Step by Step Guide to Use Arbitrum PancakeSwap v3
Product
Ecosystem
2023-08-10

Dear Community,

Say hello to Arbitrum One! As the anticipation builds, we're thrilled to embrace another chain into our PancakeSwap lineage. Following our launch on Polygon zkEVM and zkSync Era, the excitement continues with this fresh inclusion. With our growing multichain ecosystem, we now introduce Swap and Liquidity Provisioning features on Arbitrum One PancakeSwap at launch. In this step-by-step guide, we provide all you need to know from Bridging to Swap and Liquidity Provisioning.

How to connect your wallet on Arbitrum One PancakeSwap

Go to the top-right corner of your screen, choose Arbitrum One, and click "Connect Wallet". For those using browser extension wallets, you only need to select your wallet's icon and follow the instructions in the pop-up window.

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If you need to transfer assets from other chains to Arbitrum One, please kindly visit here for the bridging instructions:https://blog.pancakeswap.finance/articles/how-to-bridge-tokens-from-eth-mainnet-to-arbitrum-one

Swap on PancakeSwap v3 After Connecting to Arbitrum One

1-Choose the specific tokens you want to exchange and input the quantity.

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2-Review all transaction information carefully. If everything looks good, press "Swap" to continue.

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3-A prompt for "Confirm Swap" will appear. Review the details again for accuracy.

4-If all details are correct, proceed by clicking on the "Confirm Swap" button.

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5-Your wallet will request one final transaction confirmation. Confirm to complete the process.

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Add Liquidity in PancakeSwap v3 After Connecting to Arbitrum One

In v3, liquidity providers can focus their liquidity within a specific price range, allowing them to receive an equivalent amount of trading fee but with less capital committed to the liquidity pools. Also, providers can select from one of four trading fee tiers: 0.01%, 0.05%, 0.25%, and 1%. This feature is now available on Arbitrum One!

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1-After connecting to Arbitrum One at the top right corner, navigate to the Liquidity page and select the "Add Liquidity" button.

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2-Choose the two tokens that will make up the trading pair for which you intend to add liquidity. In this example, we will use ETH and USDC.

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3-The system will automatically select the most widely-used trading fee tier and set your price range.

4-Ensure that you are adding v3 liquidity by checking for the "v3 LP" label.

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5-The price range can be reviewed on the right side of the display. Adjustments can be made as needed. Please select an appropriate fee tier, as positions that are out-of-range will not generate trading fees.

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6-Enter a specific amount for one of the tokens in the "Deposit Amount" field, or simply use the "MAX" button for convenience.

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7-Click on the "Enable" button. If you add liquidity with tokens other than ETH, both tokens need to be enabled. image4.png

8-After completing these steps, the "Add" button will become active. Click on it to move forward.

9-A pop-up window will appear, providing a preview of your liquidity position. Review the details, and if everything is accurate, click "Add" once more to continue. image13.png

Your new liquidity position will be displayed on the "My Liquidity" page. Click on it to view the details.

How to Remove Liquidity

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1-Navigate to the Liquidity page and select the "Add Liquidity" button.

2-Identify the position from which you wish to remove liquidity under the "Your Liquidity" section, and select it.

3-Select the "Remove" option. A new window will subsequently appear.

4-Utilize either the buttons or the slider to determine the amount of liquidity you intend to withdraw. If you desire to remove all liquidity, simply select the "MAX" option.

5-As a result of this action, you will receive both tokens from your pair. The value of your remaining liquidity will be updated accordingly.

Discover the complete suite of our capabilities designed to elevate your trading and liquidity support experience! Hold on, and we've got even more for you – brace yourself for a thrilling "Traverse" adventure with the Arbitrum One island campaign on Galxe, lasting for seven weeks: https://galxe.com/PancakeSwap/campaign/GCp2vUjQb5 starting August 10 at 13:00 UTC and concluding on September 28 at 13:00 UTC. We invite you to join the Traverse campaign where enticing treasures await!

🗺️Happy exploring!

The Chefs 🥞

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