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Unleashing the Potential of Passive Income with Morphex Protocol: How to Earn 63% APR and Stay Delta-Neutral as a Liquidity Provider
TL;DR: Supply crypto assets for traders and earn fees. Balance your assets with shorts to stay delta neutral and just farm the fees whether crypto is up or down.
Introduction
Morphex Protocol is a decentralized perpetual exchange built on the Fantom blockchain, which allows traders to trade crypto assets with up to 50x leverage. One of the most unique features of the Morphex Protocol is the ability for users to supply crypto assets and earn fees on trading activity.
Becoming a Liquidity Provider on Morphex Protocol
When users supply crypto assets, they become liquidity providers (LPs) for the exchange and earn a portion of the fees generated by trading activity on the exchange. Currently, the real yield on the Morphex Protocol is 63% APR, which is significantly higher than traditional financial markets.
Morphex Liquidity Provider Token (MLP)
To balance the assets supplied by LPs, the Morphex Protocol uses a managed liquidity portfolio (MLP) that is composed of a basket of crypto assets, including FTM, BTC, ETH, USDT, USDC, and DAI…