Cryptochrome- How to add/remove liquidity
An area in cryptocurrency is attracting huge attention is DeFi. DeFi stands for Decentralized Finance, it refers to financial services using smart contracts which are automated enforceable agreements that don’t need intermediaries.
From September 2017 the TVL (Total Value Locked) in DeFi contracts was US$2.1 million to 2018. In that Spring 2018, assets committed to DeFi broke $1 billion in February 2020, $2 billion on July 1 and $3 billion just 20 days later. Now on the day of writing the total value locked in smart contracts is about 11 Billion and the highest TVL archived is about 14 Billion. Number never lie and the number tells the popularity of DeFi time by time.
Simply now DeFi is the trend at the market and a best opportunity for invest and get high returns. But careful DeFi is full of risk and you have to choose a promising project. Cryptochrome is one of the best projects to invest easily and earn returns.
In this article we will talk about Cryptochrome and how get profit by adding liquidity.
CryptoChrome
Cryptochrome is ultimate community staking and liquidity mining platform. Its aim is to provide high profit by Defi in very easy way. allows you to earn high yield rewards on your crypto by staking and Liquidity providing. Cryptochrome let you earn more then other DeFi projects.
What are benefits for adding liquidity
Adding liquidity in in CHM liquidity pool is very easy and the benefit is that you can receive the 0.3% fees of liquidity provided by you. But you are thinking that this is quite same in every DeFi token. But while you earn fees, CHM ecosystem will provide you extra token based on the value you lock in pool and for how many weeks. You can calculate APY based on current reward on Cryptochrome website.. By adding liquidity you not only earn fees but also extra CHM bonus.
How to add liquidity
Step 1: Visit Cryptochrome website and connect your wallet (Metamask, MEW etc).
Step 2: Calculate your reward by entering the CHM amount you will add in liquidity pool and how much weeks in APY based on current reward calculator. It will calculate your reward in CHM.
Step 3: Click on Add liquidity. You will be directed to Uniswap.
Step 4: In Uniswap DEX weather write CHM value or Etherium. Click on supply and sign a transaction from your wallet.
Step 5: Sign the transaction and click on Confirm supply.
Now your liquidity is added.
You can see your position in the pool after adding liquidity.
After you connect your wallet to CryptoChrome website. You can track your stats there too. You can also see your CHM bonus.
How to remove liquidity
Step 1: Scroll down on the CryptoChrome website click on remove liquidity. You will be directed to uniswap.
Step 2: Select the percentage of liquidity you want to remove and click on approve.
Step 3: Sign transaction from your wallet (Metamask, MEW etc)
Your liquidity will be removed and you will get it in your wallet.
That’s how you can to add/remove liquidity. You can get profit in your wallet anytime.