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DocsPTYTFAQ

Liquidity

Providing liquidity

A pool position takes both sides of its pair at the current ratio and earns a share of everything traded through it.

There is no lock-up. A position can be withdrawn at any time, at whatever ratio of the pair the pool holds at that moment.

  1. 1

    Pick a pool

    The pools page sorts by pool liquidity, and every row opens its market.
  2. 2

    Deposit

    A position takes both sides of the pair at the pool’s current ratio.
  3. 3

    Earn

    Every trade through the pool pays its fee APR to providers, pro rata.
  4. 4

    Exit

    Withdraw at any time, at the then-current ratio of the pair.

What you withdraw is not what you deposited#

A PT pool position drifts toward all-PT as buyers take the fixed return off it, and toward all-USDG as sellers exit early through it. Neither drift is a loss by itself — PT converges to the token — but the mix you end up withdrawing is decided by the market, not by what you put in.