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Product Docs
  • Welcome to AZKA FINANCE
  • AZKA Token Murabaha Overview
    • General
    • System Components
    • Protocol Architecture
    • Token Types
    • Use Cases
    • AZKA RoadMap
  • Murabaha Pools V1
    • Providing Liquidity
    • Pool Metrics
    • vROI
    • Murabaha Fee Rate Curve
    • Shariah Considerations
  • Executing Murabaha V1
    • Pre-Requisites
    • Initiating Murabaha
    • Executing Murabaha
    • Quote Methodology
      • Amount of Murabaha Token Required (AMTR)
      • Required Amount of Currency (RAC)
    • Shariah Considerations
  • Managing Murabaha V1
    • Managing Murabaha
    • Liquidation Parameters
    • Liquidation Mechanics
    • Shariah Considerations
  • Token Murabaha Risk Framework
    • General
    • Asset Risk
    • Liquidity Pool Risk
    • Liquidation Risk
    • Risk Parameters
  • AZKA Token Design and Tokenomics
    • General
    • Specific Utilities (AZKA, vAZKA, dLP)
    • Token Distribution
    • vAZKA
      • vAZKA Reward Distribution
    • dLP (Dynamic LP)
      • Initiating dLP
      • vAZKA Murabaha Eligibility
      • Managing Eligibility
      • Claiming vAZKA
  • Governance
    • General
    • DAO Structure and Policies
    • azTeams
  • Developer Docs
    • Murabaha Pools
    • Executing Murabaha
    • Liquidations
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  1. AZKA Token Design and Tokenomics
  2. dLP (Dynamic LP)

Initiating dLP

User Interactions

i) Go to dLP section of the AZKA UI and select either: Zap into dLP or Deposit LP

ii) The ZAP feature will require you to select any of the supported ZAP assets, the duration of your stake and the amount you want to ZAP (ie, 1000 USDC or 1 ETH, etc). This is particularly useful if you are wanting to initiate your 'Conditional eAZKA Rewards' for Murabaha related activity as it allows you to better asses eligibility. Once executed, your dLP balance will be initiated and you can benefit from its utility until expiration.

ii) If you have already deposited manually into the AZKA/ETH Uniswap LP, then just select Deposit LP and you will be prompted to select a duration and LP amount. Once executed, your dLP balance will be initiated and you can benefit from its utility until expiration.

iii) The UI will display the 'Virtual USD value' of your dLP position dynamically anytime you are connected to the UI. This is not the value of of your underlying Uniswap LP, rather it is the USD value of your underlying LP at any given point in time with your multiplier applied to it. The 'Virtual USD value' is used to support you in meeting the eligibility criteria for the 'Conditional eAZKA Rewards' allocated to Murabaha activity.

iii) If for whatever reason you want to increase your dLP's 'Virtual USD value', you can top up more LP tokens or extended the duration of your dLP position. The greater the 'Virtual USD value' of your dLP, the higher your vROI for 'unconditional rewards' will be. You may also need to increase your dLP's virtual value to be eligible for 'Conditional Rewards'.

Zapping Into AZKA/ETH LP

Allocating to the AZKA/ETH LP in the exact amounts needed to satisfy an efficient deposit to the pool can be tricky due to price impact, pool ratios and slippage. AZKA's ZAP function allows a user to allocate to the pool starting with any of the permitted tokens rather than a composition of AZKA and ETH.

The dLP modal in the UI will have the option to ZAP into the AZKA/ETH LP and receive the underlying LP token before time locking it for dLP making it easier for users to participate in the dLP program.

In the initial phase; to mitigate sell pressure on the AZKA token price; the ZAP feature will only be available for ETH, USDC, USDT.

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Last updated 1 year ago