🏦Providing Liquidity to Overtime
Be the house!
Anyone can provide liquidity for the Overtime's Sports AMM and gain exposure to it's performance.
User funds deposited in the Sports AMM will be used as collateral for all bets bought on the Overtime dapp. Liquidity Provisioning is available on both Optimism and Arbitrum.
Deposit and Withdrawal mechanics
The deposited USDC or WETH will be used to collateralize the Sports AMM on a weekly round basis. A single game can only belong to one round, which is defined based on the maturity date of the market (game end). When a round ends, the AMM's performance from all markets in that round is summed up, and allocated to all liquidity providers proportional to their share of the pool.
Each LP-ing round lasts 7 days.
User can Deposit at any time during any round. The deposited funds will be utilized as collateral in Sports AMM starting with the next round from time of Depositing.
Your deposited funds roll over to next round automatically until a Withdrawal is signaled.
User can signal a Withdrawal at any time during any round. Withdrawals are limited to no less than 10% of your total deposit.
The funds that are signaled for Withdrawal will be unlocked at the start of the next round from time of signaling.
If you signal a Withdrawal, your funds will still be exposed as collateral for the duration of the ongoing round and will only be removed as collateral when the round ends.
Providing liquidity exposes you to various risks including potential losses due to users winning in trading as well as smart contract security risks. Please make sure you understand these risks before depositing.
Guide for Providing Liquidity to Overtime's Sports AMM
Navigate to the Liquidity Pool page on the Overtime dapp:
As you can see on the page, you can provide USDC or WETH liquidity in respective pools. USDC will collateralize trades from users executed with stablecoins and WETH will collateralize trades from users executed with ETH/WETH.
THALES token LP pool is not open for external providers.
Depositing USDC or WETH to provide liquidity for the Sports AMM
Step 1: Connect your wallet and navigate to the LP page
Connect your wallet to the Overtime dapp on the top right corner of the page. Once connected navigate to the Provide Liquidity Page. Make sure the toggle is set to either "USDC" or "WETH" depending on your preference.
You can also reach each individually using these links
Step 2: Enter the amount of USDC or WETH you wish to DEPOSIT
Step 3: Approve expenditure by clicking APPROVE
Step 4: Click on Deposit toggle and confirm the transaction
You can view your current deposits from your Profile under the LP tab
Withdrawing USD from the Sports AMM or Parlay AMM
To withdraw, you must have USDC or WETH deposited in the current round.
Step 1: Connect your wallet
Connect your wallet to the Overtime dapp on the top right corner of the page.
Step 2: Click on the REQUEST WITHDRAWAL button
Step 3: Wait for current round to end to receive your funds directly to your wallet
Once you've successfully requested a withdraw, you'll see the estimated amount you'll receive at the end of the current round in yellow. The actual amount you'll receive will be calculated once the current round closes and is based on the PnL of the round.
You cannot deposit when you have a pending withdrawal until the round has ended and you've received your deposit. Once the current rounds ends your collateral will be automatically sent to you.
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