> For the complete documentation index, see [llms.txt](https://blex-1.gitbook.io/untitled/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://blex-1.gitbook.io/untitled/tutorial/earn.md).

# 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.

<figure><img src="https://4070069556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRCfcJDQ0Ykwg37SHvHsb%2Fuploads%2Fbb0sCjhDty66Dn07INhR%2Fimage.png?alt=media&amp;token=3ee66bcd-f894-48b0-b5b9-7b06a6e88a57" alt=""><figcaption></figcaption></figure>

#### **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.&#x20;

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

<figure><img src="https://4070069556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRCfcJDQ0Ykwg37SHvHsb%2Fuploads%2FiBgFPi0NXfg0vt1TvaRN%2Fimage.png?alt=media&amp;token=3cc97301-7fe6-4590-9ae1-2dacbc321c99" alt=""><figcaption></figcaption></figure>

You can not redeem your USDT for 15 minutes after minting $BLP.&#x20;

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.

<figure><img src="https://4070069556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRCfcJDQ0Ykwg37SHvHsb%2Fuploads%2Fh3xNAoFdhuq2vNnJxF7o%2Fimage.png?alt=media&amp;token=a92c14ac-6808-495b-95ff-c4a26b770eed" alt=""><figcaption></figcaption></figure>

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.&#x20;

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…&#x20;

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.

<figure><img src="https://4070069556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRCfcJDQ0Ykwg37SHvHsb%2Fuploads%2FqmgpjA1Hzw7S74U08rqJ%2Fimage.png?alt=media&amp;token=8c5a428d-c4dd-4716-a8e3-4186555c45a7" alt=""><figcaption></figcaption></figure>