How do you lock liquidity for tokens?
Asked a year ago
Is there any way to establish a smart contract and lock the liquidity of my tokens, or can it only be done through the DEX?
Thursday, April 14, 2022
Locked liquidity means that the funds stored in the contract cannot be removed until an agreed date also defined in the original contract. There are several protocols like lending, borrowing, gaming, NFTs, and even layer 2s that require liquidity pools to build value around their projects. You can add liquidity to pools on all these protocols or platforms. The central idea is that for value to exist, funds must be convertible from one form to another which is one of the original qualities of fiat money. Most DeFi protocols also lock liquidity as a stabilization mechanism for the native token to prevent selloffs.
Tuesday, August 02, 2022
Go to Cedilla Locker and enter the liquidity LP address you want to lock. Click "New Lock" and lock it. So you keep your liquidity in a verified and audited smart contract. This increases the credibility of the project.
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