Overview Screen
You can view your active and inactive pools on the PowerPools overview screen. Tap any of the pools to view more details and manage the pool.
This will open the details screen for the selected pool. Tap Manage Liquidity button at the bottom of the screen to see more actions.
Managing Liquidity
Add Liquidity
To add liquidity to an existing pool, select Add Liquidity button from the Manage Liquidity menu.
From here, specify the amount of liquidity to add to the pool. You can either manually type in the amount. PowerPools requires that the pool remains balanced when adding liquidity. Adding liquidity that will unbalance the pool requires PowerPools to trade some of the liquidity on the spot market to balance it out. It is more advisable to add balanced liquidity to the pool so that no unnecessary costs are incurred.
To balance out the added liquidity, enter the liquidity amounts on 1 leg of the currency pair and tap our suggested amounts under the other leg. The app will automatically calculate the required deposit amount for the second asset. Tap the green Next button to confirm the action.
This will take you to confirmation screen where you can review the liquidity you would like to add. Once you're satisfied with the parameters, swipe up from the bottom of the screen to confirm.
Once it's done, you will be brought back to the pool detail screen where you should see the pool liquidity updated accordingly.
Remove Liquidity
To remove some of the liquidity from an existing pool, select Remove Liquidity button from the Manage Liquidity menu.
From here, specify the amount of liquidity to remove from the pool. You can either manually type in the amount. PowerPools requires that the pool remains balanced when removing liquidity. Removing liquidity that will unbalance the pool requires PowerPools to trade some of the liquidity on the spot market to balance it out. It is more advisable to remove balanced liquidity from the pool so that no unnecessary costs are incurred.
To balance out the removed liquidity, enter the liquidity amounts on 1 leg of the currency pair and tap our suggested amounts under the other leg. The app will automatically calculate the required deposit amount for the second asset. Tap the green Next button to confirm the action.
Note: if you choose to remove 100% of the liquidity from the pool, this is equivalent to deleting the pool, and you will be asked to confirm that you wish to do so.
This will take you to confirmation screen where you can review the liquidity you would like to remove. Once you're satisfied with the parameters, swipe up from the bottom of the screen to confirm.
Once it's done, you will be brought back to the pool detail screen where you should see the pool liquidity updated accordingly. The removed liquidity will be deposited to your PowerTrade wallet.
Managing Yield
To manage the yield you’ve earned on each individual pool, tap the green Manage button on the pool details screen.
This will bring you to the Claim Yield screen where you can either type or use the quartile percentage buttons to specify a percentage of the yield to either claim or reinvest. Selecting the Claim button will withdraw the yield in USD and deposit it back into your PowerTrade wallet balance. Tapping the Reinvest button will roll the yield back into the pool as (balanced) added liquidity, i.e. 50% of the yield will be added as USD and 50% will be used to buy the base asset on the PowerTrade spot market.
Delete a Pool
If you have an out-of-range or underperforming pool, you may wish to completely delete that pool and redeploy its liquidity. To delete a pool, tap the Delete Pool button on the Manage Liquidity menu.
A confirmation dialog box will appear. Tap Confirm to complete the action.
Upon deletion, you will be taken back to the PowerPools overview page. The deleted pool will no longer show up on your pools overview screen, and any funds previously committed to the pool as well as any unclaimed yield will be automatically deposited back into your PowerTrade wallet balance.