FAQ

Q: What happens if I pull my funds from the liquidity pool during the epoch? Will I lose my rewards? A: Nope! There is no minimum time required in the pool to claim your rewards.

Q: Am I giving up custody of my assets? A: Nope. This is a fully self-custodial service. You are depositing your funds into a liquidity pool over which you have full control. You can withdraw your assets from the pool at any time, on your own accord.

Q: What are the fees? A: When using the First Ledger embedded wallet or Joey Wallet, there are no platform fees for depositing or removing liquidity from the pool. Additionally, there are no platform trading fees when swapping RLUSD directly on First Ledger. If you provide a single-sided deposit to any liquidity pool, you will pay the pool fee, which is determined by a weighted vote of the top eight holders of that LP. The pool fee can be viewed directly on the UI within the Pools page. This is applied at the protocol level, not the platform level. The same fee applies at the protocol level when you swap between XRP and RLUSD (or vice versa).

Fees accumulated from single-sided deposits, as well as trades between that pair, are then distributed back to the LP providers.