Now the Liquidity Bootstrapping Pool (LBP) is live on Osmosis, it is time to show how you can interact with the pool. If you want to learn more about Comdex, read this article.
The bootstrapping pool can be found here. The Comdex team already wrote a good article on what a LBP is. As an alternative 3 other explanations were also created (link, link, link). The LBP will run from 03–12–2021 01:00 UTC until 06–12–2021 01:00 UTC.
How to interact with the pool?
By opening the link of the bootstrapping pool you enter the area where you can interact with the pool. If you already have $CMDX you can add liquidity. If you don’t own $CMDX yet you can swap funds to buy.
Currently you can only swap from $ATOM to $CMDX. Enter the desired amount of $ATOM you want to spend and the DEX calculates the amount of $CMDX you will get in exchange. Simply select “Swap” at the bottom of the screen. Keplr will show as a pop-up where you can select the transaction fees. On the Osmosis-chain it is currently possible to send with 0 fees, so select “Low” or “Average” to enjoy these free transactions:
Select approve afterwards and wait for the transaction to executed on the chain. Et voila, you are now the proud owner of $CMDX!!
Joining the pool
If you already own $CMDX you can also join the pool. Simply select the button “Add / Remove Liquidity” on the top of the screen to get the following pop-up:
Select how much $ATOM and $CMDX you want to add to the pool (note that this has always to be in balance. In above screenshot you have to provide 11% $ATOM and 88% $CMDX of your money to put into the pool). Select the button “Add Liquidity” if you are ready. Wait for the Keplr pop-up to select the transaction fee again and select approve in that pop-up again. If the transaction is approved and recorded on the chain you have added liquidity to the pool.