Liquidity Provider Information

XODEX Liquidity Provider (XOLP)

XOLP comprises an index of assets utilized for swaps and leverage trading. It can be minted using any index asset and burnt to redeem any index asset. The price for minting and redemption is determined by dividing the total worth of assets in the index, including profits and losses from open positions, by the supply of XODEX.


XOLP holders receive rewards from three sources:

  • XODEX Rewards (generated from swaps and leveraged trading, converted to XODEX)
  • Market Making (a small spread on assets, benefiting XOLP holders through token appreciation)
  • Vested XODEX (reward tokens vesting into XODEX over 12 months when staked in the vXODEX vesting vault).

XOLP holders earn 70% of platform fees. XOLP aims for a 25% APR yield via vXODEX distributions and XODEX earned from fees.

It's important to note that the distributed fees are calculated based on the amount after subtracting referral rewards and the network costs of keepers. Typically, keeper costs account for approximately 1% of the total fees.