> For the complete documentation index, see [llms.txt](https://docs.tokan.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tokan.exchange/protocol/providing-liquidity.md).

# Providing Liquidity

Tokan Exchange enables users to generate earnings via liquidity provision. By contributing liquidity to the incentivized gauges, individuals can secure a portion of the rewards designated for those gauges, proportional to the volume of liquidity they have contributed.

### Rewards

Liquidity Providers **do not** receive swap fees. Their returns come from the `TKN` emissions allocated to the gauge they are staked in.

All swap fees are distributed to the veTKN holders that voted for the corresponding gauge; this leads to the pool generating more swap fees meaning a higher return for veTKN holders. This also ensures that votes are allocated to productive pools which maintains the long-term sustainability of Tokan Exchange.

{% content-ref url="/spaces/bK251YUJy7FYDOFDkvYz/pages/sO2ZtcVNAkKgG7kzjoDF" %}
[Adding Liquidity](/getting-started/guides/adding-liquidity.md)
{% endcontent-ref %}