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      • Creating an LP token
      • Removing an LP token
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  1. Bolt Dollar - General
  2. Liquidity and LP tokens

Removing an LP token

PreviousCreating an LP tokenNextFantom Opera

Last updated 3 years ago

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When you're done farming and want to use the individual tokens for other investments you need to break up your LP token first. In our previous example, we went with $BUSD and $BTD and we created a BTD-BUSD LP token. In this example, we will break up the same token again in their individual parts.

Note: You need to unstake your LP tokens before trying to break them up. For simplicity, we assume that you did so before taking the next steps.

Step 1: Pancakeswap

  • open

  • Select "Trade" in the left navigation bar.

  • Select "Liquidity" in the foldout menu under "Trade"

Step 2: Selecting your pool

Pancake usually automatically detects your active pool. If that's the case you'll see your BTD-BUSD LP in the selection menu.

If you don't see your liquidity pool there you need to manually import it again:

  • Click on "Import it"

  • Select the top coin and set it to BTD.

(If BTD is unknown you can add: "0xD1102332a213E21faF78B69C03572031F3552c33")

  • Select the bottom coin and set it to BUSD

  • Approve the pool

Step 3: Removing liquidity from your pool

Now you're all set to remove tokens from your LP token:

  • Click on "Remove" to enter the next screen

  • Click on "Approve" in the next screen first

  • Select the number of tokens you want to remove with the slider

  • Click on "Remove"

  • Confirm the transaction in your wallet.

It may take a few seconds for the operation to be completed but within a short while, the individual tokens will be back in your wallet again.

Remove Liquidity:

https://bsctools.xyz/pcs-ex/#/remove/0xD1102332a213E21faF78B69C03572031F3552c33/0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56
https://pancakeswap.finance/