Data Lake Documentation
  • 🤝Data Lake Introduction
    • 📚History
    • 🤼Founders
  • ❓Problem
  • 💽Data Lake Chain and App
    • 🔗Data Lake Chain
      • 🌉Bridging to Data Lake Chain
      • 🏗️Become a Node Operator
      • 📡How to Connect to the RPC?
      • 📜Contracts
    • 👨‍💻Data Lake App
      • 🖱️Functionalities
      • 🔬Use Cases
      • 🖥️Using the Data Lake Application
        • How to register and log in
        • How to set up an Enterprise
        • How to add Users to your Enterprise
        • How to configure Tags
        • How to create a Survey
        • How to create a Consent
        • How to create a Project Form
        • How to enroll Patients into a Project
        • How to use the Patient Portal
        • Deleting your account
      • 📄Case Studies
  • 👨‍🔬Research
  • 🪙LAKE Token
    • 🛠️Token Utility and Demand
    • ➗Token Distribution and Release Schedule
    • 🖥️Using Data Lake Token dApp
      • 🗳️Claiming Tokens
      • 💱Swapping Tokens into $LAKE
      • 🛒Buying Crypto
      • 🏛️Providing Liquidity
      • ⏰Staking LP Tokens
    • 🎱LP Incentives Program
  • ♻️Ecosystem and Partnerships
    • 🤝Become a Partner!
    • 💝Apply to our Grant program!
  • 🛣️Roadmap
    • 2024
  • 🔒Audits
  • 🌎Social Media Channels
  • 📩Contact
  • ⚖️Legal notice
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  1. LAKE Token
  2. Using Data Lake Token dApp

Providing Liquidity

Last updated 1 year ago

If you wish to provide liquidity for $LAKE token in the ETH-LAKE pool, you can use the "PROVIDE LIQUIDITY" section and option on our token application.

By providing liquidity, you acknowledge the risks connected with doing so. Providing liquidity is NOT for everybody, as it comes with risks such as impermanent loss — risks as well as eligibility criteria are detailed in , that need to be approved before participating in our Program. In particular please note that this Program is not for consumers, but for professionals conducting business activities in crypto.

Unless you opt for advanced settings, your liquidity will be set in a full range.

The process consists of:

  • Approving WETH / LAKE

  • Wrapping ETH into WETH

  • Providing LP

This process can take up to 4 wallet confirmations. In case you exit the process at any of the above-mentioned steps, you might have to repeat the process or complete it on Uniswap.

In case you exit the process on the Wrapping ETH step, you will need to finish the provision of LP on Uniswap, as Data Lake Token Application only sees your ETH tokens and when wrapping, directly requests the amount of wrapped tokens to be sent to the LP.

❌ Removing Liquidity:

If you wish to remove your liquidity, you can use the "REMOVE LIQUIDITY" option under "PROVIDE LIQUIDITY", where you have to click the position you want to remove. By doing this and confirming transaction your tokens will be returned to your wallet including rewards earn from LP provision.

If this happens, visit and finish providing liquidity in WETH-LAKE pool.

Learn more about concentrated liquidity:

Learn about impermanent loss:

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Uniswap - Pools
T&C
Concentrated Liquidity | Uniswap
Impermanent Loss Explained | Binance AcademyBinance Academy
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