Removing Liquidity from a Pool

"Removing liquidity" is the process of withdrawing your deposited tokens from a liquidity pool on a decentralized exchange (like Kayen Finance).

When you added liquidity, you contributed two tokens (for instance, BAR and CHZ) to a pool and received liquidity provider (LP) tokens in return. Removing liquidity allows you to obtain your initial tokens back, plus any fees or rewards earned while your tokens were in the pool.

Prerequisite

In order to remove liquidity you need to have these:

• A MetaMask wallet or any other Web3 wallet.

• CHZ on Chiliz Chain in your wallet for the gas fee.

• When removing liquidity from an existing pool, make sure you already have a liquidity position.

Step-by-Step Guide

1

Prerequisite

In order to remove liquidity you need to:

• Already have a liquidity position.

• Have CHZ on Chiliz Chain Mainnet in your wallet, to pay for the gas fee.

2

Connect to Kayen Finance

Go to https://app.kayen.finance/ and make sure that your wallet is connected. If not, see Connect.

Scroll down the page. Click on "My Positions", then select the position you want to remove.

3

Choose Remove

Click on "Remove".

4

Adjust amount and remove

From here, adjust the amount you want to remove from your selected pool and click the "REMOVE LIQUIDITY" button.

Set a spending cap for your assets.

5

Confirm remove liquidity

Continue by clicking 'CONFIRM REMOVE LIQUIDITY.' You can see the estimated gas price here.

6

Confirm transaction

Click on Confirm.

7

Completion

Congrats! Your transaction has been completed.