LP Tokens

ALP & RW-ALP are the platform collateral liquidity provider tokens - for the GMX-style Pool and for the Autonom Pool respectively. ALP & RW-ALP holders act as the counterparty to traders on Adrena.

By holding ALP & RW-ALP, you:

Provide liquidity for traders to open leveraged positions Earn a share of all trading fees (open, close, borrow) Are exposed to trader PnL (partially, depending on trade direction) For a deeper explanation of how the pool interacts with trader positions, see Peer-to-Pool Perp Model.

---

LP Sandwich Attack Mitigation

To prevent atomic mint-then-redeem attacks (where a bad actor adds liquidity and immediately removes it to extract value), Adrena enforces a time-based guard: liquidity cannot be removed in the same slot that it was added. The pool records the timestamp of the last deposit and rejects removal requests that arrive before it.