💱Remove liquidity

Add ERC-20 LP Tokens, remove your assets.

The Liquidity Providers can use their LP Tokens to redeem their assets at any time, respecting the pool pairs ratio. The smart contract automatically burns LP tokens and transfer the assets to the address that is removing the liquidity. balancing the constant product formula for the next operation.

• Select the desired NFTs to remove from the pool

• Decentralized, redeem your assets at any time

• Earn yield for becoming a liquidity provider

Impermanent Loss

To remove liquidity, the ratio of the assets redeemed are the same as adding them (even value between pairs), always following the pool proportion at the time. This means that the relative price of the assets can only be changed through trading, which can create arbitrage opportunities and new courses to define a collection's floor. Impermanent loss is basically the difference between holding assets and becoming a liquidity provider with them. Thus it's a must to have this in mind whenever removing liquidity.