AGLP (Liquidity Token)

What is AGLP

The AGLP token is an ownership pass to the AGDEX liquidity pool. Each AGLP token held represents the liquidity provider's share of the pool.

The price of an AGLP 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 AGLP rises. Conversely, the price of the AGLP falls. The asset pricing characteristics of AGLP are close to those of an ETF in traditional finance.

Utility

As the most important liquidity provider of the protocol, AGLP holders receive 100% protocol profits including:

1. Swap fees

2. Open/Close position fees

3. Reserving fees