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XDEX farms pay XP to liquidity providers

Earn XP for providing liquidity, and again for staking the LP token.

X1 Labs · X1 Labs ·

XDEX farms let liquidity providers earn XP twice: once for providing liquidity and again for staking the LP token they get in return. Fees from the pool still come on top.

How it works

Add liquidity to a pool and XDEX gives you an LP token for your share. Stake that LP token in the pool's farm and it earns XP over time. Some farms carry a depth boost, a multiplier that is highest when the pool is far from its target size and falls to nothing as it fills.

The farms on 21 October

From XDEX's farm API:

  • XNT/USDC.X: about $8,000 of liquidity against a $1 million target, so the depth boost is at its maximum, 2.24×.
  • XNT/DGN: about $6,200.
  • XNT/XNM: about $4,000.
  • XNT/PEPE: about $1,900, with the most stakers by far.

Why it's good for X1

Deep XNT/USDC.X liquidity is the most important pool on X1. It sets the dollar price of XNT and every swap routed through dollars depends on it. Boosting that pool hardest points rewards where they help the whole chain, not only one pair.

What to watch

  • XP is not XNT. It is a points balance, and what it will be worth is not yet set.
  • Providing liquidity carries impermanent loss. If one token moves sharply against the other, you can end up with less value than if you had held both.
  • XNT/USDC.X is still small, so a large deposit moves its share of rewards a lot.

Sources