# LP mechanics (PAI–BULX)

UNIKO uses PAI and BULX as a liquidity pair.

Key LP concepts to document for participants:

·      Liquidity depth: Larger LP depth reduces price impact for swaps.

·      Price impact and slippage: Large trades relative to pool depth may cause higher slippage.

·      Impermanent loss (IL): LP providers may experience value divergence versus holding assets directly if relative prices move significantly.

·      Fee and reward flows: Depending on protocol design, LP incentives may be sourced from fee routing, reward pools, or ecosystem incentives.


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