MMLP
What is MMLP
The MMLP token is an ownership pass to the MMEX liquidity pool. Each MMLP token held represents the liquidity provider's share of the pool.
The price of an MMLP depends entirely on the price change of all the index tokens in the pool. If the price of a risky asset in the pool rises, the price of the MMLP rises. Conversely, the price of the MMLP falls. The asset pricing characteristics of MMLP are close to those of an ETF in traditional finance.
Utility
As the most important liquidity provider of the protocol, MMLP holders receive 50% protocol profits including:
Swap fees
Open/Close position fees
Reserving fees
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