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PT/STRIP liquidity providers deepen the market between principal claims and STRIP. Every vault has its own PT/STRIP pool, and each pool’s liquidity flows through that pool’s PoolWrapper, which issues its own sWLP: the fungible, stakeable LP token and the only LP position that exists on that pool.

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Provide canonical liquidity

1

Choose a pool and hold both sides

Pick the vault whose pool you want to supply, then deposit that vault’s PT and STRIP proportional to the current pool ratio. Every pool is weighted 90/10 in favor of PT. See PT/STRIP Liquidity. Note that the STRIP/USDC convenience pool is not an emissions or boost venue; canonical liquidity means the PT/STRIP pools.
2

Deposit through the PoolWrapper

In the app’s liquidity view, enter your deposit. The wrapper takes both tokens at the prevailing ratio and mints sWLP representing your share of the canonical LP position.
3

Stake your sWLP

Stake sWLP in the LP staking pool to earn STRIP emissions and become eligible for Lockless Boost. Unstaked sWLP still represents your LP share and earns the LP portion of swap fees, but it does not earn emissions.

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What LP positions earn

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Exit

Unstake your sWLP and redeem it through the wrapper; sWLP redeems back into PT and STRIP at the prevailing pool ratio. Note that unstaking sWLP reduces your tracked STRIP exposure (the STRIP inside the position stops counting); if that drops you below your sustained floor, your Lockless Boost resets to 1x. Holding the redeemed STRIP in your wallet keeps it counting.
LP positions carry two-sided market exposure, including impermanent loss. Read Risks before providing liquidity.