How to Withdraw Liquidity from a Dex Pool(Part7)

 

Step 1: 0x30D752489CF27652fcc2553AAaaB2D5DD9359C80 account that has the LP tokens, visible in:

  • The BSC testnet explorer.

  • And in the Metamask wallet

In both the balance of the LP is:

  • 10.4925 Cake LP tokens from the BUSD/BNB liquidity pool.

  • 0.07738 Cake LP tokens from the ETH/BNB liquidity pool.

Step 2: In the PancakeSwap DEX and having the wallet connected:

  • BUSD/BNB and ETH/BNB liquidity pairs appear.

  • We click on the ETH/BNB pair, in the second image we have the data of this pair, and we have the option to add or remove liquidity.

Step 3: Clicking on remove will:

  • Indicates what % to remove, in the example we withdraw 70%, this is equivalent to withdrawing 0.03179 ETH and 0.1045 BNB.

  • When you click on Approve, the DEX Pancake signature request appears, where the owner (the owner’s account) are and the spender (the DEX LP account) are.

  • Click to sign.

Step 4: From this withdrawal we get:

  • 0.0318 ETH and 0.1045 BNB, for our account.

  • It eliminates burning 0.05416 LP tokens.

  • The second image indicates a gas rate of 0.003434 BNB, then click confirm.

Step 5: To finalize the new balances of:

  • 0.02321 Cake-LP.

  • 0.25018 ETH and 1.2306 BNB.

 
Carlos Sampson