➖Remove Liquidity

What is Remove Liquidity?

Removing liquidity is the process of withdrawing your deposited tokens from a liquidity pool on a decentralized exchange (like FanX). When you added liquidity, you contributed two tokens (like BAR and CHZ) to a pool and received liquidity provider (LP) tokens in return. Removing liquidity allows you to get back your initial tokens, plus any fees or rewards earned while your tokens were in the pool.

How to Remove Liquidity?

To remove liquidity from FanX here’s a step-by-step guide.

Prerequisite

In order to remove liquidity you need to have these:

1. Already have a liquidity position.

2. You need to have CHZ on Chiliz Chain in your wallet for the gas fee.

Step-by-Step Guide

1. Go to: https://app.fanx.xyz/ and Connect Wallet, refer to this page.

2. Scroll down the page you are on. Click on "My Positions", then select the position you want to remove.

1. Click on "Remove"

1. From here, adjust the amount you want to remove from your selected pool and click the "REMOVE LIQUIDITY" button.

Set a spending cap for your assets.

1. Continue by clicking 'CONFIRM REMOVE LIQUIDITY.' Also you can see the estimated gas price here.

1. Click on Confirm.

1. Your transaction has been completed.