🐳Liquidity

symLP

Symmetry has only one liquidity pool, acting as the counterparty for the BTC/USDC and ETH/USDC trading pairs.

symLP is the liquidity provider token. Currently, 70% of all trading fees collected are allocated to symLP holders in the form of USDC. These earnings are accumulated and reflected in the value of the symLP token over time.

Mint and Redeem

Parameters:

Symbol	Meaning
$LP$	Total LP tokens’ net asset value in US dollars. It is equal to LP’s cash after instantly closing all user positions without fee.
$TotalSupply$	Total supply of LP tokens
$lp$	Each LP token’s net asset value in US dollars. $lp=\frac {LP} {TotalSupply}$
$LP_{redeemable}$	The maximum redeemable LP value for total users

Mint: When a liquidity provider deposits $n$ USDC into the liquidity pool, they will mint and receive $\frac {n} {lp}$LP tokens.

Redeem: Based on the size of the redemption request, the final execution price may vary, accounting for the impact that all other LP holders in the pool would receive. Please refer to the number shown as "Average Price" after you put in the amount of LP token you want to redeem.

A detailed illustration of the calculation with examples can be found here.

Fees

Mint: 0

Redeem: 0.1%