SparkDEX LP Guide with USD₮0 Support

SparkDEX is expanding its liquidity pool offerings and now supports USD₮0 pairs. The platform currently reports over $60 million in total value locked, with multiple options for users interested in becoming liquidity providers.

Available Pools and Current Opportunities

Users can view available liquidity pools and farming rates on the SparkDEX platform. Two pools involving USD₮0 are currently seeing high participation:

• USD₮0 / USDC.e
• USD₮0 / cUSDX

These pools are accessible at sparkdex.ai/pool and sparkdex.ai/farm, where users can evaluate trading volumes, fees, and current yields before participating.

Preparing to Supply Liquidity

Before supplying liquidity, users must hold the appropriate token pairs in their wallet. Assets can be bridged to Flare using Stargate Finance. Alternatively, USD₮0 can be acquired directly by withdrawing USDT from Kraken to a Flare wallet. Token swaps between assets can then be completed on sparkdex.ai/swap.

Depositing Liquidity

Once the appropriate tokens are ready, users can add liquidity by selecting the relevant pair, setting a fee tier, and specifying an amount. This is done through the SparkDEX pool interface. After confirmation, the user’s position becomes active on-chain.

Accessing Yield Farming

To maximize rewards, users can also stake their liquidity positions in SparkDEX’s farming section. This enables collection of yield incentives, which can be claimed directly from the dashboard.