💱handle Liquidity Pool (hLP)
the handle liquidity pool (hLP) comprises a basket of currency* assets, that
(i) provide the liquidity for protocol users to borrow for leveraged trades, (ii) acts as counterparty to all trades, absorbs any trader wins or losses, and (iii) provides liquidity for any cross asset spot FX swaps. liquidity capital providers to the hLP can deposit any approved asset into the pool and will receive hLP which is automatically staked in order to earn fees.
fees to deposit into the hLP will vary dependent on the balance of assets in the index. the current fees can be found on the convert page when converting to hLP. hLP holders earn a share of trade and funding related fees, swap fees, and returns from any trader losses and liquidations
additionally, based on a users veFOREX balance, they may also receive boosted pool rewards and APYs
all fees and rewards related to hLP are distributed in the protocol token FOREX
current target weights

ETH
5.0%
🇺🇸 fxUSD
47.5%
🇪🇺 fxEUR
27.0%
🇯🇵 fxJPY
2.0%
🇬🇧 fxGBP
6.0%
🇨🇦 fxCAD
4.0%
🇦🇺 fxAUD
2.0%
🇨🇳 fxCNY
2.0%
🇨🇭 fxCHF
1.5%
🇸🇬 fxSGD
1.0%
🇰🇷 fxKRW
1.0%
🇵🇭 fxPHP
1.0%
*5% of the basket is currently ETH, which facilitates a whole range of range swaps and protocol related route optimisations.
how to view current & target composition and utilisation
go to app.handle.fi/convert
select hLP as 'from' or 'to' token
select "hLP breakdown"

to find out how to add liquidity to hLP click here
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