đź’°
Sudo Gitbook
  • đź‘‹Welcome to Sudo
  • Overview
    • đź’ˇWhat is Sudo
    • ✨Sudo Features
  • Trade on Sudo
    • đź’ŽStart trading
      • Supported Assets
      • Fees
      • Market Hours
    • đź“šEducational Resources
      • What Are Perpetual Futures?
      • Using Leverage Wisely
      • Risk Management Fundamentals
      • What is Sharpe Ratio
      • Real Trading Scenarios
      • Avoiding Rookie Mistakes
  • Liquidity Providers
    • đź’°How to provide liquidity
    • 🛰️SLP
    • 🏦SLP Staking
  • S Rewards
    • S Card
      • Getting S Card
      • S Points
      • Using Your S Card
  • Sudo API
    • Sudo API Reference
      • Trader Data
      • Market Info
  • Sudo SDK
    • Introduction to Sudo SDK
    • Core Concepts
    • Installation and Setup
    • Quick Start
    • đź“šv0.0.6
      • API Reference
        • SudoAPI
          • Open Position
          • Decrease Position
          • Pledge In Position
          • Redeem From Position
          • Cancel Order
          • getPositionCapInfoList
          • getPositionInfoList
          • getPositionConfig
        • OracleAPI
          • subOraclePrices
      • Changelog
    • Best Practices
    • Troubleshooting
  • Feature Details
    • Algorithm Balanced Funding Rate (ABFR)
    • Risk control
    • FAQ
    • Roadmap
    • On-chain program
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On this page
  • What is SLP?
  • What’s the tokenomics?
  • What’s the benefit of minting SLP?
  • What’s the max supply?
  • How can I mint SLP?
  • Can I trade SLP outside of Sudo?
  • What are the risks associated with SLP token?
  1. Liquidity Providers

SLP

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Last updated 1 month ago

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

What’s the tokenomics?

SLP is a LP token (). 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?

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:

  1. Market and Liquidity Risks:

    • Prices of assets in the pool can swing, causing losses (impermanent loss) or making it hard to withdraw funds.

  2. Smart Contract and Platform Risks:

    • Bugs, hacks, or platform failures could lead to loss of funds, even on trusted platforms.

  3. Trading PnL Risks:

    • High leverage in perpetual trading can amplify losses when trader wins from trades.

Go to , select your desired asset to mint SLP and click Mint SLP

🛰️
here
Liquidity Provider Tokens (LP Tokens) Definition
https://app.sudo.finance/pool