Step by Step Guide to Use zkSync Era PancakeSwap v3
Product
Academy
2023-07-27

Introducing zkSync Era PancakeSwap! Exciting things await as we extend a warm welcome to yet another chain joining our esteemed PancakeSwap family. We are delighted that our multichain map has expanded, now incorporating Swap and Liquidity Provisioning functionalities on zkSync Era.

For all those already familiar with zkSync Era, our carefully crafted guide, zkSync Era PancakeSwap v3 will help you to navigate you through the process seamlessly. Embark on this new journey with us and revel in the experience!

How to connect your wallet on zkSync Era PancakeSwap image3.png

If you need to transfer assets from other chains to zkSync Era, please kindly visit here for the bridging instructions: https://blog.pancakeswap.finance/articles/how-to-bridge-tokens-from-eth-mainet-to-zk-sync

Swap in PancakeSwap v3 after connecting to zkSync Era

1_ Choose the specific tokens you want to exchange and input the quantity. image6.png

2_ Review all the 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. image11.png

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

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Add/Remove liquidity in PancakeSwap v3 after connecting to zkSync Era

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1_ After connecting to zkSync Era at the top right corner,navigate to the Liquidity page and select the "Add Liquidity" button.

Screenshot 2023-07-27 at 6.03.45 PM.png 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 zkSync Era!

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 range and 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.

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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.

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10_ 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.

Explore the full range of our features to enhance your trading and liquidity provisioning journey! But wait, there's more – get ready for an exhilarating journey with the zkSync Era island campaign on Galxe, spanning seven weeks. Make sure to mark your calendars for the event's commencement on July 27 at 13:00 UTC, finishing on September 14 at 13:00 UTC. We encourage you to actively engage in the thriving zkSync Era ecosystem and become a part of our "Traverse the Treasure Island'' campaign, where exciting rewards await!

Happy exploring!

The Chefs🐰

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