Liquidity provision
Synthetics are only useful if you can trade them at a fair price. Deep liquidity fills orders quickly with little slippage; thin liquidity means wide spreads and failed trades, a well-stocked kitchen versus a thin pantry and a long queue. Liquidity providers supply that depth: they deposit a pair of tokens into a pool and earn a share of the fees from every trade against it, plus liquidity-mining rewards.
Who is a liquidity provider?
In traditional markets, banks, financial institutions, and principal trading firms act as market makers. Decentralised exchanges replace them with liquidity pools. There is no requirement to become a liquidity provider (LP) other than holding the two assets a pool pairs.
Connect an EVM wallet to the TRANT app, which connects to the underlying contracts on Robinhood Chain, and select a pool, for example a synthetic paired with its collateral, or $TRANT paired with a collateral asset. Deposit your assets and, whenever other users swap that pair, the protocol fills the trade against the pooled reserves and gives providers a cut in the form of trading fees proportional to their share. This is an automated market maker (AMM): assets trade permissionlessly and automatically against pools rather than against a traditional book of buyers and sellers.
In this section
- Liquidity pools · what a pool is and what it pairs
- LP tokens · the receipt for your share
- Providing liquidity · step-by-step
- Withdrawing liquidity · step-by-step
- Pool fee distribution · how fees accrue and are realised
- Risks · impermanent loss and more