PlusX Learning Hub

Pillar 1

The Basics

Start here for the core LPX ideas: the family, the protocol, ratios, the band, and the risks.

What PlusX is

PlusX app screenshots; official LPX terms

PlusX is a family of tools built on PulseChain, a blockchain. Its motto is "Let it grow."

The family includes LPX, uP, uPX, ValidatorX, Smart Vaults, ShareX, and Loan Alarm.

PlusX runs as a private membership association. Its tools are made for members. This site teaches; it does not sell.

PlusX is a set of blockchain tools on PulseChain.

The tools are for members. This site only teaches you what they mean.

What LPX is

official LPX overview; official LPX whitepaper

LPX is a liquidity protocol. It sells a token when the price goes up. It buys it back when the price goes down.

LPX only trades when the trade itself is profitable. LPX is just a name. It is not short for anything.

LPX is software for a liquidity pool.

It tries to sell high and buy low. LPX is not an acronym.

Ratios, not dollars

official LPX whitepaper; official LPX overview

LPX reads the ratio between the Fund token and the Anchor token.

When the pool sells Fund, it buys Anchor at the same time. Every move is a swap of one side for the other.

This matters because a correct ratio trade can look wrong if you only watch dollars.

LPX compares two tokens.

One side is Fund. The other side is Anchor. A trade changes the mix.

Fund and Anchor ratio bar A horizontal pool row has Fund on the left and Anchor on the right. A marker shows LPX reading the ratio between them. Fund Anchor LPX reads the ratio
LPX looks at the Fund and Anchor ratio, not a dollar-only view.

The No-Trade Zone

official No-Trade Zone guide; official LPX overview

The NTZ is a price band. While the market price stays inside the band, the pool does not trade.

  • At the sell edge, the pool sells Fund.
  • At the buy edge, the pool buys Fund.
  • In between, it holds.

The NTZ is the quiet zone.

If price stays inside it, nothing happens. The pool trades at the edges.

No-Trade Zone band diagram A price line with a shaded hold zone. The bottom edge is labelled buy edge. The top edge is labelled sell edge. sell edge: pool sells Fund buy edge: pool buys Fund hold inside the band
The shaded No-Trade Zone is the hold area. The pool trades only at the labelled band edges.

Ratcheting

official No-Trade Zone guide; official LPX overview

After a trade, the band moves to follow the price. This is called Ratchet.

The band moves up after sells and down after buys. Its size stays the same.

After a trade, the band moves.

It follows the price so the pool can keep using swings.

Ratcheting band diagram Three equal bands step upward. Arrows show the band following the price after trades. band before trade band moves same size higher up band follows the price
Ratcheting means the band moves after a trade. Its size stays the same.

Where yield comes from

official uPX and LPX list; official LPX overview

LPX yield comes from two places: market-making spread and arbitrage after a market moves out of balance.

LPX only executes a trade when that trade itself is profitable.

Yield can come from buying lower and selling higher.

It can also come from fixing a market after traders move it.

Honest expectations

official LPX overview; official LPX whitepaper; official glossary and hard questions

LPX reduces impermanent loss risk. It does not remove it.

If a market only moves one way, LPX can end behind simply holding the token. The pool may sell during a pump and never get to buy back.

LPX is strongest when prices swing up and down.

LPX still has risk.

If price only goes one way, holding the token may do better.

LPX works best when price moves both ways.