What does "Solana烧池子" mean? How can I stake MEME coins?

CN
1 year ago

When playing MEME coins on the Solana chain, you often hear people talking about "burning the pool." So what exactly is "burning the pool"? Simply put, "burning the pool" means destroying LP. When you add AMM liquidity pool on Raydium, you will receive an LP token. If you destroy this LP token, you will never be able to withdraw liquidity. This behavior is generally referred to as "burning the pool," also known as permanent lockup.

However, the troublesome part is that the method of destroying LP tokens is quite complex and cannot be directly transferred to a black hole address. It must be done through a tool. Today, I will teach you how to use the burning tool of PandaTool to destroy LP tokens.

With PandaTool's tool, you can not only burn the pool, but also destroy tokens. The specific operation tutorial is as follows:

Open the burning link, and connect your Phantom wallet in the upper right corner.

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After connecting the wallet, you can see the tokens and LPs currently in your wallet in the selection box.

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At this point, if you want to burn tokens, click on the token. The page will look something like this:

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If you want to burn LP, click on LP. Burning LP is burning the pool, and the page will look something like this:

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After checking the LP quantity in your wallet, you can enter the quantity to be destroyed, and then click "Destroy." Of course, if you want to destroy all, check the "Destroy all and close the account" on the right, and then click destroy. Confirm in the wallet, and you're done.

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