> For the complete documentation index, see [llms.txt](https://docs.dexponent.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.dexponent.com/stakeholders-guide/liquidity-providers.md).

# Liquidity provider guide

## 1. Choose a DTF

Compare the DTF type, accepted deposit asset, manager, strategy, holdings or positions, available performance history and fees. Check whether displayed results are live, historical or illustrative.

For Perpetual DTFs, also review leverage, liquidation exposure and withdrawal settlement. A high historical return is not a promised APY.

## 2. Deposit

1. Open the selected DTF in the [beta app](https://beta1.dexponent.com/).
2. Connect the intended wallet on Base and choose the deposit action.
3. Enter an amount in the supported base asset.
4. Review the estimated shares, transaction costs and any minimum-received or slippage information.
5. Approve the token spend if requested, checking the spender and allowance.
6. Confirm the deposit transaction and wait for its confirmed status.

A token approval alone does not deposit assets. After the deposit completes, check your DTF share balance and position in the portfolio.

## 3. Track your position

Follow share balance, estimated position value, DTF NAV, manager activity and transaction history where displayed. Deposited value and current value can differ. A displayed estimate may change before a transaction executes.

**Example:** 500 shares at an indicative net share value of 1.08 USDC represent roughly 540 USDC. This is an estimate, not a guaranteed withdrawal quote.

DTF shares represent participation in that DTF. They are not bDXP, and they do not guarantee principal protection or a liquid secondary market.

## 4. Withdraw

1. Open your position and choose the withdrawal or redeem action.
2. Select the amount or shares to redeem.
3. Review the quoted output, costs and transaction request.
4. Confirm and track the result in your portfolio and wallet.

Spot and Index redemptions depend on available liquidity and successful execution. They can fail or require a refreshed quote.

**Perpetual redemptions may create a pending USDC claim.** Shares can be burned when that claim is created, before all USDC has been paid. Settlement depends on available funds and can occur in parts. Check amounts paid and amounts outstanding; do not assume a successful request means the entire withdrawal has arrived. Follow the app's settlement/claim instructions when available.

No universal instant-withdrawal promise applies to the beta.

## Rewards and support

Campaign rewards, when offered, are tracked separately from your investment. There is no automatic upfront DXP bonus or beta-token clawback rule in this guide. Each announced campaign must state its own terms.

See [beta rewards](/beta-rewards.md), [fees](/fees-and-costs.md) and [troubleshooting](/troubleshooting.md).