Becoming a liquidity provider for the XPRT/BTC pool on Osmosis takes just a few seconds. You can add liquidity and start earning rewards in a matter of clicks!
This tutorial will guide you through adding liquidity to Osmosis’s XPRT/BTC pool. To get started, you will need the following:
- A Keplr Wallet
- XPRT on Osmosis Chain
- BTC on Osmosis Chain
Step 1: Connecting your Keplr Wallet to Osmosis
The first step of the guide covers how to connect your Keplr wallet to Osmosis.
Head to the following URL – https://app.osmosis.zone
- On the main Osmosis page, hit “Connect Wallet”:
- A pop-up will appear, asking you to select a wallet. Hit “Keplr”:
- A Keplr wallet notification will appear, asking you to connect the wallet to the dApp. Hit “Approve”:
- You will know you are connected when your wallet address shows in the top-right-hand corner:
Step 2: Bridging XPRT to Osmosis Chain
Before we can add liquidity to the XPRT/OSMO pool on Osmosis, we will need to bridge XPRT to the Osmosis chain itself.
To do this, we will use the Skip:Go platform (formerly ibc.fun).
Head to the following URL:
- Hit “Connect Wallet”:
- Choose “Keplr”:
- Hit “Approve”:
Now that we’ve connected, the next step is to select the parameters for the swap. In this case, we want to swap XPRT from the Persistence Chain to XPRT on the Osmosis Chain.
- Hit the asset in the first selection box”
- Search for XPRT and select it:
- Select Persistence Core-1:
- Hit the asset in the second selection box:
- Search and select XPRT:
- Search for the Osmosis chain and select it:
- Your navigation should now look as follows:
- Input the desired amount to swap and hit “Send”:
- Hit “Set destination address”:
- Select Keplr:
- Hit “Confirm”:
- Hit “Approve”:
Once the transaction has completed, the send box will turn green as in the following screenshot:
That’s all there is to this step. We can now head back to Osmosis.
Step 3: Buying BTC on the Osmosis Chain
Acquiring BTC tokens on the Osmosis Chain is the final step before adding liquidity to the XPRT/BTC pool.
Head back to:
For this swap, we need to select XPRT and BTC.
- Hit the first asset in the swapping dashboard:
- Select XPRT:
- Hit the second asset to change it:
- Select BTC:
- Input the desired amount to swap and hit “Swap”:
- A notification will appear, asking you to review the trade. Hit “Confirm”:
- A Keplr Wallet notification will appear, hit “Approve”:
- You will see the following notification when the transaction is complete:
With XPRT and BTC on the Osmosis chain in our wallet, we are ready to add liquidity to the XPRT/BTC pool.
Head to the pools page at the following URL:
- Search for XPRT and select the XPRT/BTC pool:
This will bring up the following pool page:
Step 5: Depositing Liquidity Into the Pool
The final step of the guide is to deposit liquidity into the pool.
- Hit “Create Position:”
- Select “Manual” and hit “Next”:
- We can select the volatility strategy. For this tutorial, we will choose “Moderate:”
- Enter the desired amount of liquidity to add and hit “Add Liquidity:”
- A Keplr Wallet notification will appear, asking you to confirm the transaction. Hit “Approve:”
- You will see your position on the dashboard:
That’s all there is to it. You have now added liquidity to the XPRT/BTC pool on Osmosis.
About Persistence One
Persistence One is building a Bitcoin interoperability solution to enable cross-chain BTC swaps across Bitcoin Layer 2s.
The rapid rollout of Bitcoin L2s and side chains has led to fragmentation, hurting BTCfi scalability. Using the power of intents, Persistence One will enable users to move assets across Bitcoin Layer 2s more efficiently than traditional bridging, offering fast, secure, zero-slippage cross-chain swaps.
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