How it Works

1. Listing Locked LPs

  1. Connect Wallet: Users connect their Ethereum wallet to the Illiquids platform.

  2. Select Locked LP Tokens: From the user's portfolio of locked UNI-V2 tokens on supported platforms.

  3. Create a Listing: Enter the listing details, such as token quantity, price, and preferred payment method (QUIDS or ETH).

  4. Verification: Smart contracts verify the locked status and details of the LP tokens before listing them for sale.

  5. Approval: Once verified, the listing becomes available on the marketplace.

2. Buying and Selling Locked LPs

  1. Browse Listings: Buyers can explore the marketplace to find listed locked LP tokens.

  2. Initiate Purchase: Once a token is selected, the buyer initiates a smart contract transaction to execute the purchase.

  3. Settlement: The smart contract ensures the safe transfer of LP tokens from seller to buyer, and payment is sent to the seller (minus the 5% platform fee).

3. Payment Options

  • QUIDS: Users opting for QUIDS benefit from staking opportunities and other incentives.

  • ETH: For immediate liquidity, ETH can be chosen as a payment method.


Fee Structure

Illiquids operates on a transparent and sustainable fee structure:

  • Platform Fee: 5% fee on all transactions, deducted from the seller’s proceeds.

  • Fee Allocation:

    • Platform Development: 50%

    • Marketing & Partnerships: 20%

    • Liquidity Pools: 15%

    • Operational Costs: 10%

    • Reserve Fund: 5%

This fee structure ensures continuous platform development, operational sustainability, and liquidity incentives.

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