MMEX Documentation
  • 👋Welcome to MMEX
  • overview
    • 🌟What is MMEX
    • 💡Our Highlight Features
  • for traders
    • Start Trading
      • Oracles
      • Open/Close Postion
      • Open a Limit Order
      • Swap
      • Fees & Pricing
      • Assets/Pairs
  • for lp
    • Provide Liquidity
      • MMLP
      • How to buy/sell MMLP
      • Risk
  • Referrals
    • Referral Mechanism
  • product mechanism
    • Funding Rate
    • Synthetic Architecture
    • ❓FAQ
    • 🛣️Roadmap
    • 📑Smart Contract Address
    • 🤝Community & Collaboration
    • 🪙Terms and Conditions
Powered by GitBook
On this page
  • How to get MMLP token
  • Buy MMLP
  • Sell AGLP
  1. for lp
  2. Provide Liquidity

How to buy/sell MMLP

PreviousMMLPNextRisk

Last updated 4 months ago

How to get MMLP token

Switch to 'Pool' tab and you will see a MMLP purchase window

Buy MMLP

To make it easier for newcomers to get MMLP, we use the verbs "Buy" and "Sell". But in fact, this is not an ordinary trading action, the smart contract behind it is minting and burning MMLPs respectively.

You can choose any of the index tokens to mint MMLP token. For example, if a user wants to pay 1000 USDT to buy MMLP, below 2 actions will be generated

  1. 1000 USDT will be locked in the MMEX protocol pool

  2. 984.306905 MMLP token has been minted according to the latest exchange rate between AGLP and USDC

Sell AGLP

Same as above, selling AGLP means users want to burn their MMLP tokens to redeem their index assets.

Liquidity providers has full rights to choose to redeem their assets back at any time.