💎ALP

Platform collateral liquidity provider token

$ALP

ALP represents a share in the asset pool Adrena traders utilize when trading. ALP tokens are minted when depositing (and burned when redeeming) valid pool assets. Mint and redeem fees vary depending on the extent to which assets deposited / redeemed improve the ratios of the current pool assets.

Token Account Address: 4yCLi5yWGzpTWMQ1iWHG5CrGYAdBkhyEdsuSugjDUqwj - this is where you can track the minting and burning of $ALP

Pool Account Address: 4o3qAErcapJ6gRLh1m1x4saoLLieWDu7Rx3wpwLc7Zk9 - this is where you can track the assets and total liquidity in the pool.

Economic benefit

ALP holders receive a direct share of 70% of fees through:

1. Fees being used to buy and deposit more pool assets into ALP, increasing the value of each share of ALP (as ALP represents ownership in the underlying pool assets)

2. Bonus distributions of USDC and ADX when Duration Locked

Genesis Lock ALP

A one-time capacity capped 6-month Duration Lock will be available at launch as described in the next section. This special class of ALP will get an additional bonus ADX token distribution in exchange for being early to lock.​