What Is LP Staking?

LP staking is an additional earning opportunity for liquidity providers. When you add liquidity to Dexlyn’s SUPRA-dexUSDC pool, you receive LP tokens. Instead of just holding these tokens and earning a share of trading fees, you can now stake them in dedicated LP staking pools to earn extra rewards.

How LP Staking Works on Dexlyn

Dexlyn’s LP staking follows a structured approach with three staking pools. Each pool has a fixed duration, specific limits, and varying APY. Here’s a breakdown of how the system works:

Three Pools with Fixed Durations

• Each staking pool runs for three months from the time the first user deposits into it.
• Once a pool reaches its maximum capacity, a new one opens.
• This creates a structured staking system, where users can participate in different pools based on availability.

Pool Activation and Sequence

• A pool starts when the first user deposits LP tokens into it.
• Once the first pool reaches its limit, the second pool opens.
• The third pool opens only after the second one is full.
• This staggered approach helps maintain balance and reward distribution across different time periods.

Different APYs and Limits

• Each staking pool offers a unique APY (Annual Percentage Yield) and a fixed staking limit.
• Pool 1: 4M LP max limit – 30% APY
• Pool 2: 5M LP max limit – 24% APY
• Pool 3: 6M LP max limit – 18% APY
• Users who enter earlier pools may get different rates compared to later ones.
• APYs are designed to be competitive and reflective of the pool size and duration.

Daily Rewards Calculation

• Rewards are calculated on a daily basis based on your share in the pool.
• The more LP tokens you stake, the higher your reward share.
• This ensures a fair distribution where rewards are proportional to contributions.

Rewards Updated Every 24 Hours

• Your reward balance gets updated every 24 hours.
• You can monitor your earnings in real-time through the Dexlyn dashboard.
• Once the staking period ends, you can claim your rewards along with your original LP tokens.

Why LP Staking Matters

For liquidity providers, LP staking offers an additional layer of rewards beyond trading fees. It’s a way to maximize earnings while keeping liquidity locked in the ecosystem. The structured pool system also ensures that rewards are distributed fairly, and new pools open progressively based on demand.

What Happens at the End of the Staking Period?

• When a pool reaches the three-month duration, stakers can withdraw their LP tokens along with the rewards they’ve accumulated.
• If you wish to continue staking, you can join a new pool if it’s available.

How to Get Started with LP Staking on Dexlyn

If you’re ready to stake your LP tokens, here’s how to do it:

1. Add Liquidity to the SUPRA-dexUSDC Pool – First, you need LP tokens. You can get them by adding liquidity to the SUPRA-dexUSDC pool on Dexlyn.
2. Choose a Staking Pool – Check the available pools and their APY and limits.
3. Stake Your LP Tokens – Deposit your LP tokens into an active pool.
4. Monitor Your Rewards – Rewards update daily, and you can track them in your Dexlyn dashboard.
5. Withdraw After Three Months – Once the pool duration ends, claim your rewards and staked LP tokens.
6. Reward Claiming Period – Rewards can be claimed 24 hours after the staking period ends. This ensures that final calculations and distributions are accurately processed before withdrawals are enabled.

Important: LP Staking on Dexlyn is only available for liquidity providers in the $SUPRA-$dexUSDC pool. Ensure your LP tokens are from this specific pool before attempting to stake, as LPs from other pools are not eligible.

How to Add LP Tokens to Your Starkey Wallet

When you stake LP tokens on Dexlyn, you may need to add them to Starkey Wallet to track your holdings. The process is similar to adding other tokens, with the key difference being that you will need the LP contract address.

Step 1: Get the Required Tokens ($SUPRA & dexUSDC)

Before you can provide liquidity, you need to have both assets that make up the liquidity pool.

1. Swap or acquire dexUSDC and $SUPRA on Dexlyn or through your preferred method.
2. Ensure your wallet is connected to Supra Network on Starkey Wallet.

Step 2: Deposit Liquidity into the SUPRA-dexUSDC Pool

Once you have both tokens, you can provide liquidity to earn LP tokens.

1. Go to the Liquidity Section on Dexlyn.
2. Select the SUPRA-dexUSDC pool.
3. Enter the amount of SUPRA and dexUSDC you want to provide.
4. Click “Deposit” and approve the transaction in your Starkey Wallet.
5. Once confirmed, you will receive LP tokens in your wallet.

Step 3: Add LP Tokens to Your Starkey Wallet

By default, LP tokens may not be visible in your wallet. You need to add them using the LP contract address.

1: Open Starkey Wallet

• Ensure your Starkey Wallet is connected to Mainnet (not Testnet).

2: Open Token Management

• Click on the Pencil icon beside the search bar.

3: Add Custom Tokens

• Navigate to Manage Token and click the + icon to add a custom token.

4: Select the Correct Network

• Click the dropdown menu and select Supra Network

5: Enter the LP Contract Address

• Copy the LP contract address from Dexlyn’s staking dashboard or liquidity page.
  You can find it here as well:

  0x22a28a1b5264935d4778d542b1e84bca8879cf78f6183e1a9429b56a40a1a7c4::lp_coin::LP<0x1::supra_coin::SupraCoin, 0x8f7d16ade319b0fce368ca6cdb98589c4527ce7f5b51e544a9e68e719934458b::hyper_coin::DexlynUSDC, 0xdc694898dff98a1b0447e0992d0413e123ea80da1021d464a4fbaf0265870d8::curves::Uncorrelated>
• Paste it into the Network Address field in Starkey Wallet.

6: Confirm and Add LP Tokens

• Click Add Token or Confirm to finalize the process.
• Your LP tokens will now be visible in your Starkey Wallet.

This allows you to track your staked LP tokens directly in your wallet and monitor rewards efficiently.

Things to Keep in Mind

• Only LPs from the SUPRA-dexUSDC pool are eligible for staking.
• Once staked, LP tokens are locked for three months. You cannot withdraw them early.
• APYs vary between pools. Check the available rates before committing.
• Rewards update daily, but final claims happen at the end of the staking period.

Final Thoughts

LP staking on Dexlyn provides liquidity providers with an additional way to earn while supporting the ecosystem. The structured pool system ensures fair distribution of rewards and allows users to enter staking at different stages. If you’re already providing liquidity, staking your LP tokens is an easy way to make the most out of your participation.

Get started with LP staking on Dexlyn today and put your liquidity to work!

How Do Liquidity Pools Work?

Liquidity pools are collections of tokens provided by users, known as liquidity providers, that help facilitate decentralized trading. Instead of relying on traditional order books, which match buyers and sellers, LPs allow trades to happen directly using the tokens in the pool. Liquidity providers contribute their tokens to these pools, making it possible for others to swap tokens instantly.

How Do They Work?

Here’s a breakdown of how liquidity pools and Automated Market Makers (AMMs) work together.

Liquidity Providers Add Tokens

• Users deposit pairs of tokens into a liquidity pool. For example, if someone adds $ETH and $USDT to a pool, others can swap between these tokens.

AMMs Set Prices

• Automated Market Makers (AMMs) use algorithms to set the price of tokens in the pool. The price is determined by the ratio of tokens within the pool. For instance, if there’s more $ETH than $USDT in the pool, the price of $ETH will rise relative to $USDT.

Trades Adjust the Pool

• When someone trades through the pool, the ratio of tokens shifts. If a user swaps $ETH for $USDT, the amount of $ETH in the pool decreases, while the amount of $USDT increases. This slight change in ratio adjusts the price of both tokens.

Earning Rewards

• Liquidity providers earn rewards from the trading fees generated whenever a swap occurs in the pool. These fees are distributed proportionally based on each provider’s share of the pool, rewarding them for their contribution.

Different Types of Liquidity Pools

Single-Sided Pools

Single-sided liquidity pools are straightforward: users only need to deposit one type of token. This type of pool is easier for users who don’t want to manage multiple tokens or deal with price fluctuations between two assets. You contribute a single token, and the Automated Market Maker (AMM) manages the rest. Single-sided pools reduce the complexity for liquidity providers while still allowing them to earn rewards from trading fees.

Two-Sided (Dual Token) Pools

In two-sided pools, also known as dual-token pools, liquidity providers must deposit two different tokens in a specific ratio. For example, you might deposit $ETH and $USDT in a 50/50 ratio. These pools are commonly used across decentralized exchanges and offer more flexibility for traders. The tokens in the pool must maintain their ratio, and as trades occur, the ratio shifts slightly, impacting the prices of both tokens.

Cross-Chain Liquidity Pools

Cross-chain liquidity pools allow users to provide liquidity across different blockchains. While this feature is a future enhancement for Dexlyn, it opens up a lot of possibilities. Cross-chain liquidity pools will let users add liquidity from different blockchain networks, making it easier to trade tokens between those chains. As Dexlyn continues to grow, this feature will be key to expanding liquidity options beyond a single blockchain.

User Rewards on Liquidity Pools

One of the main incentives for providing liquidity is the opportunity to earn rewards from trading fees. Every time someone trades using the liquidity pool, a small fee is charged. As a liquidity provider, you earn a share of those fees, proportional to the amount of liquidity you’ve contributed. The more trading activity in your pool, the more fees you can accumulate over time, making it a passive way to earn on your assets.

Governance Tokens

In some liquidity pools, providers can also earn governance tokens as rewards. These tokens give holders a say in the future of the platform, allowing them to participate in decisions such as upgrades, changes to fees, or the introduction of new features. With Dexlyn, governance participation through DexlynDAO is planned for the future, offering more control and rewards to those actively contributing liquidity.

Impermanent Loss

Impermanent loss is a concept that liquidity providers should be aware of. It happens when the price of the tokens in the liquidity pool changes compared to when you added them. If the price shifts significantly, you may end up with less value than if you had just held onto your tokens outside of the pool. However, the trading fees you earn can often offset this loss, especially in pools with high activity.

How to Add Liquidity on a Dexlyn Pool

Adding liquidity on Dexlyn is a straightforward process. Here’s how to do it.

Step 1: Connect your Web3 wallet

First, you’ll need to connect your Web3 wallet to the Dexlyn platform. Whether you’re using MetaMask or any other compatible wallet, make sure it’s funded with the tokens you plan to add to the liquidity pool.

Step 2: Choose the pool

Once your wallet is connected, browse the available liquidity pools on Dexlyn. Pick the pool you want to provide liquidity to, based on the tokens you hold and the potential rewards.

Step 3: Enter the amount of tokens

After selecting the pool, enter the amount of tokens you want to add. If it’s a two-sided pool, you’ll need to provide both tokens in the correct ratio (e.g., $ETH and $USDT in a 50/50 split).

Step 4: Confirm the transaction

Finally, review the details, including any fees associated with the transaction. Once everything looks good, confirm the transaction. Your liquidity will be added to the pool, and you’ll start earning rewards based on the trading activity within that pool.

How to Create a New Pool on Dexlyn

Creating your own liquidity pool on Dexlyn is easy. Follow these simple steps.

1. Connect your Web3 wallet
   First, connect your Web3 wallet to Dexlyn. Make sure you’ve got the tokens ready for the pool you want to create.
2. Navigate to the “Create Pool” section
   Once your wallet is connected, head to the “Create Pool” section on the platform. This is where you’ll set up the details of your new liquidity pool.
3. Select the tokens
   Choose the tokens you want to add to your new pool. If you’re creating a two-sided pool, you’ll need to select two different tokens, such as $ETH and $USDT.
4. Set the initial ratio
   Determine the initial ratio of the tokens in the pool. For example, you might want an equal 50/50 split between the two tokens. This ratio will affect the starting price for trades in the pool.
5. Confirm and launch your pool
   Review all the details, and once everything looks good, confirm the pool creation. Your pool will now be live, ready for other users to add liquidity or trade using the tokens you’ve provided.

Conclusion

Liquidity pools are a core feature of decentralized exchanges, allowing users to trade tokens smoothly without needing traditional order books. By adding liquidity to these pools, users can earn rewards from trading fees, making it a win-win situation. Whether you’re joining an existing pool or creating a new one, Dexlyn makes the process simple and accessible. Plus, as the platform grows, more features and tokens will become available.

Tap into Dexlyn’s liquidity pools today. All you need to do is, connect your wallet, start adding liquidity, or create your own pool. It’s time to take full control of your DeFi experience and start earning while you trade.

Built on the Supra Network, Dexlyn brings together advanced multi-chain trading capabilities and user-friendly features. Whether you’re looking to swap tokens, bridge assets across chains, or explore new investment opportunities, Dexlyn provides the tools you need in a straightforward and reliable way.

Understanding Decentralized Exchanges and Dexlyn

A decentralized exchange, or DEX, is a platform that lets people trade cryptocurrencies directly with each other. Unlike traditional exchanges, DEXs don’t rely on a central authority to manage trades or hold funds. Instead, they use smart contracts — automated pieces of code on the blockchain — to process trades securely and transparently. This gives users more control over their assets, allowing them to trade without intermediaries, maintaining privacy and reducing risks related to central failures.

What is Dexlyn?

Dexlyn is a decentralized exchange built on the Supra Network. It takes the key benefits of a DEX and adds advanced features to make trading easier and more efficient. Dexlyn will soon allow users to trade tokens across different blockchains and manage liquidity in a fully decentralized setup. Currently, it supports Aptos and Supra as compatible chains, with plans to expand to more blockchains in the future. Participation in governance decisions through DexlynDAO is also coming soon, giving users the ability to influence platform decisions and upgrades. At its core, it uses Automated Market Maker (AMM) technology to automatically balance supply and demand, allowing for continuous and secure trading without needing traditional order books or middlemen. With Dexlyn, everything from trading to liquidity management is simple, accessible, and completely decentralized.

The First DEX on Supra Network

Dexlyn is built on the Supra Network, a blockchain ecosystem designed for high-performance and cross-chain trading. This gives Dexlyn the foundation it needs to offer fast and secure decentralized trading.

High Performance and Scalability

Supra Network’s capacity to handle up to 500,000 transactions per second (TPS) lets Dexlyn process large trading volumes without delays. With sub-second finality, trades are confirmed almost instantly, so users get a quick and smooth trading experience.

Cross-Chain Compatibility

Supra Network’s architecture supports trading across multiple blockchains. This compatibility allows Dexlyn users to trade a wide range of digital assets without the hassle of complicated bridging processes.

Decentralized and Secure

Supra’s globally distributed nodes add a layer of security, reducing the risk of disruptions. Additionally, real-time data feeds keep Dexlyn updated with accurate information, supporting stable and reliable trading.

Supra Network provides Dexlyn with a strong technical base, making it easier to offer a versatile and secure decentralized exchange.

Key Features of Dexlyn

1. Trade and Swap

Dexlyn makes trading simple with its Automated Market Maker (AMM) protocol. Users can connect their Web3 wallets and trade tokens directly without needing an intermediary. The platform offers secure and quick swaps, making it easy for users to exchange digital assets.

The AMM protocol automatically balances the reserves of tokens in liquidity pools and adjusts prices based on supply and demand. This automated system keeps trades flowing smoothly, without requiring traditional order books.

2. Liquidity Pools

Dexlyn allows users to contribute to liquidity pools, which are essential for maintaining the trading environment. By adding their assets to these pools, users can earn rewards from trading fees, making it a win-win setup for both traders and liquidity providers.

Liquidity pools on Dexlyn provide a steady flow of assets, which helps keep trading conditions optimal. When users contribute their assets, they earn a share of the fees collected from trades in the pool, incentivizing continuous participation. Liquidity providers also play a key role in the functioning of AMM protocols, helping maintain balanced markets on the platform.

3. Bridges

Dexlyn supports cross-chain asset transfers, making it easy for users to trade tokens across different blockchains without extra steps or complexity. Supra Network helps Dexlyn provide a smooth trading experience for users who want to move assets across different networks.

4. IDO Launchpad

Dexlyn’s Initial DEX Offering (IDO) launchpad lets new projects raise funds and launch their tokens directly on the platform. This creates opportunities for users to invest early in promising projects. The IDO launchpad is a key feature for projects looking to gain traction and secure liquidity from a broad DeFi audience.

Users can participate in IDOs by providing liquidity in a decentralized setup. The launchpad offers a secure and accessible way for new projects to gain traction while giving users the chance to support and invest in them.

5. Digital Identity with SNS

Dexlyn features an SNS (Supra Name Server, with extension .supra) that provides a decentralized way to manage digital identities. This feature simplifies identity verification and gives users a secure way to represent themselves on the platform.

SNS assigns each user a unique digital identifier that can be used for transactions and interactions on the platform. This system helps maintain privacy and security while optimizing the user experience.

Privacy and Security

Dexlyn places a strong emphasis on user privacy. As a fully decentralized platform, Dexlyn operates with governance that isn’t controlled by a single entity. Its protocols are non-upgradable and resistant to censorship, which means there are no backdoors or hidden changes. This setup keeps control in the hands of the users and protects their activities from external interference.

When it comes to security, Dexlyn uses Automated Market Maker (AMM) technology to keep trading efficient and automated, reducing the need for human intervention. Additionally, Dexlyn’s smart contracts are regularly audited to identify and fix any vulnerabilities. The platform also undergoes periodic security reviews to keep its trading environment safe and reliable for all users.

Dexlyn’s Competitive Advantages

Dexlyn stands out not just because of its foundation on the Supra Network but also due to its unique features that create a smooth and efficient trading experience. It’s designed to offer high performance, cross-chain trading, and a user-friendly development environment — all while keeping security and community at the forefront.

High Performance and Scalability

Dexlyn can handle a huge number of trades with its capacity of up to 500,000 transactions per second (TPS). This capability, along with sub-second confirmations, means users get a fast and responsive trading experience without the wait.

Cross-Chain Interoperability

Trading assets across different blockchains is straightforward with Dexlyn. By supporting cross-chain functionality, Dexlyn helps users access and trade a wide variety of assets, increasing liquidity and reducing barriers to trading.

Developer-Friendly Environment

Dexlyn’s infrastructure includes built-in tools and supports multiple blockchain ecosystems, making it easier for developers to create new features and expand the platform’s functionality. Supra Token incentives further encourage developers to build and innovate within the Dexlyn ecosystem.

Enhanced Security and Reliability

With its decentralized setup and smart contract audits, Dexlyn ensures secure and reliable trading. The platform is continuously monitored and updated to maintain a safe trading environment for users.

Future Decentralized Governance with DexlynDAO

Dexlyn has plans to launch DexlynDAO, a decentralized governance model that will allow the community to have a say in platform decisions. This gives users the opportunity to shape Dexlyn’s future and contribute to its growth.

Cross-Chain Liquidity Network

Dexlyn is also building a cross-chain liquidity network to connect different blockchains. This network aims to reduce fragmentation, making trading between blockchains simpler and more fluid.

Getting Started with Dexlyn

Getting started with Dexlyn is straightforward. All you need to do is connect your Web3 wallet to the platform, and you’re ready to trade, provide liquidity, or participate in IDOs. The platform supports popular Web3 wallets, making it easy for users to dive right in. Whether you want to trade tokens, earn rewards through liquidity pools, or explore new projects launching on the IDO platform, Dexlyn offers a user-friendly entry point.

For those who want to dig deeper, Dexlyn provides detailed documentation. These resources are designed to help developers, traders, and liquidity providers understand how the platform works and how they can make the most of its features. Whether you’re building on Dexlyn or just exploring its trading tools, everything you need is easily accessible.

Conclusion

Dexlyn is more than just a decentralized exchange — it’s a complete DeFi ecosystem built on the Supra Network. As the first DEX on Supra, Dexlyn offers everything from trading and liquidity pools to cross-chain asset transfers and an IDO launchpad. With its focus on user privacy, security, and a future-driven approach with DexlynDAO, it’s designed to provide a reliable and versatile trading experience.

Ready to get started? Check out Dexlyn, connect your Web3 wallet, and experience decentralized trading with confidence.