L3X
  • Vision
  • L3X: Re-staked Trading
    • Roadmap
      • Chapter 1: Early Staking
      • Chapter 2: Bridging to L3X L3
      • Chapter 3: Vault Opening
    • Restricted Regions
  • User Rewards
    • Referral Codes
    • All the Points
  • Tokenomics
    • L3X
    • LP3
    • Protocol & Trading Fees
  • Partners & Supported Assets
    • LRTs
    • Use Case
  • Development
    • 🔨Build on L3X
      • Start Building
      • L3X Testnet
      • Explorer
    • Mainnet Smart Contracts
    • Testnet Smart Contracts
    • APIs
    • Brand Kit
    • Audit
Powered by GitBook
On this page
  1. L3X: Re-staked Trading
  2. Roadmap

Chapter 3: Vault Opening

PreviousChapter 2: Bridging to L3X L3NextRestricted Regions

Last updated 11 months ago

Acceleration Program

Our LP token, LP3 facilitates liquidity provisioning for traders, enabling leveraged positions. Profit and loss dynamics are contingent upon traders' performance: losses benefit LP3 holders, while trader profits may lead to losses for LP3 holders.

Holding LP3 entails risks, while enjoying the significant potential for upside. By staking LP3, users can earn up to 80% of platform fees generated for bearing these risks:

  2. Counterparty Risk: Profits earned by traders are sourced from the LP3 pool.

  3. LRT Risk: LP3 is directly impacted in the unlikely event of ezETH or other LRT partner exploits, depegging events, and other issues impacting the vault asset types.

The perpetual platform's open interest is constrained by total collateral reserves of LP3. New positions are restricted if platform open interest exceeds total TVL in LP3. Read more about out risk mitigation strategy here.

Smart Contract Risk: L3X Exchange's smart contracts are , yet inherent risks persist.

audited