⚡Provide liquidity

Provide liquidity to earn USDC and esETR

Liquidity providers for the Ethora Liquidity pool receive protocol-generated revenue in the form of USDC as well as esETR rewards.

Navigate to USDC Vault (ELP Token)

Go to the USDC vault (ELP Token) section on the Earn page.

In this USDC Vault section, you will see the information:

• Max capacity: Max capacity of USDC Vault is 10,000,000 USDC.

• Exchange rate: Exchange rate is used to mint and redeem ELP tokens and is calculated as (the total worth of assets in the pool, including profits and losses of all previous trades) / (ELP supply).

• Wallet: Amount of ELP in your wallet.

• Staked: Amount of ELP that is being staked by you.

• APR:

  APR for providing liquidity includes:

  • Escrowed ETR APR

  • USDC APR

• Rewards: Rewards for providing liquidity includes USDC and Escrowed ETR.

• Lockup period: You can not withdraw the added funds from the USDC vault during luckup period. Now, lockup period is set at 24 hours.

• Withdrawable amount: You can see the amount of fund that can be withdrawn at the moment.

Deposit into the vault

You can begin by checking the current USDC to ELP exchange rate and reviewing the vault's Annual Percentage Rate (APR) to ensure you have all the information you need.

When you're ready to deposit your assets into the vault, simply proceed by clicking on the "Add Funds" button.

When you click the "Add Funds" button, a pop-up window will appear, allowing you to enter the specific amount of USDC you wish to contribute as liquidity. You will also be able to see the corresponding amount of ELP you will receive.

The current pools currently have a cap of 10 million USDC. However, it's important to note that this cap will be progressively expanded as the trading volume within the protocol increases.

Note: For your first deposit of the specific asset on Ethora, the deposit form will request permission to utilize your tokens. You will need to click "Approve" for this transaction, but this authorization is only required for the initial deposit.

If you decide to revoke this authorization later, you will have to approve the use of your tokens again during subsequent deposit.

Withdraw funds from the Vault

You can withdraw USDC fund to your wallet through the process of selling ELP for USDC.

Please note that the ELP amount that is in locking period and the amount reserved for vesting esETR can not be withdrawn. To learn more about how to vest esETR, navigate to Vest esETR page.

If you wish to explore the detailed formulas for the fields on the Earn page, navigate to the Earn Formulas page.