How to Provide Liquidity on PancakeSwap
By Popular Request
At the community’s request, the EagleEye Team prepared this tutorial to help users provide liquidity for the EagleEye Token on PancakeSwap. Providing liquidity comes with benefits for both users and the project itself. Users that provide liquidity receive 0.17% of each transaction, proportional to their overall contribution to the liquidity pool.
The project benefits by increased liquidity, thereby decreasing the price impact of any given transaction on the overall price of the token. The EagleEye Team supports users providing liquidity on PancakeSwap and appreciates the commitment and support of our community.
The first step involves opening the PancakeSwap website. Always ensure that you are at the legitimate PancakeSwap website — malicious actors frequently set up fake variants of the site. The official site is https://pancakeswap.finance
Once you’ve accessed the site, open the ‘Trade’ dropdown, and select the ‘Liquidity’ option as shown in Step 1.
This will open a window showing the liquidity you are currently providing. Select ‘+ Add Liquidity’ to proceed as shown in Step 2.
The next screen allows you to choose the token pair that you will provide liquidity for. In this example, we are using BUSD and EAGLEEYE. If you have EagleEye imported into PancakeSwap already, you may choose it from the dropdown list. If not, you will have to import the contract as show in Step 3b. Once you’ve selected both tokens, you must allow PancakeSwap access to both using the ‘Enable BUSD’ and ‘Enable EagleEye’ buttons as shown in Step 3.
Once you’ve enabled both tokens, you can proceed to ‘Supply’ them to the liquidity pool as show in Step 4.
You will receive a CAKE-LP token in return that entitle you to remove your tokens at any time, without loss, while also accruing transaction fees as stated above. You may always view your current liquidity contribution from the Trade -> Liquidity dropdown on PancakeSwap as shown in Step 5.
Congratulations, you’ve now provided liquidity to the BUSD/EagleEye pairing and the team thanks you for doing so!