Guide To Adjusting Your Liquidity Positions On Concordex

Nearly a month after the official launch of Concordex on mainnet, we’ve compiled a helpful guide for our community to understand how to adjust open liquidity positions on Concordex. Here is a simple guide to help simplify your trading experience on our platform:

Step 1 — Close The Existing Liquidity Position

If you want to change or modify an existing liquidity position on Concordex, you need to close it first. To do so, make sure you are connected to the platform, then click on the ‘Liquidity’ tab, go to the position you want to change, and click on it.

Once the liquidity position opens, you will have the option to close it or harvest rewards in the top right, click on ‘Close Position’ to close the position.

Step 2 — Open A New Liquidity Position

Once the position is closed, you can return to the ‘Liquidity’ tab, and open a new position by clicking on the ‘Add Liquidity’ button towards the top right.

Next, you will have to select the token pair you would like to open a position for, these could be the same tokens from the position you have just closed, regardless of the order. Select a Fee Level and then enter the amount of each token that you would like to allocate to the liquidity position.

Ensure that you have enough of each token that you would like to add to the liquidity position, if not you can use the ‘Swap’ feature to acquire more tokens and ensure you maximize your returns. Once you have entered the necessary details and configured your fee levels, you can click on the ‘Confirm Adding Liquidity’ Button towards the bottom right to proceed with the transaction.

Finally, you will need to confirm the transaction through your wallet. Once this is completed, you will be able to see your position active on the ‘Liquidity’ page within a few minutes, depending on the time it takes for the blockchain confirmations to complete.

It’s as simple as that. If you are still unsure about anything related to the Concordex platform, join our Telegram or Discord communities and ask our helpful team of community managers for assistance. You can also visit our Documentation page which offers valuable guides and more information on using the Concordex platform.