Becoming a liquidity provider at Phoenix is straightforward and hassle-free—no need for registrations or personal data. As a liquidity provider, I get to participate in swapping thousands of ERC-20 tokens. For each swap, there's an opportunity to earn a percentage of the trading fees. Unlike some platforms, like Uniswap, where liquidity providers stake both pool sides in a 50/50 ratio, Phoenix simplifies the process. The interest rates can vary based on market fluctuations and the specific pool.
