Capital
Capital
The amount of Capital you are allowed to contribute is dependent on the DDC (Double Down Club NFTs) you have in your wallet. See the DDC page for more details.
You can create a liquidity position with any token in Double. However, the token must have a pool/pair on your selected AMM and also have tokens available in the Double Token Vault in order to be a valid pair.
To learn how to add tokens to the double vault see the Deposit Tokens Section under the Token Page in this manual.
Checking Your Capital Allowance
To start you need to check your Capital Allowance
Navigate to the DDC Page
If you are holding DDC in your wallet you will be able to deposit the DDC to the Smart Contract
Click the Dropdown Arrow next to the Deposit row
Select the DDC you would like to Deposit ⁃ Note: if you don’t have any DDC see the DDC page in this guide for more information
Click Deposit and confirm the transaction in your wallet
Creating a New Position
Navigate to the Capital Page
Click New Position
Select your desired Capital Type (Celo, cUSD, ETH, etc.)
Next, select or import the token from its contract address
Input the amount of Capital or the number of Tokens you would like to use in the transaction
Approve the double smart contract to transact with each of the assets (if you have not approved them yet - you only need to do this once per asset)
Click Add Liquidity to approve the transaction
Confirm the prompt from your wallet to sign the transaction
You can view the progress, as well as the success or failure of the transaction in the block explorer popup once your transaction is submitted
Once your transaction is processed by the network the position will appear on your dashboard
Note: When creating a new position Double sources tokens from the Double Vault - Not your personal wallet. If the Vault does not have enough tokens you will not be able to make your position. The vault can be accessed on the Token page. You can request more tokens to be added to the vault from the project, deposit tokens yourself, or wait for tokens to become available.
Close a Position
In order to close a position you will need to supply the borrowed tokens back to the contract. if tokens are owed you will need to source the remaining balance of tokens owed from an AMM or another wallet before you may close your position.
Select the correct AMM using the AMM Selector dropdown
Click the dropdown arrow next to the position you would like to close, to expand details on the position.
Click Remove Liquidity 1. If you owe tokens due to impermanent loss then the contract will ask you to repay the token amount and approve the transaction 2. If you do not owe tokens click approve to finalize the transaction
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