xSigma Guides
  • Welcome to xSigma
  • Quickstart Guides
    • What is xSigma?
    • How to use xSigma
    • How to become an LP to earn rewards
    • SIG Token & DAO
    • What does LP mean?
    • Rewards for Early LPs
    • Stablecoin exchange
  • FAQs
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    • Wallets FAQ
  • SIG Token
    • Disclaimer
    • DAO
    • SIG Total Supply & Distribution
    • Earning SIG
    • Buying SIG
    • Burning SIG
  • SIG LP Token
    • 〽️ Fee Payout for LPs
  • Glossary
  • Whitepaper
  • xSigma Lab
  • 🎁xSigma v2
    • Updates for Version 2 Launch
    • Why You Should be an LP In xSigma V2
  • 🖐️BSC
    • xSigma BSC Overview
    • Migration Guide
      • Why migrate?
      • How to migrate?
      • Step-by-step guide
    • Basics
      • Connect your wallet
      • Transfering your assets
  • 🚊ETH v2
    • xSigma ETH v2 Overview
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SIG LP Token

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Last updated 4 years ago

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SIG LP stands for xSigma Liquidity Provider Token. It represents a pool share in the main stablecoin DAI/USDC/USDT pool.

For example, if the pool has 20M locked in stablecoins, that means ~20M SIG LP tokens were minted and each of them can be withdrawn anytime to get back the underlying stablecoins.

SIG LP is different from the .

SIG LP value only consists of the stablecoins it captures and the exchange fees it accumulates.

What is Virtual price?

On launch, 1 SIG LP token equals 1 unit of stablecoin, meaning approximately 1 USD. Over time, fees accumulated in an exchange generate additional stablecoin amounts, so each pool share has more underlying stablecoins.

Virtual Price is the current dollar amount of stablecoins under each pool share.

SIG token