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  • ❓Introduction
  • TRADING
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  • LIQUIDITY
    • 💧Liquidity Pool
    • 💰Providing Liquidity
  • TECHNICAL EXPLAINERS
    • Fiorin Wallet and Bridge FAQ
    • Consigliere Solves All Our Problems
    • How DXS Talks to the Blockchain
    • HandCash / Tokenized Consideration
    • Consigliere
    • How Liquidations Work on DXS
    • STAS Protocol Consideration
    • Fiat Denomination of Trading Positions
    • Liquidity Backed Stablecoin Proposal
  • BLOG POSTS
    • Fully Recover Any BSV Wallet
    • Get Paid Every Day of the Year
    • The End of TDXP?
    • More Profits With Zero Slippage
    • One Cent Positions on DXS
    • DXS Wants You to Win
    • Trade Straight From Your Wallet
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    • Current Risk Indicator
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On this page
  • What does it mean to 'provide liquidity'?
  • How do I provide liquidity?
  • Go to Fiorin.app and sign up
  • Save and confirm your seed phrase
  • Select your stablecoin
  • Accept AML banner
  • Enter your stablecoin withdrawal address
  • Copy your stablecoin deposit address
  • Send stablecoins to your deposit address
  • Your first deposit!
  • Connect to DXS.app
  • Accept DXS terms
  • Provide liquidity
  1. GETTING STARTED

Get Started as a Liquidity Provider

Become a liquidity provider to earn up to 30% APY in USDT, USDC or DAI

Last updated 10 days ago

If you also want to trade on , learn how to get started

What does it mean to 'provide liquidity'?

Typically, CFD brokerages (like DXS) outsource their market-making function to liquidity cartels, established exchanges or financial institutions.

DXS is unique in that it outsources the liquidity function to an unbiased autonomous not-for-profit entity: The Open Liquidity Protocol (OLP). The OLP is covered in deeper technical detail in the below link:

The OLP is funded by the public. Becoming an OLP liquidity provider is a first-ever opportunity for retail investors to generate yield from trading losses. No longer is this opportunity exclusively accessible to backbone market participants:

How do I provide liquidity?

  1. Deposit USDC, USDT or DAI into your Fiorin wallet

Go to Fiorin.app and sign up

Save and confirm your seed phrase

Make sure you store a copy of your seed phrase somewhere safe! Your seed phrase is the only way to recover your Fiorin wallet! Additionally, you will need your seed phrase every time you sign into Fiorin with a new browser.

Select your stablecoin

Fiorin supports USDC, USDT and DAI ERC20 stablecoins from Ethereum. Once you select your desired stablecoin in Fiorin, it cannot be changed!

Accept AML banner

Enter your stablecoin withdrawal address

Fiorin has a built-in bridge smart contract, allowing deposits of USDT, USDC and DAI ERC20 stablecoins from Ethereum. As part of Fiorin’s security procedures, ERC20 stablecoin deposits cannot be made until you specify an Ethereum withdrawal address. Once specified, the withdrawal address cannot be changed.

Copy your stablecoin deposit address

Once a withdrawal address has been specified, clicking on RECEIVE will show your USD-ERC20 deposit address. Click copy or SHARE to copy the deposit address to your clipboard.

Send stablecoins to your deposit address

The below example demonstrates a $54.50 USDT transfer from Binance to Fiorin. You simply need to paste in your deposit address, select the Ethereum (ERC20) network and specify the amount to transfer.

Your first deposit!

Ethereum deposits will show in your Fiorin wallet after 5 minutes. Your first deposit will be expensive because Fiorin’s bridge smart contract consumes significant gas when processing a first-time user. Subsequent deposits require 4.3x less gas.

The below example shows the initial $54.50 USDT transfer from Binance less $4.50 in Binance gas fees, less $11.38 in Fiorin smart contract gas fees. A total of $15.88 of gas fees paid in total.

Connect to DXS.app

Accept DXS terms

Provide liquidity

Get a wallet

Contribute liquidity on

Notice the banner communicating that 200% of any gas fees paid on deposits and/or withdrawals are credited to the your account on DXS!

Do not despair! Gas fees are not wasted. 200% of any gas fees paid (on deposits AND withdrawals) are credited to your account on DXS! In this case, the Bounty Trading credit is $15.88 * 2 = $31.76

Clicking on the deposit line in the above gif opens the receipt of the transaction in a third-party block explorer service. The deposit amount of $38.62 USDT can be verified on the .

You are prompted to connect your Fiorin wallet when you first visit :

On the account screen of DXS, click 'Provide Liquidity', enter your desired contribution amount, accept the and click 'Send':

💵
Fiorin
DXS
Bounty Trading
🏆Bounty Trading
Bounty Trading
🏆Bounty Trading
blockchain
DXS.app
Liquidity Provider Agreement
DXS
here
🤝Open Liquidity Protocol