Learn with Alium: Liquidity Migration & How to Use It
Crypto swapping is a more effective means of obtaining the currency you want immediately. AliumSwap will make this option available to its consumers to make trading as simple as feasible. It brings DeFi solutions to the market. Multi-chain DEX, hybrid liquidity feature, cross-chain swaps, unique staking alternatives and NFTs. AliumSwap simplifies your job and makes you less reliant on rates.
AliumSwap provides an all-in-one liquidity features platform to boost your experience while exchanging one coin or token for another. From earning passive income to liquidity migration, there are many possible investing and income opportunities for those interested.
Starting from the 29th of July, 2021, our product development team was delighted to announce the ‘Liquidity Migration’ function on the platform. An excellent question to ask is, “What is liquidity migration?”
About Liquidity Migration
Liquidity migration is an ideal approach for retail consumers to generate extra money. If you have ever acquired or owned a coin in a protocol, you may be interested in liquidity migration and wish to shift your stake.
AliumSwap provides a migrator mission for your position, allowing your assets to be transferred from one protocol to another in a single transaction. In a nutshell, the migrator function eliminates additional essential transactions, allowing the procedure to be completed in a single step.
The introduction of the given function on the AliumSwap is needed to allow users to easily transfer their liquidity from other DEXs to AliumSwap with a greater degree of convenience and profitability.
Here is the list of supported DEXes on AliumSwap:
BNB Chain: Pancakeswap, Bakeryswap, Biswap, MDEX, Pantherswap, Apeswap
Polygon Chain: Quickswap, CatFactory, Honeyswap, Firebird Finance, Dfyn Network, Polycat finance
Ethereum: Uniswap V2, Sushiswap
Fantom: Spirit Swap, Spookyswap
Metis Andromeda: Netswap, Tethys.finance
Near Aurora: dodoex.io, NearPad
Before you will start to migrate your liquidity, you need to make sure that you have a pair in a liquidity pool on a supported DEX.
How to Migrate Liquidity
For example, we have USDT/BUSD pair on PancakeSwap and we would like to migrate our liquidity to AliumSwap
Once you make sure that you have a pair in a liquidity pool, you can proceed with the following steps:
Step 1. Go to AliumSwap DEX and choose ‘Migrate’
Step 2. Press ‘Connect’ and Connect your wallet
Step 3. Choose your liquidity pair in the dropdown menu
Step 4. Enter the amount of tokens and press ‘Migrate’
After the transaction, your liquidity will be moved to AliumSwap Multi-chain DEX.
Remember that if your transaction didn’t go through, you need to try to increase the amount of gas.
Learn more about AliumSwap from our official channels:
Official Website https://alium.finance/
Telegram Chat: https://t.me/aliumswap_official