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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 automatically receive shLP, or "staked hLP" sHLP 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 shLP are distributed in the protocol token FOREX

current target weights

hLP target weights
approved asset
target weight
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 currently ETH, which facilitates a whole range of range swaps and protocol related route optimisations
holders of shLP/hLP own a potentially high yielding, global currency near neutral FX exposure asset. (not withstanding pool specific risks)
pool composition aims to create an asset such that a user is neither LONG nor SHORT USD, intead owning exposure to a basket of global currencies - approximating 50% USD and 50% the US Dollar INDEX ( DXY)

how to view current & tgt composition and utilisation

  1. 2.
    select hLP as 'from' or 'to' token
  2. 3.
    select "hLP breakdown"
to find out how to add liquidity to hLP click here