PHPC Liquidity Pools Now Available on Ronin Katana DEX

Ronin users can now provide liquidity for PHPC, a Philippine Peso-pegged stablecoin issued by local crypto exchange Coins.ph.

Ronin users can now provide liquidity for PHPC, a Philippine Peso-pegged stablecoin issued by local crypto exchange Coins.ph.

Liquidity pools for PHPC and other tokens are currently available.Investors can now provide liquidity on this pool and earn fees passively.

Here’s a quick guide on how to provide liquidity in $PHPC pool:

What is PHPC?

In May 2024, the Bangko Sentral ng Pilipinas gave approval to launch $PHPC in June.

Two months later, Coins.ph launched $PHPC on the Ronin blockchain, marking the first time that the Philippine Peso (via its stablecoin counterpart) is listed on an international crypto platform.

Currently Available Liquidity Pools for PHPC

How to Provide Liquidity in $PHPC Pool?

1. Go to Ronin Katana DEX.

2. Connect your Ronin wallet.

3. Click on “Pools” from the left sidebar menu.

4. Search for $PHPC in the search bar.

5. Click on the “Add Liquidity” button for the PHPC pool.

6. Enter the amount of PHPC and another token (e.g., USDC, USDT, etc.) that you wish to add to the pool.

7. Adjust the slippage tolerance as needed.

8. Click on the “Approve” button to confirm the transaction.

9. Once the transaction is confirmed, you will be able to see your liquidity tokens in your Ronin wallet.

What’s next: According to Zhou during the BitPinas Webcast, $PHPC will be available on Polygon.

This article is published on BitPinas: Philippine Peso Stablecoin PHPC Liquidity Pools Now Available on Ronin Katana DEX

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