKSwap charge a transaction fee?

The ZKSwap protocol will charge 0.3% of all layer-2 swap transactions as the transaction fee. Among them, 0.25% will be automatically allocated to the liquidity provider, and the other 0.05% will be used as the protocol fee. All protocol fees (100%) will be used to buy back ZKS regularly, the ZKS obtained will be directly destroyed, and ZKSwap officials will not receive any transaction fees.

9. What is the minimum value for one deposit, transfer, swap, adding/removing liquidity transaction on ZKSwap?

The minimum deposit value to L2 is 50 ZKS or 200 USDT; L2 transfer requires a minimum balance of 50 ZKS or 200 USDT; The value of one swap transaction has to be no less than 10 USDT. Adjust the slippage tolerance if the swap fails. Adding liquidity value has to be no less than 10 USDT each time; Remove liquidity value has to be no less than 10 USDT each time;

You can reach us here:

1. ZKSwap Official Website: https://zks.org/en
2. ZKSwap APP: https://zkswap.app
3. ZKSwap Twitter: https://twitter.com/ZKSwapOfficial
4. ZKSwap Discord: https://discord.gg/ZRxS8fYTDv
5. ZKSwap Github page: https://github.com/l2labs
6. ZKSwap Official Telegram group: https://t.me/zkswapofficialZKSwap Official