How does the platform token play into the protocol? This section will give a clear breakdown on how the token is part of the economy behind the protocol. As mentioned a protocol fee is extracted from trades and liquidations. This fee is collected and 50% is distributed to token holders directly without staking required. This means 0.025% of the opening fee collected and 0.025% of the fee on close is collected and distributed to holders. Similarly, 10% of the liquidation amount is sent to holders and the rest to the treasury contract.

Is it better to LP than hold?

It's important to highlight the pro's and con's of part of the protocol. LPing is required for the protocol and they get paid from traders losses while protocol revenue is collected and distributed to holders regardless of market activity. Here is a small breakdown of risks holders vs LPs take on from a protocol viewpoint
UNIDX holders
Liquidity Providers
Risk Free ( balance in units cannot go down )
Always generating fees
Hedge against traders
Profits from all pools
Can generate natural yield
Generate reveune open position interest
Stablecoin vaults
Automatic reward distribution
Structured trading products vaults
Flexible reward types