Boosted Liquidity Provider
To show our gratefulness and encourage users to provide liquidity for OPX Finance, we have decided to give a boosting reward of 3000 OPX (vested in 1 month) for ALL OLP stakers.
As Liquidity Providers for OPX Finance, you will get:
- 60 - 70% collected fees in WETH
- Boost earning in OPX
OLP consists of an index of the assets used on the platform for swaps and leverage trading. Users can mint OLP by adding any index asset to the liquidity pool (LP) while OLP is burned each time a user removes any index asset from the LP.
OLP Staker accrues 60 - 70% of the platform's generated fees in the form of WETH. The OLP token is designed to supply the liquidity required for leverage trading. As such, OLP holders are the liquidity suppliers and they make a profit when leverage traders make losing trades. On the contrary, they make a loss when leverage traders make profitable trades.
- 1.Provide any of BTC/ETH/USDC/USDT/DAI/OP to the pool to mint OLP and receive fOLP in the Buy/Sell OLP page.
- 2.Move to the Earn page, deposit your desired amount of fOLP in Boosted Liquidity Provider section and start earning attractive rewards in OPX.
- Holding OLP is a long-term strategy:
+ Earn fees and boost earning
+ If traders lose, LPs make a profit
+ OLP value increases when the bull run starts
- As OPX Finance uses a dynamic oracle pricing mechanism instead of the standard AMM model, liquidity providers are protected against impermanent loss.