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The longer your liquidity stays, the more it pays.
An AMM on Elysium. Your share of the fees grows from 1x to 3x over 90 days, and a reserve pays back part of your impermanent loss when you leave.
Pools
All poolsEvery day in the pool is worth more.
The contract's own numbers. They move every second, and nothing resets them while you stay.
Same deposit. Three times the fees.
Two LPs, same money, same pool. One has been there 90 days, the other arrived today.
Every swap pays 0.30%, split two ways.
Fees stay in the pool's own accounts. Nothing goes to a team wallet, because the contract doesn't have one.
Leave early and the ones who stayed get paid.
Collecting on day 0 costs half your fees, and the cost falls to nothing by day 90. Every collection pays the same cut, so collecting first and leaving later doesn't get around it.
of fees cut on day 0
cut on day 90
is how the remaining LPs share what was cut
A reserve for what the price move cost you.
When you leave, the contract compares your share with what you'd have by simply holding. The reserve pays part of the gap, and only what it has collected.
Cover rises evenly from 0% to 100% of the loss. Before day 7 there is none.
One exit can take at most a tenth of that pool's reserve, so a big loss won't be fully covered.
Loss is measured at the average price. If spot is more than 5% away from it, that exit gets no cover.
A pool's reserve only ever pays that pool's LPs.
How it works
Pick a coin and add it with HYPE at the pool's price. Any coin can get a pool.
Your share rises every day up to day 90. A large top-up brings your tenure most of the way back to today.
There's no lock. You get your share of the pool, your fees after any cut, and whatever cover applies.
Questions
Yes. Pools hold launchpad coins, which can go to zero. Cover only pays what the reserve holds, and it doesn't protect you from a coin simply dying.
No. The contract has no owner and no admin functions, so nobody can fix or stop it either. It hasn't been audited.
No. Positions can't be transferred, so a long tenure can only be earned by waiting.
It updates whenever you add, collect or leave. The Update share button does it for the cost of gas, and anyone can do it for anyone.