User Interface Explained
The vault page lets you deposit and withdraw your liquidity, as well as stake, unstake and claim rewards for the specific Perpetual Liquidity Pool. This page goes into each component of the user interface and elaborates more on the various sections and terminology used.
Let's explore each section of the vault's user interface:
How to Deposit
Locate 'Perp Pools' on the page and click 'Go to Vault'.
Decide how much $USDG to deposit.
You will receive $CPLT corresponding to your deposit.
Note: There are no deposit or withdrawal fees for BTCETH Perp Pool.
Your Positions
Your Total Deposit: The total amount of USD you have deposited as liquidity in the Pool.
CLP Balance: The available amount of CPLT you receive from depositing USD that can be staked to earn extra external rewards.
Your Stake: The amount of CPLT tokens you have currently staked in the Vault.
Vault Stats
The 'Vault Stats' section displays:
Total Value Locked: The total value of USD assets locked in the Pool.
Est. APY: The estimated Annual Percentage Yield for the Pool.
Vault Performance: Indicates the profitability of liquidity providers, including fees (such as funding rate and maker rebates) and traders' PnL.
By accessing this data, users can make informed decisions regarding their participation in the vault and optimize their strategies accordingly.
Liquidity Distribution
The 'Liquidity Distribution' section displays:
Liquidity Allocation: Indicates the amount of used liquidity and the maximum allocated liquidity for each market.
Current Liquidity Distribution: Provides real-time insights into the allocation of liquidity across different markets. For instance, if the displayed utilization rate is 94%, it signifies a corresponding borrow rate of 0.094% per hour.
This information helps you gauge the availability and utilization of liquidity within each market.
Your Rewards 🔜
To maximize your rewards, you should
Deposit USD into the Pool to start earning Trading APR, which includes a combination of traders' Profit and Loss (PnL), funding rate, and maker rebates.
Stake your CPLT in the Vault to earn bonus rewards.
How to Stake 🔜
Note: Staking is only for external rewards which is currently unavailable.
Stake: Go to the "stake" tab to stake your $CPLT tokens in the Vault to start earning external rewards. Your $CPLT tokens will be converted into Carbon EVM ERC20 $CPLT tokens.
Unstake: When you unstake your $CPLT tokens, you will stop earning external rewards but will still earn trading rewards APR and are still contributing $USDG liquidity to the Perp Pool.
Withdraw: Bridges $CPLT to Carbon Core and withdraws $USD liquidity from the Perp Pool.
How to Withdraw
Liquidity providers can withdraw their liquidity from the perpetual liquidity pool (and return the LP tokens) so long as they pay the relevant withdrawal fees, and sufficient funds are available.
A fee may apply for withdrawing liquidity / redeeming LP tokens.
Withdrawal Limits
The amount you can withdraw is dependent on the liquidity utilization rate.
If the funds are currently being utilized as liquidity, there may be insufficient available funds in the perpetual liquidity pool for you to withdraw.
When the utilization rate of the perpetual liquidity pool increases, so does the borrow fee for the traders. As borrow fees gradually increase, it encourages traders to close their positions, or funding rate arbitrageurs to take over the pool's positions, freeing up liquidity.
Once the pool's liquidity are freed up, more funds will become available for withdrawal.
Withdrawal Speed
Withdrawals take one block on Carbon, which is about 2 seconds.
To ensure the security of the perpetual liquidity pool, immediate withdrawal of assets is not permitted; As withdrawals are processed only at the end of each block, meaning that there will always be a waiting time of one block.
This protects the perpetual liquidity pool against sudden liquidity drains and prevents stakers from front-running PnL changes.
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