On the Earn page, you can provide liquidity to the Levana protocol and earn yield for doing so.
Deposits are used by traders as counter-collateral for their positions. In return, you receive LP or xLP tokens that generate yield which comes from fees paid by traders. These are the APRs you see displayed for each liquidity pool.
Deposits are not risk-free. When traders win, counter-collateral is removed from the liquidity pool and LP/xLP tokens lose value. But when traders lose, your LP/xLP tokens increase in value.
LP tokens that are not currently locked in trader positions may be redeemed immediately for the liquidity that you provided.
Redeeming xLP tokens takes 45 days from when you submit the request—these tokens unlock linearly over this time period, and you receive the APR from LP tokens on the full amount.
Once you have accrued yield, you may withdraw it at any time directly to your wallet or reinvest it to earn additional yield.
For more information, please check: https://docs.levana.finance/position-size-locked-collateral