# DERI Liquidity Mining

## Overview

There are two ways to do add Liquidity & mine DERI. One is to add liquidity to our in-house pools([mining-amm-liquidity-mining](https://docs.deri.io/how-it-works/mining-amm-liquidity-mining "mention") or to add liquidity in existing, predefined spot DEX trading pairs (PancakeSwap & Sushiswap) to increase spot liquidity. In both cases, Liquidity Miner, earn DERI

This article deals with DERI liquidity mining by providing liquidity to predefined DEXs.

## Install Metamask or supported Mobile dApp

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**Desktop**: We're supporting the Desktop version of the Metamask wallet for interaction with Deri Protocol.

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**Mobile:** We're supporting various mobile dApps wallets & are also working on supporting more dApps.

* *Metamask*
* *imToken*
* *Math Wallet*
* *Trust Wallet*
* *Bitkeep Wallet*
* *ONTO Wallet*
* *TockenPocket*
* *Coin98*
* *SafePal*

## **DERI Liquidity Mining**

This type of liquidity mining is external. You deposit two predefined assets to its retrospective trading pair on a DEX as liquidity and get pledge tokens, these pledge tokens can be staked on Deri Protocol. On top of this you get a lucrative APY paid in DERI.

Currently we support 2 DEXs: 

* ***PancakeSwap** (Trading pair: **BUSD/DERI**) - BNB Chain*
* ***SushiSwap** (Trading pair: **USDT/DERI**) - Ethereum*

Once you staked your liquidity on the DEX and received the predefined pledge tokens, you're ready to stake them on Deri Protocol

**Step 1:** Visit the official website of the Deri protocol: <https://deri.io/\\>
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**Step 2:** Click ‘Pools’ at upper left corner to enter the Pools section.&#x20;

![](https://lh5.googleusercontent.com/hBBeF2PCIa8bOlxUCvmraMoJe0H5S7IF6aEn4Z4u_ZGd0T_5ZcZcF1XPzNJEFH-hxjo4Vjy2eFOLPU0t2ewc1O7v8eK1-Vqsc3Vy-c163AxB8ANayFMW6CiOOAfw6btAapbdgO5a)

**Step 3:** Choose“ Deri Liquidity Mining” , select the specific pool you wish to add your pledge tokens to, we will take the PancakeSwap BSC Pool as an example

**Step 4:** Click the ”Stake”button at “Pancake-BSC” pool.

![](https://lh6.googleusercontent.com/PcAusdeKI95qvGTje49jlKAr983vI56RtfN6F64388AeTZUByi_LNB7RtG_VEqbX59NEwlGv2h9JIJ0sgTVlc06gabXIbCcf0na2pEdxHDnm7LmEIcTN-s-Lm-HZ7WGmHcgwBjCQ)

**Step5:** Hit the “Approve” button on the right side, to grant permission for Deri Protocol to transfer your CAKE-LP to the CAKE-LP pool. Confirm” the request at the wallet page to allow access to the specific pledge token.

![](https://lh3.googleusercontent.com/vI4iCB3mi-kpzVCcqTQZDyIBPdWDV20xD4tGkQ71HJ941CeUa6V2HwQIf9kun6V01xd9TVsN1lCTddOWrVGa5_ziLo_vZR-YE5bJsoDFtPuAfvrXxZgqvxbzu1aYG6MPhb9bu-X-)

![](https://lh4.googleusercontent.com/1oPtZlFnAtNA0wcs3AVm6Sj4Xy3K7NpplCMdN8I0gR8RFV_BC280YZ6AFPWHJuMxJUAmmeczOb_3W15WZpBeuxQDY5WMwwEMYFtsCPpJpIdz-PzKtSxgf4GNz5enU1Ierb7K1OWt)

**S**t**ep 6**: Select the percentage you’d like to add as liquidity（e.g 100% of your pledge tokens）, hit the “Add Liquidity” button, then click”Confirm” once your wallet requests it.

![](https://lh4.googleusercontent.com/VxbXg7P69G8VxZDKGOVHH4YfuGfXf4GucyaqD6EM_o_sehe0UEkjRATFD2Zk1IFjsyq8WeecyabNIeoKTtmTXqyI7FZqoPbmg80reZoh8TIdroO-WKjx-kOmyv9KnwWs5e0G_HZ7)

![](https://lh3.googleusercontent.com/XNedZTvFmZpnoTgaQoxAJ_JPfpTHiBLmiYl65l0CYoUWhm724Pqr52ZDpwR16AhvuHXGFzvKgPWf1GMRj4j9ffil9KjBiihQWI3V0pP7dDech392frX1FMkRrbNYqh_sfvV5xdTZ)

**Step 5:** Once the Liquidity adding process is completed, Details regarding the added liquidity can be viewed on the pool page info.

![](https://lh3.googleusercontent.com/te4VGDUW3t2ACLgsehu6Y6XIw9GmjLsqsZffMo8U-PcTIU-plIOKDDvTa0ZJeixciZXWErjPqJv_JwuFDfUCruckVnx4AFqR_aHR6aSfLalF63Skhvwdwryiwy0k6n2y1ag2wHa9)

**Step 6:** If you wish to remove your *pledge tokens* liquidity again. For help please refer to the liquidity removal steps  of *AMM Liquidity Mining:* [#remove-liquidity](https://docs.deri.io/amm-liquidity-mining#remove-liquidity "mention")

{% hint style="warning" %}
Your liquidity on DEX is subject to **Impermanent loss**. For more details, please refer to the documentation page of the respective DEX or our Mining [mining-faq](https://docs.deri.io/library/faqs/mining-faq "mention")
{% endhint %}

{% hint style="danger" %}
You should only add DEX liquidity on pairs that are predefined by Deri Protocol! Never add liquidity on empty, unsupported DEX pools!
{% endhint %}

## Is DERI Liquidity Mining on SushiSwap & PancakeSwap risk-free?

No, it is not. Liquidity mining on SushiSwap or PancakeSwap are subject to the risk of impermanent loss. Any resulting permanent loss caused by removing the liquidity is in the user's responsibility. \
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Use only the listed pools on our website to add liquidity. Adding liquidity on empty pools directly over SushiSwap or PancakeSwap can cause a huge or total loss. Any resulting permanent loss caused by removing the liquidity is in the user's responsibility