How to buy/sell AGLP
Last updated
Last updated
Switch to 'Pool' tab and you will see a AGLP purchase window
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
1000 USDT will be locked in the AGDEX protocol pool
984.306905 AGLP token has been minted according to the latest exchange rate between AGLP and USDC
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.
