> For the complete documentation index, see [llms.txt](https://docs.flaretopia.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.flaretopia.com/owl-swap/guides/create-a-liquidity-pair.md).

# Create A Liquidity Pair

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**Good to know:** By Adding liquidity you help create a decentralized ecosystem of exchange!\
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You can add liquidity for preexisting tokens or new ones that arent even listed yet!\
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You can add liquidity to a token that isn't listed by inputting the contract address of the token directly into the token list!

Liquidity providers earn a 0.25% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity
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**Warning:** If you do not understand how providing liquidity works please be careful with how much you risk! \
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You may face impermanent losses!

Read more about Risk & Returns below!
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[Risk & Returns](/owl-swap/guides/create-a-liquidity-pair/risk-and-returns.md)
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