☯️SB-SOL LP Bond
Last updated
Last updated
SB-SOL LP Bond allows you to trade your SB-SOL RLP token in exchange for discounted SB on Solbank.
Make sure you have SB and SOL tokens in your wallet.
Go to Raydium and add liquidity for the SB-SOL pool to acquire SB-SOL RLP tokens.
Type in the amount of SB you want to pair with SOL and put into Solbank's liquidity.
Click "Add liquidity" to acquire SB-SOL RLP tokens.
After a successful transaction, you will have your RLP tokens in your wallet, which you can then use to Bond via Solbank's dApp.
Note: To maximise returns, we recommend 1 Bond per Address.
Make sure you have SB-SOL RLP tokens in your wallet. If you don't, refer back to: How to obtain SB-SOL LP
Head to the Solbank website.
Click "Enter App".
Select the "Bond" tab from the menu on the left.
Find "SB_LP" and click "Bond" button.
Type in the amount of your SB-SOL RLP tokens you would like to bond. Make sure you are not trying to bond more than is allowed. The Bond Limit field below shows the maximum amount of SB you can purchase.
Once all of the steps above have been accomplished, click the "Bond" button to finalise the transaction.
The LP token, also known as the Liquidity Provider token, represents a user's contribution to the liquidity pool on a decentralized finance (DeFi) platform. When users contribute funds to the liquidity pool, they receive LP tokens in exchange, which represent their share the pool. These tokens can be staked or exchanged, and holders commonly receive a percentage of the liquidity pool's fees, reflecting their role in supporting trading on the platform.
Raydium Liquidity Provider, is the token received when providing liquidity on Raydium. For instance: Solbank's LP Bond require RLP tokens of the SB / SOL pair.
