How to add liquidity for POSS TOKEN in PancakeSwap?
You can add your $POSSs to the liquidity pool and earn commission from the commission fees in the pool.
If you add liquidity by providing BNB and POSS, you will get more BNB and POSS over time. It’s that simple.
Go to the “Liquidity” tab and click on the “Add Liquidity” button.
Enter the amount of BNB (or CAKE) you want to add to the pool, then click “Select a Token” below to add your POSSs. There is an odds when adding parity to the pool, so feel free to play around with the amounts as you wish.
Select POSS from the drop-down menu. If the POSS search did not show up in the results, copy and paste our BSC contract address 0x230f6e7904FFc156Abd8aDfd7556e56E2A358cB1
When you are satisfied with the amounts, click “Supply”.
From now on, every time $POSS is traded on Pancakeswap, you will earn a portion of the commission fees in the pool. Let’s say you add liquidity to 10 BNB and 10 POSS tokens. You will receive 10 LP tokens representing your contribution. You can add more, remove or get BUSD, and your POSS back. But as more trades are made, the amount of BNB and POSS you will receive increases
Regarding Pancakeswap’s pool rewards, please check this document. An example from the documentation for the reward calculation:
There are 10 LP tokens representing 10 POSS and 10 BNB tokens.
1 LP token = 1 POSS + 1 BNB
Someone is trading 10 POSS for 10 BNB.
Another trades 10 POSS for 10 BNB.
Thus, there are 10.017 POSS and 10.017 BNB in the POSS/BNB liquidity pool.
Each LP token is now worth 1,00017 POSS + 1,00017 BNB.