We are thrilled to announce that the KRC20 Token Waiting List and corresponding liquidity pools (LPs) are now officially live on krc20.chainge.finance!
Projects and users alike can now actively contribute by adding liquidity to support their favorite KRC20 tokens, helping accelerate their path to becoming tradable on dapp.chainge.finance
How to Add & Remove Liquidity for KRC20 Tokens
Adding and removing liquidity for KRC20 tokens is a straightforward process. Below is a simple walkthrough on how to do this for any KRC20 pair available on the waiting list.
Step 1: Bridge USDT to the Kaspa Chain
Start by bridging your $USDT from any chain to $USDT on the Kaspa chain via dapp.chainge.finance and input your Kasware wallet address
Step 2: Access the KRC20 Liquidity Interface
Once your $USDT are converted to $CUSDT, visit krc20.chainge.finance and connect your Kasware wallet.
Step 3: Select Your Token
On the KRC20 token waiting list - find the token you wish to support and click on “Add Liquidity”.
Step 4: Add CUSDT to the Liquidity Pool
Input the amount of CUSDT you wish to contribute to the liquidity pool. Click the “Add CUSDT” button, sign the transaction and wait for confirmation.
Step 5: Add the KRC20 Token to the Liquidity Pool
The corresponding amount of the KRC20 token will be automatically calculated. Click the “Add Token” button, sign the transaction and wait for confirmation.
Step 6: Finalize Liquidity Addition
Once both the CUSDT and the KRC20 tokens have been added, click “Add Liquidity” to complete the process. You can track the status of your transaction in the “Orders” section. Typically, it takes less than 1 minute for the liquidity addition transaction to finalize.
⚠️ Please make sure to click “Add liquidity” to finalize the liquidity addition process, before leaving the liquidity addition page
⚠️ Liquidity provider (LP) rewards will not be available in the initial version of the LP interface. However, we will soon introduce an earn program and the corresponding APYs will be disclosed at the time.
If you want to Remove Liquidity
Navigate to the Liquidity Management section and click on “Remove Liquidity” to withdraw your assets. Once a token is available for trading, make sure to understand and consider impermanent loss when withdrawing liquidity.
That’s all! You can now monitor the liquidity pool balance for the token and track its progress on the waiting list as the pool grows.
Notes:
1. The minimum amount required to add liquidity is $100
2. Currently, Kasware is the only browser plugin wallet available for KRC20 tokens. We’ll integrate others as they become available.
3. Please make sure you have the latest Kasware wallet version installed before proceeding with liquidity addition.
KRC20 Token Swaps Enabling Process
We are actively welcoming ambitious and promising KRC20 projects to join the waiting list. If your KRC20 token is not yet on the waiting list, please fill in this form. DO NOT submit your token more than once. Projects will be gradually added to the waiting list based on our internal processing capacity.
Once added to the waiting list, liquidity pools will be open for the project’s token paired with $CUSDT, allowing anyone to add or remove liquidity.
At the same time, the Chainge team is actively monitoring the progress of KRC20 projects and adding those that show promise on the waiting list. The public leaderboard for tracking each token’s progress in terms of liquidity is available at krc20.chainge.finance
Swap Enabling Criteria
- Liquidity Pool Size: The liquidity pool needs to be sufficiently funded to support trading without significant slippage.
- Number of Token Holders: A high number of holders is necessary to sustain trading volume.
- Number of Wallets Contributing Liquidity: A broad base of liquidity providers ensures liquidity stability.
- Community Endorsement: Strong support from the project’s community ensures that the token has visibility and potential for growth.
⚠️ Important: Chainge does not charge any fees for enabling token swaps aka listings. Also, being on the waiting list does NOT ensure a token will become trade-able. Primary focus is on ensuring enough liquidity to avoid slippage, a common issue on decentralized exchanges.
Final Assessment
While liquidity is one of the most important factors, the criteria above are not tied to strict individual numbers rather we use a general assessment across all four criteria, averaging them to determine if and when a token is ready for trading.
Once a token is enabled for swapping, both the CUSDT/KRC20 and KAS/KRC20 trading pairs will be live on dapp.chainge.finance
What’s next?
As KRC20 tokens gradually become available for trading on dapp.chainge.finance partial order fills will no longer be a problem. Furtheremore, Chainge will release APIs for developers to integrate the KRC20 DEX service. Chainge is also keeping touch with Kasplex to integrate the upcoming opcodes, aggregate all future KRC20 DEXs, along with new plugin wallets, as they become available.
Lastly, it’s important to note that this is just the beginning of decentralized trading for KRC20 tokens. The Chainge KRC20 platform will undergo continuous improvements, iterations and new features based on your feedback. We extend our thanks to the projects and KRC20 community for their contributions in helping us refine and enhance the platform
