Guide to Join the Balancer Pool
What are the prerequisites for trading on L1X Multichain Balancer Pool?
Do Your Own Research
Ensure that you have available USDT or USDC from ETH or BNB Networks on your MetaMask Wallet.
DETAILED GUIDE TO JOIN THE L1X MULTICHAIN BALANCER POOL
Navigate to each specific section for a walk-through video.
Access the L1X App Website:
Open your preferred web browser.
Navigate to the L1X App website.
Click on Wallet on the Dock:
Once on the L1X App website homepage, locate the navigation dock.
Select the MetaMask Connect Option:
Click the MetaMask icon. It will allow you to connect your MetaMask wallet seamlessly.
Sign the MetaMask Notification:
After selecting MetaMask, a notification will appear within your MetaMask extension or browser.
Follow the prompts to sign the notification. This action grants permission for the L1X App to access your MetaMask wallet securely.
Now proceed to Navigate through the Pools.
Network Selection:
Ensure that your MetaMask wallet is connected to the desired network, from the Pools available: BNB or ETH.
If you're not on the correct network, the widget will prompt you to switch networks. Click "Switch" to the network represented by the USDC or USDT you intend to use.
Select Pool Pair:
Once connected and on the correct network, select the pool pair you wish to access.
The dropdown menu will display relevant information such as composition, total pool deposit, and APR (Annual Percentage Rate).
Review Pool information:
Take note of the rewards ratio percentage, pool value, and any potential rewards associated with joining the pool.
A green checkmark will indicate if you've successfully joined the pool.
Now that you are ready, proceed to Join the Pool.
Step 1: Selecting the Pool and Depositing Funds:
Pool Selection:
After selecting the desired pool, enter the deposit amount in the selected network and token.
The minimum deposit amount is US$50, and the maximum is US$500,000.
Note: If you intend to deposit US$500,000, ensure you are the first to join the pool, as the total accepted amount per pool is capped at US$500,000. The pool will either close upon reaching this limit or at the end of the 14-day deposit window (February 21st to March 5th).
Network Selection:
If you are not on the Selected Network, the button will say 'Switch Network'.
Step 2: Preview and Confirmation:
Preview:
After entering the desired deposit amount, review the summary which includes information on XBPT Tokens, Price Impact, APR, and L1X Bonus.
Click "Preview" and wait while the summary is being calculated.
Confirmation:
If you agree with the summary preview, select "Add Liquidity."
If you wish to change the provided amount, select "<- Preview" at the top to adjust the amount and repeat the process.
Step 3: Transaction Approval:
Approve Transaction on MetaMask:
While the transaction is being approved, avoid refreshing the page.
Confirm the transaction on MetaMask when prompted.
Transaction Confirmation:
Transaction Success:
Once the transaction is approved, a green pop-up will appear, replacing the widget, indicating "Transaction Successful. Liquidity Successfully Added."
Check Transaction:
Proceed to visualize your transaction by clicking on "Check Transaction."
By following these steps, you can successfully join the L1X MultiChain Balancer Pool, deposit funds, and confirm your transaction with MetaMask approval.
You can now proceed to visualize your transaction by clicking on 'Check Transaction'.
Upon accessing the transaction overview, you will find detailed information regarding your liquidity, Bonus L1X coins, XBPT tokens, and joined pools.
Bonus L1X Coins:
Total bonus L1X coins accumulated to date and the amount of L1X coins you will receive in the next 24 hours.
XBPT Tokens:
Total amount of XBPT tokens accumulated to date.
My Liquidity:
Displays the accumulated Liquidity accross all Pools you have joined.
Pool composition:
Check the deposited amount on this pool and the amount of L1X Coins that you will receive in the next 24 hours from this Pool.
APR (Annual Percentage Rate):
View the APR earned from this pool
XBPT Received:
See the XBPT tokens received for joining this pool.
Joined Pools History:
Detailed history of all transactions made, including:
Pool details
L1X bonus
Your liquidity
XBPT received
Date and time of the transaction
You can copy the transaction by selecting the 'copy' icon.
Accessing Xplorer:
Navigate to the Xplorer by selecting the icon on the dock.
In the left dropdown menu, select 'Balancer' to view all realized transactions.
Searching for Specific Transactions:
If you wish to search for a specific transaction, paste the transaction hash copied in step 7.2 into the search bar.
By following these steps, you can access detailed transaction information, track your liquidity and bonus rewards, and search for specific transactions using the Xplorer tool within the L1X App.
The information is updated on 21/02/24.
Ensure Updated XWallet Installation:
Make sure you have the latest version of the XWallet installed on your Desktop for optimal performance.
XWallet Version Selection:
To view your BPT Tokens, select V2 on your XWallet.
Import the BPT Tokens using the provided addresses HERE.
Trading BPT Tokens:
Your BPT Tokens are instantly tradable once imported into your XWallet.
Accessing XWallet
Open your XWallet Chrome Extension.
Select your desired XWallet Account.
Switching to V2:
Toggle to V2 to view your BPT Token.
Your account balance will update immediately to reflect all assets available on the Joined Balancer Pool.
Sending Tokens
Sending BPT Tokens:
Select the XWallet from which you want to send BPT.
Choose the token and enter the amount.
Paste the copied address into the designated box.
Click 'Send' to initiate the transaction.
Confirming Transaction:
Confirm the transaction details before proceeding.
Viewing Updated Pool Assets
Open the XWallet where you sent the BPT.
Select V2 to view the updated amount of assets on the chosen pool.
By following these steps, you can effectively manage and trade your BPT Tokens using the XWallet Chrome Extension, ensuring you have the latest version and accessing the V2 interface for updated asset information.
Note:
Transactions may appear as Pending in Metamask but have been successfully completed and registered with the L1X Protocol. This is a known MetaMask issue that is being addressed.
L1X Coins will be visible in MetaMask.
Access MetaMask Chrome Extension:
Open the MetaMask Chrome Extension in your web browser.
Have this information handy to be able to copy-paste it easily.
BPT Token Address on L1X EVM
Select 'Import Tokens':
In the MetaMask interface, look for the option labeled 'Import Tokens' at the bottom and click on it.
Open Custom Token Popup:
Clicking 'Import Tokens' will open a new pop-up titled 'Custom token.'
Enter Contract Address:
Copy the contract address of one of the Balancer Pool Tokens (BPT) from the L1X EVM.
Paste the contract address into the appropriate field in the 'Custom token' pop-up.
MetaMask will automatically fill in the other required fields.
Proceed to Import:
After pasting the contract address, click 'Next.'
Confirmation and Import:
MetaMask will generate a new message asking, 'Would you like to import this token?'
Select 'Import' to proceed with importing the BPT token.
Repeat for Each Pool:
Repeat the same process for each Balancer Pool Token (BPT) you wish to import.
Copy the contract address of each pool from the L1X EVM and follow steps 4-8 for each pool.
By following these steps, you can import BPT tokens from the L1X EVM into your MetaMask wallet, allowing you to view each pool's tokens within your account. Remember to repeat the process for each pool you wish to import.
Access MetaMask:
Open the MetaMask extension in your web browser.
Select Account:
Choose the MetaMask account containing the tokens you wish to transfer.
Choose Tokens:
From your account, select the tokens you intend to transfer.
Initiate Transfer:
Click on the 'Send' option to initiate the transfer process.
Recipient Selection:
If sending tokens to another MetaMask account, select the recipient account from the dropdown menu.
Alternatively, paste the public address or ENS name of the recipient in the designated box labeled 'Send to.'
Verification and Confirmation:
Verify that you are on the correct MetaMask account.
Confirm that the recipient address and the selected asset are accurate.
Choose the amount of tokens you wish to transfer.
Gas Settings:
Confirm the gas price and review the estimated gas fee displayed.
Select 'Next' to proceed.
Review Details:
Review all transfer details presented on the screen.
Ensure the accuracy of the recipient address, asset, and transfer amount.
Final Confirmation:
Once satisfied with the details, select 'Confirm' to proceed with the token transfer.
Transaction Processing:
Be patient while the transfer is being processed. Depending on network traffic, this may take a few moments.
By following these steps, you can successfully send tokens via MetaMask, ensuring accuracy in recipient details and transfer amounts before confirming the transaction.
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