Earn

BLEX is a decentralized derivative trading protocol, which does not rely on professional market makers to provide liquidity, but introduces liquidity through the market.

BLEX’s liquidity pool is 100% composed of USDT. Therefore, LPs do not bear impermanent loss during the staking process.

Staking and Withdrawal

Preview and manage your shares

By clicking on the "Earn" page on the official website, you can see the option to buy or sell $BLP and preview your shares, including earnings and more.

Mint $BLP

You can directly select the "Buy" option on the "Earn" page, enter the amount of USDT and the protocol will mint the appropriate amount of $BLP based on the current $BLP price.

After signing the authorization through your wallet, you will successfully own the $BLP, which will belong to you personally in your wallet.

You can not redeem your USDT for 15 minutes after minting $BLP.

The dapp will calculate the APR for the previous 7 days and show the user the APR at midnight every Wednesday. (Updated weekly)

3. Withdrawal of Rewards

When you want to withdraw your earnings, click on the “Harvest” option to withdraw the pending rewards from your contract address to your wallet.

4. Burn $BLP

You can click on the “Sell” option on the “Earn” page to redeem your $USDT by entering the amount of $BLP you want to burn.

Please note that you may have to pay gas fees for this transaction.

After you withdraw your staked USDT, the protocol will automatically burn the corresponding amount of $BLP tokens.

More Products for LPs…

We will launch a new liquidity pool mechanism in BLEX V1.0, LPs can choose a liquidity pool that suits their personal risk preferences to provide liquidity.