SLP
What is SLP?
SLP is Sudo’s liquidity provider token, representing your share of Sudo’s liquidity pool. When you buy SLP, it means you are staking your asset in our pool as liquidity used for leveraged trading. You can provide different kinds of assets to the sudo liquidity pool: SUI, USDC and USDT and more.
You can learn more about SLP current value and supply here
What’s the tokenomics?
SLP is a LP token (Liquidity Provider Tokens (LP Tokens) Definition). SLP’s total value represents how much liquidity we have in the pool. Since SLP is always backed by asset you minted SLP with, it’s not an inflationary coin. While more supplies can be added to SLP, more assets are added into the pool, keep the price unchanged.
What’s the benefit of minting SLP?
In short, with SLP you can earn passive income from the protocol. Some other incentive features are being implemented as we speak.
What’s the max supply?
SLP supply is currently capped to 1M. The more liquidity we have, more leveraged trading can happen, and more fees can be generated to benefit SLP holders. We may open up some more supply to grow the protocol.
How can I mint SLP?
Go to https://app.sudo.finance/pool, select your desired asset to mint SLP and click Mint SLP
Can I trade SLP outside of Sudo?
Yes. We have a pool setup on Cetus so that you can swap SLP to other tokens outside of our trading hours.
What are the risks associated with SLP token?
Risks associated with Liquidity Provider tokens:
Market and Liquidity Risks:
Prices of assets in the pool can swing, causing losses (impermanent loss) or making it hard to withdraw funds.
Smart Contract and Platform Risks:
Bugs, hacks, or platform failures could lead to loss of funds, even on trusted platforms.
Trading PnL Risks:
High leverage in perpetual trading can amplify losses when trader wins from trades.
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