Adding liquidity to a Chainflip Boost pool takes about five minutes. This guide walks you through the exact steps using the LP suite interface.
If you want to understand how Boost pools work mechanically, read How Boost Works: Earn BTC Yield Without Impermanent Loss. This article is the action guide: connect, deposit, earn.
What you need before you start
Gather these before opening the LP suite:
An EVM-compatible wallet (MetaMask, Rabby, or similar)
Assets to deposit (BTC, ETH, USDC, or other supported tokens depending on the pool)
A small amount of ETH for gas (typically $2-5 at normal network conditions)
There is no hard minimum deposit, but smaller deposits may see fees consume a larger percentage of returns. Most depositors start with at least $100 equivalent to make the economics worthwhile.
Step 1: Connect your EVM wallet
Go to lp.chainflip.io/boost. Click "Connect Wallet" in the top right corner.
Chainflip's LP suite now uses EVM wallet connections. If you previously used a different connection method, you can follow the migration guide to link your existing positions. New users simply connect their preferred EVM wallet and approve the connection request.
Step 2: Choose your Boost pool and fee tier
The interface displays available Boost pools with their current APY estimates. Select the asset you want to deposit.
Each pool offers multiple fee tiers, typically ranging from 5 to 10 basis points (0.05% to 0.10%). Lower fee tiers fill more frequently but earn less per swap. Higher fee tiers fill less often but earn more when they do. For most liquidity providers, a middle tier offers the best balance of utilization and return.
The interface shows recent fill rates and estimated APY for each tier based on current volume. Use these as a guide, but remember they reflect past performance and will fluctuate.
Step 3: Enter your deposit amount
Type the amount you want to deposit. The interface displays:
Your available wallet balance
Estimated transaction fees
The pool's current liquidity depth
Gas costs depend on Ethereum network conditions. At typical gas prices, expect to pay $2-5 for the deposit transaction. During network congestion, this can rise to $10-20. Check current gas conditions before confirming if you are depositing a small amount.
Step 4: Confirm and deposit
Click "Deposit" and approve the transaction in your wallet. You may need to approve a token spending allowance first if this is your first deposit of that asset.
The transaction typically confirms within 1-3 minutes depending on network conditions. Once confirmed, your liquidity is active immediately and begins earning fees on eligible swaps.
Tracking your position
After depositing, your position appears in the "My Positions" tab. You can see:
Current deposited amount
Accumulated fees
Fill rate history
Withdrawal options
Withdrawals work the same way as deposits. Click "Withdraw," enter the amount, and confirm the transaction. There is no lock-up period.
Troubleshooting common issues
Transaction stuck pending: Check your gas price. If network conditions changed after you submitted, the transaction may be waiting for lower fees. You can speed it up through your wallet by resubmitting with higher gas.
Wallet not connecting: Clear your browser cache and try again. If using a hardware wallet, ensure the Ethereum app is open and the device is unlocked. Some browser extensions can conflict with wallet connections.
Insufficient balance error: Remember you need both the deposit amount and enough ETH for gas. The interface may show your full token balance but fail if you lack gas funds.
Transaction failed: This usually indicates a network issue or gas estimation error. Wait a few minutes and try again. If the problem persists, reach out on Discord for support.
What happens next
Your liquidity earns fees whenever a Boosted swap uses your pool and fee tier. Unlike traditional AMM positions, Boost liquidity faces no impermanent loss risk since you provide single-sided liquidity.
Fees accumulate in your position and can be withdrawn at any time along with your principal. Check back periodically to monitor performance and adjust your fee tier if utilization is lower or higher than expected.
For depositors looking to earn yield on their supplied BTC collateral, Lending 2.0 now enables Boost yield on collateral directly within the lending interface.
Resources
Swap - Start swapping native assets
Lending - Borrow against native Bitcoin
Blog - Product updates and announcements
Chainflip Scan - Track swaps and network activity
Website - Explore Chainflip
Earn with Chainflip:
Boost - Earn fees by providing single-sided liquidity with no IL risk
Stablecoin Strategies - Deposit stablecoins and earn optimized yields
Provide Liquidity - Supply assets to Chainflip's liquidity pools
Stake FLIP - Delegate FLIP and earn staking rewards
Find us:
How long does it take to add Boost liquidity on Chainflip?
The entire process takes about 5 minutes. Most of that time is waiting for your deposit transaction to confirm on the Ethereum network, which typically takes 1-3 minutes.
What are the gas costs for depositing into a Boost pool?
At normal Ethereum network conditions, expect to pay $2-5 in gas fees. During periods of high congestion, this can increase to $10-20. Check current gas prices before confirming if you are making a small deposit.
Is there a minimum deposit for Boost pools?
There is no hard minimum enforced by the protocol. However, very small deposits may see gas costs and fees consume a disproportionate share of returns. Most depositors start with at least $100 equivalent.
Can I withdraw my Boost liquidity at any time?
Yes. There is no lock-up period for Boost positions. You can withdraw your principal and accumulated fees whenever you want by submitting a withdrawal transaction through the LP suite.
What fee tier should I choose for my Boost deposit?
Lower fee tiers (around 5 bps) fill more frequently but earn less per swap. Higher tiers (around 10 bps) fill less often but pay more when they do. A middle tier typically offers the best balance for most liquidity providers. The interface shows historical fill rates to help you decide.
