Astherus ALP

What is Astherus’ ALP?

AstherusEX’s on-chain trading platform relies on the ALP liquidity pool. In contrast to the orderbook model which requires separate market liquidity, the On-chain model pools together liquidity to serve more dynamic pricing, low slippage and greater market depth.

ALP is the Astherus platform’s liquidity provider token made up of a pool of assets. Users can become liquidity providers by using any of the specified assets to buy ALP.

The ALP pool provides liquidity for all On-chain trading pairs to maximize capital efficiency. Users who mint ALP participate in the market-making of On-chain perpetual contracts. ALP net asset value (NAV) is correlated with the profit and loss (PnL) of the ALP pool — ALP price rises or falls as a result. Platform fees also contribute to boosting ALP NAV.

APY is generated from ALP’s market-making on AstherusEX — that is, ALP’s profit and loss (PnL), income from trading fees, funding fees and liquidations. Similar to asTokens, APY generated will reflect in the net asset value of ALP. Au points earned from minting ALP can be exchanged for the Astherus token airdrop, presenting an additional layer of gains.

Mint ALP with the supported assets USDT, USDC, lisUSD, BNB, ETH, BTC, CAKE and FDUSD. If you had deposited any of these assets on Astherus previously, you can use them to mint ALP in just a few clicks. ALP is currently available to mint on the BSC network only.