Providing liquidity requires staking equal values of different tokens, which generates a LP token. This new LP token is then staked in a new pool in order to earn a yield. stake LP coins to earn tokens, depending on the pool, there will be different regulations on the LP pair needed to stake and the output token after staking the LP pair For example, If you stake $100 of an HNG token along with $100 of KUSDT, which generates a new LP token which you can stake again for a higher yield on the HanaGold website or on another farming site.
Last modified 1yr ago