OLP

A breakdown of OLP and its functionalities

OLP is the primary market maker leaving orders in the OX.FUN orderbooks. When a user matches one of these orders, both sides enter positions with OLP opposite the user.

For example: A user market buys 1 BTC that matches with a limit sell order OLP has in the books, the user now has a 1 BTC long while OLP is 1 BTC short.

In exchange for taking on this risk, the OLP charges hourly funding fees calculated by multiplying the position size by the funding rate. The

STAKING

OLP can be staked by anyone with an asset allowed as collateral on the exchange. For non-OX assets, the value of your stake will be calculated by [index value of the deposit]*[LTV of deposited asset]

Staked funds are used to market make on the exchange. They take on a proportion of all the active OLP positions and receive the funding payments from them.

For example: There are $90 dollars in OLP and you stake $10, bringing the TVL in OLP to $100. You now make up 10% of the OLP, and will make 10% of the PNL and funding fees from its positions.

Collateral has the same LTV when staked to OLP as it does when used to trade.

For example: ETH has an LTV of .90. Depositing $10 ETH into OLP results in a staked position value of $10*.90 = $9 .

You can view the current OLP positions at any time here, and stake/unstake here. Withdrawals and deposits are processed every hour and there is no fee for either.