Providing liquidity in a pool is the easiest way for users to borrow ADA against their NFTs. At any point, a user with the NFT from the various NFT collections can provide it as collateral to the pool and instantly borrow ADA against their NFT.
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Step by Step Tutorial on How To Create a Liquidity Pool
Follow these step-by-step instructions to set up a liquidity pool for an NFT collection. Users with NFTs in that collection can provide it as collateral and borrow ADA. This provides a nice return for users looking for a higher APR for their ADA and unlocks liquidity for NFT holders who may need it for other DeFi plays or trading.
Total Time: 7 minutes
Click on Liquidity Pools Under Liquidity
Choose a Collection to Provide Liquidity To
Click Add Liquidity
Read Over the Introduction & Instructions
Set the Parameters for Creating the Liquidity Pool
Sign the Transaction and Provide the Required ADA
Success: You have created a Pool
How to Manage Your Liquidity Pool
At any point in time you can manage your pool by withdrawing the liquidity or modifying the parameters against your pool.
Click on View Profile in the top right corner of the screen and then Liquidity Pools.
This will show all the liquidity pool options you have created on the platform.
Withdraw all or modify as required.
