AGDEX Documentation
  • 👋Welcome to AGDEX
  • Overview
    • 🌟What is AGDEX
    • 💡Our Highlight Features
  • FOR TRADERS
    • Start Trading
      • Oracles
      • Open/Close Postion
      • Open a Limit Order
      • Swap
      • Fees & Pricing
      • Assets/Pairs
  • FOR LPS
    • Provide Liquidity
      • AGLP (Liquidity Token)
      • How to buy/sell AGLP
      • Risk
  • REBATE
    • Rebate Mechanism
  • PRODUCT MECHANISM
    • Funding Rate
    • Synthetic Architecture
    • ❓FAQ
    • 🚀Roadmap
    • 📝Smart Contract Address
    • 🤝Community & Collaboration
    • ⚖️Terms and Conditions
  • 🛡️Aduit
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  • How to get AGLP token
  • Buy AGLP
  • Sell AGLP
  1. FOR LPS
  2. Provide Liquidity

How to buy/sell AGLP

PreviousAGLP (Liquidity Token)NextRisk

Last updated 6 months ago

How to get AGLP token

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

Buy AGLP

To make it easier for newcomers to get AGLP, 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 AGLPs respectively.

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

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

  2. 984.306905 AGLP 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 AGLP tokens to redeem their index assets.

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