This guide shows how to add and remove liquidity from XRP Ledger AMM pools using Anodos Wallet.

Liquidity providers deposit assets into a pool so others can trade against it. In return, providers earn a share of trading fees and receive LP tokens that represent their portion of the pool.

Your position can increase or decrease in value depending on trading activity and price movement. This guide focuses on how to use the AMM, not investment strategy.

For more details, see the official XRPL AMM documentation.

Instructions:

Step 1: Log on + Connect Wallet

a. Open the Anodos app on desktop or mobile
b. Sign in to connect your wallet
c. Open the liquidity tab

Sign in + Open Liquidity Tab

Step 2: Choose a Pool + Know the Risks

a. Select a liquidity pool (Example: XRP/EVR)
b. Set trustline (if needed)
c. Review risks of impermanent loss and slippage

Know the Risks

Step 3: Add Liquidity

Single Side Deposit:
a. Turn on single side deposit
b. Enter an amount
c. Click “Add Liquidity” + sign transaction
d. Receive LP tokens

The single sided deposit will automatically swap ½ of the deposited asset for the other, adding an equal USD value of each asset to the pool.

Two Side Deposit:
a. Turn off the single sided button
b. Enter an amount
c. Click “Add Liquidity” + sign the transaction
d. Receive LP tokens

Add Liquidity

Step 4: Remove Liquidity

a. Select “Remove Liquidity”
b. Choose a single or two sided withdrawal
c. Enter an amount
d. Sign the transaction

Your LP tokens are redeemed for a proportional share of the pools assets, including fees earned.

Remove Liquidity

What to Know

• LP tokens represent your ownership share of the pool
• Fees accrue automatically inside the pool
• Value changes with market activity and price movement
• Withdrawing realizes gains or losses

Helpful Links:

Anodos Finance (start here): https://dex.anodos.finance/liquidity
Anodos Wallet docs: https://docs.anodos.finance/products/anodos-wallet
XRPL AMMs overview (Anodos): https://docs.anodos.finance/education/what-is-an-automated-market-maker
XRPL AMM protocol docs: https://xrpl.org/docs/concepts/tokens/decentralized-exchange/automated-market-makers