🏊‍♀️Add/Remove liquidity to the pool

1 - Create transferable brc-20 pair

To add liquidity to a liquidity pool, it's important to have a transferable BRC-20 token. This is because liquidity pools operate on blockchain networks and require compatible tokens to participate. By providing these tokens, you can contribute to the liquidity of the pool and earn rewards as a liquidity provider.

1.1 - Create transferable brc-20 pair

So before you start adding liquidity, make sure you have a transferable BRC-20 token that's compatible with the pool you want to participate in.

Example: the $ordi & $oshi token you owned need to be transferrable so create the inscription with the amount you owned for the 2 tokens. (it should have been done in step 1)

Creeate transferable brc-20 pair

For $ordi

{
  "p": "brc-20",
  "op": "transfer",
  "tick": "ordi",
  "amt": "100",
  "pool": "1"
}

For $oshi

{
  "p": "brc-20",
  "op": "transfer",
  "tick": "oshi",
  "amt": "100",
  "pool": "1"
}

Key	Required?	Description
p	Yes	Protocol: Helps other systems identify and process brc-20 events
op	Yes	Operation: Type of event (Deploy, Mint, Transfer)
tick	Yes	Ticker: 4 letter identifier of the brc-20
amt	Yes	Quantity that you allow to be transferrable as referenced earlier (here for $ordi)
pool	Yes	Allow the token to be locked in a pool (0=transferable 1=locked)

1.2 - Inscribe OP addliquidity

Once the tokens are fit to be transferable, we can create a new inscription that will add liquidity to the selected pool.

Inscribe OP addliquidity

addliquidity inscription

{
  "p": "brc-20",
  "op": "addliquidity",
  "pid": "hashpool",
  "amt1": "1000",
  "amt2": "1000",
  "slip": 0.03
}

Key	Required?	Description
p	Yes	Protocol: Helps other systems identify and process brc-20 events
op	Yes	Operation: Type of event (Deploy, Mint, Transfer)
pid	Yes	hash of the liquidity pool. (see section Create a pool using $LPV1 BRC-20)
amt1	Yes	Quantity that you allow to be transferrable as referenced earlier (here for $ordi)
amt2	Yes	Quantity that you allow to be transferrable as referenced earlier (here for $oshi)
slip	Yes	Slippage you allow

2 - Inscribe OP removeLiquidity

Removing liquidity from a BRC-20 liquidity pool can be beneficial for various reasons. By removing funds, you can regain access to your original tokens, allowing you to use them elsewhere or withdraw them altogether.

Additionally, removing liquidity can also be a way to take advantage of market opportunities, such as when the price of an asset in the pool experiences a sudden increase or decrease. However, it's important to note that removing liquidity can also have negative consequences, such as reducing the overall liquidity of the pool, which can impact the stability and performance of the pool.

Therefore, it's important to consider the potential risks and benefits before deciding whether to remove liquidity from a BRC-20 liquidity pool.

Requirements: the $ordi & $oshi token you owned need to be transferrable so create the inscription with the amount you owned for the 2 tokens. (it should have been done in step 1)

2.1 - Create transferable brc-20 pair

So before you start remove liquidity, make sure you have a transferable BRC-20 token that's compatible with the pool you want to participate in.

Create transferable brc-20 pair

Example: the $ordi & $oshi token you owned need to be transferrable so create the inscription with the amount you owned for the 2 tokens. (it should have been done in step 1)

For $ordi

{
  "p": "brc-20",
  "op": "transfer",
  "tick": "ordi",
  "amt": "100",
  "pool": "0"
}

For $oshi

{
  "p": "brc-20",
  "op": "transfer",
  "tick": "oshi",
  "amt": "100",
  "pool": "0"
}

Key	Required?	Description
p	Yes	Protocol: Helps other systems identify and process brc-20 events
op	Yes	Operation: Type of event (Deploy, Mint, Transfer)
tick	Yes	Ticker: 4 letter identifier of the brc-20
amt	Yes	Quantity that you allow to be transferrable as referenced earlier (here for $ordi)
pool	Yes	Allow the token to be locked in a pool (0=transferable 1=locked)

2.2 - Inscribe OP removeliquidity

Inscribe OP removeliquidity

Removeliquidity inscription

{
  "p": "brc-20",
  "op": "removeliquidity",
  "pid": "hashpool",
  "amt1": "100",
  "amt2": "100",
  "slip": 0.03
}

Key	Required?	Description
p	Yes	Protocol: Helps other systems identify and process brc-20 events
op	Yes	Operation: Type of event (Deploy, Mint, Transfer)
pid	Yes	hash of the liquidity pool. (see section Create a pool using $LPV1 BRC-20)
amt1	Yes	Quantity that you allow to be transferable as referenced earlier (here for $ordi)
amt2	Yes	Quantity that you allow to be transferable as referenced earlier (here for $oshi)
slip	Yes	Slippage you allow