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How to Manage Bancor Pool Tokens in Paraswap

Paraswap has integrated the Bancor Protocol to enable users to add liquidity to a Bancor liquidity pool and optimize their pools holdings. 

Follow this guide explaining how to add liquidity to a Bancor pool on Paraswap:

1. Go to https://paraswap.io/#/

2. Go to "Trade" and then select "Earn"

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3. Select a pool to supply liquidity to 

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4. Select the amount of liquidity you would like to add on either side of the pool (25%, 50%, 100% of your holdings, or a custom amount). 

You have the option to add liquidity in one token (the token you're adding liquidity to, in this case, DAI) or in two (the token you're adding liquidity to and the base token, in this case, DAI and USDB). 

Warning: Adding liquidity in one token can cause the pool to become unbalanced and result in higher slippage compared to adding liquidity in two tokens.

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5. After selecting the amounts, you must "unlock" the tokens to proceed by clicking the lock icon:screen4.png

For each token, a MetaMask prompt will ask for approval; click confirm:

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6. Once both tokens are approved, click Supply DAI-USDB:

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A MetaMask prompt will load with the transaction details; click confirm:

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Once confirmed, you will see a confirmation message:

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You can view your pool holdings in your Paraswap wallet: https://paraswap.io/#/account

For additional statistics on your pool holdings, check out Zerion.

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Disclaimer: When reading this article, please keep in mind the following: (1) Important to notice that wherever referring to any sensitive information of yours, including private keys, key-pairs or other account information, that information is yours. We can only make limited suggestions to how such information may be treated and protected, but the responsibility is yours. You should always make sure your information is protected and kept private, in the best available way; (2) that the information contained herein is a simplified extract of detailed information and sources generally available on the internet. This basic information was collected and displayed in attempt to provide you with better understanding of certain processes and aspects which relate to content and applications on Bancor’s site. Although we do our best to keep this information up-to-date, we cannot always guaranty that. This is since the information originates from third parties or relates to third party services, applications and technologies (such as Metamask, Scatter, EOSToolkit, or EOS), which are unrelated or unaffiliated with Bancor. These third parties’ applications, services and technologies are available on the internet, and may be subjected to applicable terms and conditions. Accordingly, though the said information and third applications, services and technologies (“Third Parties Content”) are believed to be reliable, Bancor provides no warranties regarding them (including their accuracy or completeness). IN NO EVENT WILL BANCOR BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING, WITHOUT LIMITATION, LOST REVENUES, LOST PROFITS OR LOSS OF PROSPECTIVE ECONOMIC ADVANTAGE RESULTING FROM THE USE OF THE THIRD PARTIES CONTENT EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, OR FOR ANY CLAIM BY ANOTHER PARTY.

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