DASHBOARD (BOOSTS Practice guide)
Last updated
Last updated
Now that you have a theoretical understanding of BOOSTS, let’s dive into how you can acquire them practically. All the features you need to harness these BOOSTS are conveniently located in a single dashboard.
This area contains essential statistics such as:
TOTAL ASX LIQUIDITY: Displaying current liquidity data for ASX in both official pools (Uniswap & Balancer).
MY ASX LIQUIDITY: Here, you'll find details about the liquidity you've provided, such as its USD equivalent value, your share in the overall liquidity, and the Liquidity-to-Deposit Ratio—a critical factor that determines your BOOST size.
By default, BOOSTS are inactive for each user until they add liquidity positions in one of the two liquidity protocols and lock it for some period of time. Once activated, progress bars appear in this section showing your active BOOSTS and their values. A handy button sets optimal liquidity locking values, helping you achieve maximum BOOSTS with minimum effort.
This is the main area for providing and locking your liquidity. It's a 3-step process:
SELECT LIQUIDITY POOL:
Choose the protocol where you'll provide liquidity (Balancer or Uniswap v3).
Manually input the amount of assets or indicate a percentage of your Asymetrix deposit (Liquidity-to-Deposit ratio). Or choose one of the presets (3%/6%/9%). The minimum Liquidity-to-Deposit for getting BOOSTS is 3%. The maximum required Liquidity-to-Deposit ratio is 9%.
Remember, that In Balancer, assets should be contributed in a 20% ETH, 80% ASX ratio. In Uniswap v3, it’s a 50% ETH, 50% ASX ratio.
Select Locking Period:
The minimum locking period is one week, and the maximum is 30 weeks.
Confirmation Window:
This is where the size of your potential boosts will be calculated and displayed based on your chosen parameters. Confirm your choices and lock your position by pressing 'ADD LIQUIDITY AND LOCK'
After you lock a position, a list of all your provided liquidity positions will appear here. A user can add multiple positions to the liquidity pool. Each position will be displayed as a separate line. When the locking period ends, you'll have the option to extend the lock for continued boosts or a button to withdraw your position back to your address.
How is the BOOST Calculated for Multiple Positions? As you may recall, two factors are used to calculate the BOOST: the Liquidity-to-Deposit Ratio (LTD) and the Lock period. Here's how they're determined when a user has multiple liquidity positions. Let's check on a particular example. Imagine you have 3 liquidity positions:
7% of your deposit with an 8 weeks lock. 10% of your deposit with a 15 weeks lock. 3% of your deposit with a 30 weeks lock.
User LTD is simply calculated by adding them together. In this case, 7% + 10% + 3% = 20%.
In the case of Multiple Positions, the average Lock period is used to prevent cheating the system. In our example, the formula for three positions looks like this. You can extrapolate this formula for any number of positions you might have.
For our example, this becomes: User Average Lock Period = 8 x (7/20) + 15 x (10/20) + 30 x (3/20) = 14,8 weeks.