Earn

Two ways to be on the other side.

AXLP is the counterparty to every perp: it earns fees and funding, and it pays out trader profits. Lending is quieter — supply USDC to a ticker's isolated pool and earn the borrow rate the loopers pay.

AXLP share price

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Priced on assets net of fees owed and open trader profit, so a deposit made while traders are up does not dilute the loss onto existing holders.

AUM

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Free liquidity

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Open trader profit

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netted out of AUM

AXLP supply

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What LPs are taking on

You earn the taker fee on every trade, the borrow rate on every open position, funding from the heavier side of the book, and the losses of traders who are wrong.

You pay the profits of traders who are right. When the book is one-sided and the market moves that way, AXLP is down.

Cumulative income—

Cumulative paid out—

Deposit fee—

Withdraw fee—

Minimum hold—

USDC in0.00 USDC

You receive—

Fee—