> For the complete documentation index, see [llms.txt](https://docs.mmex.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mmex.io/for-lp/provide-liquidity/mmlp.md). # 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: 1. Swap fees 2. Open/Close position fees 3. Reserving fees --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.mmex.io/for-lp/provide-liquidity/mmlp.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.