🗃️ALP Platform Liquidity Token

As the skeletal backbone of Automatic, ALP enables traders to open and close trading positions on the platform. Because of its critical nature, Automatic offers the lion's share of rewards to platform liquidity providers over all other Automatic products. Simply providing liquidity to Automatic through ALP entitles users to 73% of net platform fees, rATP staking rewards, and rATP capital protection rebates.

Features

• ALP liquidity providers receive 73% of net platform fees (staked automatically)

• ALP liquidity providers earn Automatic's rATP Rebate Token, which shields LP's against potential loss and offers holders a percentage of platform fees

• ALP liquidity providers earn additional rATP if they sustain a net quarterly loss, provided that they've deposited collateral into the ALP index for >90 days

• Liquidity providers should expect a 1 hour time-delay between minting and redeeming ALP; in other words, if you deposit LINK as collateral, you're unable to withdrawal that LINK for 60 minutes

📍ALP Staking for LP's

ALP Index

There is no maximum supply for ALP; ALP is not tradeable and does maintain a traditional liquidity pool or pairing on Uniswap/Sushi/Quick/Kyber, etc. The starting supply is 0. ALP is minted and destroyed as liquidity providers add/or remove liquidity over time.

🧮Tradable Index Assets

Indexable Asset C-Ratio

Target Weight Incentives

• For an over-represented index asset, trade fees may increase slightly

• For an under-represented index asset, trade fees may decrease slightly

Indexable Asset C-Ratio Rebalancing

The vault automatically swaps assets to achieve the target weights for each asset deposited within the vault every 7 days (once per week).

ALP is automatically minted and staked based on underlying assets deposited as collateral.

⚖️Index Rebalancing

Index Assets Subject to Modification

ATG holders determine whether to adjust indexable asset target weights, as well as whether to add new assets or remove existing assets. Adding new assets which are not currently bridged to Polygon will require additional steps, but are nonethless determinable by ATG holders through governance procedures.

Initial ALP maximum index Ceiling

• Week 1: $1,500,000

• Week 2: $3,000,000

• Week 3: Ceiling Permanently Removed

🛡️rATP Rebate Token