Burn LP Tokens
Burning LP (Liquidity Pool) tokens is the process of permanently removing those tokens from circulation by "destroying" them. LP tokens are issued to liquidity providers (LPs) when they add assets to a liquidity pool on Raydium. These tokens represent the LP’s share of the pool and can be redeemed later for their share of the pool's assets.
When you burn LP tokens, you give up your rights to the liquidity and any trading fees or rewards associated with those tokens. This action is irreversible, meaning you cannot retrieve the assets backing those burned tokens.
How to use Burn LP Tokens Tool?
Navigate to the TokenJungle Tools Page Go to the TokenJungle Tools page and select “Burn LP Tokens” from the navigation menu or the list of tools.
Connect Your Wallet Click the "Connect Wallet" button at the top-right corner of the screen to connect your web wallet.
Select Your Token Enter your token’s contract address or choose a token from your wallet by clicking "Select from Wallet."
Enter the Amount of LP Tokens You Want to Burn Specify the number of LP tokens you wish to burn, or click the "MAX" button if you want to burn all LP tokens in your wallet.
Submit the Form Click “Burn LP Tokens” and confirm the transaction in your web wallet.
Track Your Order Your order will process immediately. You can track its details on the "Order History" page.
Burn LP Tokens FAQ
How much does it cost to burn LP tokens?
It costs 0.05 SOL to burn LP tokens. Please note that transaction and network fees are not included in this price.
Where can I find information about my order?
Details about your order can always be found on the “Order History” page. Please note that the Order History link in the menu will only appear after you connect your wallet.
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