Frequently Asked Questions
Quick answers to the questions people ask most when they start using TELx. They cover what providing liquidity means, how subscribing and rewards work, which chains TELx supports, how to upgrade old TEL, and the risks to know about before you start.
Pick a question below, or start with the first one and use Next to read them in order.
What is TELx?TELx is a decentralized liquidity platform built by Telcoin. It lets users provide liquidity to specific pools and earn rewards in TEL. If you’ve ever used a DEX like Uniswap, TELx is the Telcoin…What does it mean to “provide liquidity”?Providing liquidity means depositing assets into a pool so other users can trade between them. In return, you earn swap fees and, if subscribed, TEL rewards.What’s the difference between an LP and a Liquidity Miner?An LP (Liquidity Provider) supplies assets to a pool.Do I have to use Uniswap to provide liquidity?No. TELx lets you provide liquidity directly inside the TELx interface, and it automatically subscribes your position for rewards.What is “subscribing” and why does it matter?Subscribing tells TELx that your liquidity is active and eligible for rewards.What rewards can I earn on TELx?Swap fees from traders using the pool, and Merkl-managed TEL rewards when your position is subscribed and in-range.What is Merkl and why is it involved?Merkl is a decentralized reward engine built by Angle Labs. It calculates TEL rewards for subscribed positions and publishes them on-chain using proofs.What chains does TELx support?TELx currently operates on Polygon, Base, and Ethereum, and supports TEL, ETH, eUSD, and eMXN pools across these chains.How do I upgrade old TEL to new TEL?If you still hold old TEL, you can upgrade it 1:1 using the official upgrade portal.Is TELx safe to use?TELx is decentralized and uses audited smart contracts from Uniswap and Merkl.