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$HIKLP Token

HIKLP is a liquidity receipt for depositors in the HIKLP Pool. Depositors receive 65% of protocol trading fees.

Users can provide liquidity to Hikari and receive $HIKLP tokens in exchange, representing their portion of the pooled assets.

  • $HIKLP symbolizes a basket of tokens used for swaps and trades, including stablecoins for short positions and non-stable assets for long leverage. Holders can mint or redeem $HIKLP for any token in the basket.
  • $HIKLP can be transferred or exchanged, integrating seamlessly with other DeFi protocols. Holding $HIKLP is similar to holding the basket of the underlying tokens as a portfolio, earning trading fees while accepting impermanent loss risk.
  • $HIKLP owners receive 65% of protocol revenues from leveraged trading and borrowing. Their returns are inversely correlated with leverage traders - profits increase when leverage trader make a loss and vice versa. Overall, $HIKLP allows liquidity providers to passively participate in Hikari's leveraged trading ecosystem.