Solana Blockchain Event City

Adding Liquidity to Celtic Token

Creating a liquidity pair for the Celtic Bards Token on Raydium is a straightforward process that enables you to contribute to the token’s ecosystem and potentially earn trading fees in return. Here’s a step-by-step guide to help you add liquidity to the Celtic Bards Token pair using the provided website link.

Step 1: Access Raydium Liquidity Page

Start by navigating to the Raydium liquidity addition page through this direct link: Add Liquidity on Raydium

This link pre-selects the liquidity pair for the Celtic Bards Token and SOL, ensuring you’re adding liquidity to the correct pool.

Step 2: Connect Your Wallet

  • If you haven’t already, ensure your digital wallet (such as Phantom, Sollet, or Solflare) is set up and funded with both SOL and Celtic Bards Tokens.
  • On the Raydium page, click the “Connect Wallet” button usually located at the top right corner of the page.
  • Select your wallet provider from the pop-up and follow the prompts to connect your wallet.

Step 3: Enter the Amount

  • Once your wallet is connected, you’ll be able to add liquidity. Input the amount of Celtic Bards Token you wish to supply. The corresponding amount of SOL (or the other pair token) will automatically be calculated based on the current exchange rate.
  • Ensure you have enough of both tokens in your wallet for the liquidity you wish to provide, as well as a small amount of SOL to cover transaction fees.

Step 4: Approve and Supply

  • After entering the amounts, review the details, including the pool’s exchange rate and your share of the pool.
  • Click the “Supply” or “Add Liquidity” button to proceed.
  • A transaction prompt will appear in your wallet asking you to approve the transaction. Review the details, ensuring everything is correct, and confirm the transaction.
  • You may need to approve a second transaction to finalize adding liquidity.

Step 5: Confirm Your Liquidity Provision

  • Once the transaction(s) have been confirmed on the blockchain, Raydium will update, showing your contribution to the liquidity pool.
  • You can view your liquidity provision and potential rewards on the dashboard or under the “Pools” section of the Raydium website.

Important Notes

  • Risks: Providing liquidity involves risks, including impermanent loss. Make sure you understand these risks before proceeding.
  • Withdrawal: You can withdraw your liquidity at any time by going to the same page, connecting your wallet, and selecting the option to remove your liquidity.

Congratulations! You’ve successfully added liquidity to the Celtic Bards Token pair on Raydium. By doing so, you’re supporting the token’s liquidity and earning a portion of the trading fees. Remember to monitor your investment and adjust your liquidity as needed based on your financial goals and market conditions.