xU3LP Wave 2 is Live!
After our highly successful Wave 1 launch (nearly $15m in current AUM), xU3LP Wave 2 is now live! Including Wave 1, we now have eight instances of xU3LP, each designed to give users passive, convenient, fungible yield.
For those of you unfamiliar, xU3LP is our set-and-forget solution for Uniswap V3 liquidity provision. For now, our funds are focused on like-for-like pairs like DAI-USDC (xU3LPa) or sETH-WETH (xU3LPd), where investors can earn passive returns with limited risk of impermanent loss.
Wave 2
- xU3LPd: sETH/WETH ○ 0.9994⇋1.0014
- xU3LPe: WBTC/renBTC ○ 0.999⇋1.003
- xU3LPf: USDC/UST ○ 0.9976⇋1.0036
- xU3LPg: FRAX/USDC ○ 0.9944⇋1.0044
- xU3LPh: BUSD/USDT ○ 0.9984⇋1.0014
The notation at the end of each line is the relative price range within which we will be providing liquidity. As an example reference, we generally expect sETH to trade at a premium to WETH. Our price ranges are based mostly on an independent statistical analysis we commissioned (found here).
How does it work?
- Deposit either asset in a pair to mint xU3LP on xToken Market
- That’s it! xU3LP is set-and-forget. We will deploy liquidity to Uniswap V3 on your behalf
Liquidity Incentives
As part of our Community Vesting program, we will be incentivizing each of the five initial instances with XTK. Over 10 weeks, we’ll be distributing 0.75% of total XTK supply to those who stake their xU3LP at xToken Cafe. The pools are now open for staking. Rewards will be initiated at noon EST on Wednesday (August 11) to give investors time to enter.
- xU3LPd: 150k XTK per week
- xU3LPe: 150k XTK per week
- xU3LPf: 150k XTK per week
- xU3LPg: 150k XTK per week
- xU3LPh: 150k XTK per week
Be sure to review our Guide to Community Vesting for more details on how exactly our liquidity programs work. There are a few small wrinkles that make it different from a conventional liquidity mining program.
Final Notes
As always, join us in our Discord with any questions, comments or concerns.
