FIVA
  • FIVA Overview
    • Introduction
    • Problem & Solution
    • Importance to the Space
  • FIVA Mechanics
    • Glossary
    • Understanding the Basics
    • Protocol Components
      • SY (Standardized Yield Token)
      • Yield Stripping
      • PT (Principal Token)
      • YT (Yield Token)
      • FIVA's AMM Design
    • Fee Structure
    • P&L in FIVA
    • FAQ
  • FIVA Manual
    • Getting Started
    • Use Cases
    • PT - Fixing Yield
    • YT - Leveraged Yield Farming
    • LP - Liquidity Provision
    • Mint - Get Liquidity from Future Yields Today
    • Arbitrage Opportunities
  • FIVA Strategies
    • EVAA
      • PT - Fixed USDT Yield
      • YT - EVAA Point Farming with up to 250x Multiplier
      • LP - Enhancing Your EVAA Returns
      • Mint - Get you Future USDT Yield now
    • Ethena
      • PT - Fixed USDe Returns
      • YT - Farming Ethena Airdrop with 60x Multiplier
      • LP - Multiple Income Streams
    • Storm Trade
      • PT - Fixed Yield on SLP
      • YT - Efficient Reward & Yield Farming on Storm
      • LP - Maximizing Returns from Storm Vaults
      • Max Supply - Determination Framework for Storm SLP Market
    • Tonstakers
      • LP - Enhancing Your Tonstakers Returns
  • FIVA Rewards
    • The Points System
    • Genesis Pass Collection
  • FIVA Pioneers Campaign
  • Security
    • Risks
      • Smart Contract Risk
      • Underlying Protocol Risk
      • Oracle Risk
      • PT Risks
        • Market Risk
        • Liquidity Risk
      • YT Risks
        • Market Risk
        • Implied Leverage
        • Zero Value at Maturity
        • Liquidity Risk
      • LP Risks
        • Impermanent Loss
        • Market Risk
        • Additional Considerations for LPs
    • Audit Report - Tonbit
  • Developers
    • SDK
    • npm package
    • Integrating Fixed-Rate Staking
      • SDK - Guide for Fixed Staking
      • API - Pools Metrics Endpoint
  • Links
    • Website
    • Telegram App
    • Telegram Channel
    • Telegram Community
    • X (Twitter)
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On this page
  • Why Provide Liquidity to Ethena Pools?
  • How to Provide Liquidity: Step-by-Step Guide
  • Automated Flow (Recommended)
  • Manual Flow (For Advanced Users)
  • Benefits Summary
  • Summary
  1. FIVA Strategies
  2. Ethena

LP - Multiple Income Streams

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Last updated 12 days ago

Why Provide Liquidity to Ethena Pools?

FIVA introduces a unique approach to liquidity provision for Ethena USDe. Unlike traditional AMMs that require token pairs, FIVA lets you provide liquidity using just your USDe deposits. This means your Ethena position can generate multiple streams of revenue simultaneously.

When you become a liquidity provider in FIVA's Ethena pool, you earn from four valuable sources:

  1. Your original Ethena yield continues generating returns

  2. Trading fees from market activity (up to 0.5%)

  3. Ethena points with additional multiplier

  4. FIVA points with special multipliers

With this multi-stream approach, your USDe deposit works significantly harder than a standard Ethena position, maximizing your overall returns.

A key advantage of FIVA's liquidity pools is their minimal impermanent loss risk compared to traditional AMMs. This risk is further reduced at maturity as the token values converge, providing more predictable returns for liquidity providers. Learn more about impermanent loss in this .

How to Provide Liquidity: Step-by-Step Guide

Automated Flow (Recommended)

Our streamlined process for providing liquidity requires just a few steps, but involves two separate transactions you'll need to confirm:

Step 1: Access the Pools Section

  1. Navigate to the Pools section in FIVA

  2. Select the Ethena USDe pool

Step 2: Use the Automated Process

  1. Enter the amount of USDe you want to provide as liquidity

  2. Click "Provide Liquidity"

  1. Confirm the first transaction to mint PT tokens

  2. Confirm the second transaction to complete the LP position

Important Note: This automated flow goes through the minting process, which means you'll receive YT tokens as a byproduct. These YT tokens will appear in your wallet and can be used for leveraged farming or sold in the market.

Capital Efficiency Consideration: If you don't want to receive YT tokens and there's sufficient liquidity in the pool, you may prefer the manual method of buying PT tokens directly from the market. This approach can be more capital efficient when there's good liquidity, as you avoid the spread between minting and market rates.

For users seeking maximum simplicity, the automated flow handles the complexity for you, while those optimizing for capital efficiency may prefer the manual approach depending on current market conditions.

This automated process handles all the complexity behind the scenes, creating a seamless experience.

Manual Flow (For Advanced Users)

If you already have PT tokens or prefer more control:

Step 1: Prepare Your Tokens

  • Your USDe tokens

  • PT tokens for Ethena USDe

Step 2: Obtain PT Tokens (if needed) You have two options for getting PT tokens:

  1. Mint them directly in the Markets section

  2. Buy from existing liquidity pools

Step 3: Provide Liquidity Manually

  1. Navigate to the Pools section

  2. Select the Ethena USDe pool

  3. Enter the amounts of USDe and PT tokens

  4. Complete the transaction

Monitor Your Position

Track your position through the Dashboard, which shows your current PnL. Note that this PnL display focuses on underlying yield performance and doesn't include Ethena or FIVA points.

Benefits Summary

  • Continue receiving your Ethena USDe yield

  • Earn trading fees from market activity (up to 0.5%)

  • Accumulate Ethena points (with delegation properly set up)

  • Earn FIVA points with special multipliers

  • Experience minimal impermanent loss risk when held to maturity

Summary

By providing liquidity in FIVA's Ethena pool, you transform a standard stablecoin position into a multi-faceted earning opportunity. You'll continue to receive your base Ethena yields while collecting trading fees and various protocol rewards – all while experiencing minimal impermanent loss risk, especially when held to maturity.

This approach maximizes the earning potential of your stablecoins while maintaining the security and stability that Ethena users value.

To monitor your Ethena points, you'll need to check Ethena's interface after completing the delegation process (connecting your TON wallet with an Ethereum address for rewards). Detailed guide how to collect Ethena Points can be found in this .

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