Providing Liquidities

WLP (WeSwap Liquidity Provider Token) is the decentralized option liquidity pool for trading, and anyone can be a part of it by holding WLP tokens. WLP holders provide liquidity to the option trading liquidity pool and profit from the losses of the traders and vice versa. Currently, WLP can only be minted using USDC and redeemed for USDC. The initial minting and redemption price is 1:1 with USDC, and the value is adjusted dynamically based on the counterparty's profits and losses.

Benefits of Joining the WLP Pool

• Earn USDC: 60% of the protocol profits are distributed to LLP holders.

• Increase in WLP price when trade loses the order.

• Earn esWSP rewards: Stake WLP tokens to earn esWSP rewards.

Buy WLP

To buy WLP tokens, click "Buy" in the WLP module on the Earn page and enter the desired amount.

Sell WLP

To sell WLP tokens, click "Sell" in the WLP module on the Earn page and enter the desired amount.

Potential Risks Involved

Although attempts are made to mitigate risk through testing and auditing, caution should always be exercised when interacting with any smart contract or blockchain application.

Counterparty risk: The WLP pool is the counterparty of traders, and the value of WLP tokens may temporarily decrease due to traders' wins.