🪙How to Earn

waveX is a liquidity pool-based perpetual DEX built on Soneium. Traders can open leveraged positions using assets provided by Liquidity Providers (LPs) via the ‘Earn’ page. LPs deposit assets into the LP pool and receive WLP tokens in return.

1. Navigate to the Earn Page

2. Select an Asset to Provide Liquidity

• Choose an asset from the list to provide liquidity.

3. Purchase WLP (Provide Liquidity)

1) In the 'Buy/Sell WLP' section, LPs can purchase WLP.

• WLP represents the value of assets in the LP pool.

2) Select the 'Buy WLP' tab.

3) Enter the amount of assets to supply.

4) Click 'Buy WLP'

5) Confirm the transaction in your wallet.

• You must first approve the transaction if this is your first time providing liquidity.

6) After a successful transaction, your WLP balance will increase.

4. Sell WLP

1) Go to the 'Buy/Sell WLP' section and click the 'Sell WLP' tab.

2) Enter the amount of WLP to sell.

3) Choose the asset to receive from selling WLP.

• Be mindful of the Withdrawal Limit and fees.

4) Click 'Sell WLP'.

5) Confirm the transaction in your wallet.

6) Once successful, your WLP balance decreases, and the withdrawal asset balance increases.