# Earn FX Spread Yield — Sera Liquidity Providers

**Provide liquidity once. Earn real yield across 30,000+ corridors.**

## How LPs earn

Liquidity providers deposit stablecoin capital, set bid/ask spreads on one or more corridors, and earn the FX spread on every swap that routes through their deposit. A single deposit earns across 30,000+ corridors via Virtual Liquidity.

## Two deployment models

**Matched pair** — Lock the spread on a single corridor. Guaranteed profit per swap, zero impermanent loss. Predictable yield for risk-averse LPs.

**Unmatched deployment** — Spread capital across many corridors for blended yield. Capture multiple spread opportunities from one position.

## No impermanent loss

LPs set their own quotes. Price moves don't drag the position. There is no price-driven loss in either model.

## Non-custodial

Stablecoins stay in the LP's wallet at all times. Withdrawal is instant, gas-free, and requires no permission from anyone.

## Capital efficiency

Virtual Liquidity gives LPs over 100× the capital efficiency of traditional AMMs. One deposit covers the entire protocol's routing demand across the corridors the LP chooses to quote.

## Risk management

- CertiK-audited smart contracts with emergencyWithdraw()
- Circuit breaker halts trading if oracle deviation exceeds 2%
- On-call monitoring responds within 30 seconds

## FAQ

**How do I earn on Sera?** Deposit stablecoin capital, set your corridor and spread. Every swap that routes through your position earns you the spread.

**Is there impermanent loss?** No. You set the rate; price moves don't affect your position.

**Is my capital safe?** Contracts are CertiK-audited with an emergency withdrawal hatch. Non-custodial — your keys, your capital.