TELx Products

Each product is built on decentralized infrastructure and designed to work seamlessly with the others. TELx Pools provide the core liquidity engine, Merkl-managed rewards ensure transparent incentive distribution, the eUSD Vault expands participation options for users who prefer stability, Swap offers frictionless conversions between supported assets, and Analytics ties everything together with clear, data-rich visibility. The result is a modern, modular liquidity framework that supports both new users and advanced participants.

TELx Pools — Liquidity Provisioning & Rewards

TELx Pools are the foundation of the TELx ecosystem. They allow users to provide concentrated liquidity to supported trading pairs using Uniswap v4 architecture. Liquidity providers earn fees from swaps and receive Merkl-managed rewards based on real, in-range liquidity. TELx Pools standardize the entire experience: subscribing positions, tracking performance, claiming rewards, and monitoring P&L all happen through a unified interface. This makes liquidity provisioning more accessible while preserving full decentralization and transparency.

TELx Pools are designed for efficiency and clarity. Users can see their active ranges, total position value, collected and uncollected fees, and reward accrual in real time. Merkl ensures that incentives are distributed fairly and verifiably, with no staking contracts or lockups. Rewards are tied directly to the liquidity users provide. TELx Pools are ideal for users who want to participate in decentralized markets while earning predictable, proof-based incentives.

eUSD Vault — Stable-Value Participation

The eUSD Vault exists to make entering the TELx ecosystem simpler, more predictable, and completely frictionless for users who need eUSD to participate in TELx’s stable-asset pools. Instead of relying on external DEXs or dealing with slippage, users can convert USDC to eUSD at a true 1:1 rate with zero fees directly inside TELx. This creates a stable, reliable on-chain base asset that users can acquire instantly, without price impact, and without leaving the platform. The vault isn’t a liquidity pool itself — it’s a streamlined conversion mechanism designed to remove one of the biggest barriers to entering TEL/eUSD and eUSD-paired pools across Polygon, Base, and Ethereum.

Once converted, eUSD can be used throughout TELx wherever stable liquidity is required. The vault integrates seamlessly with the broader TELx flow, allowing users to swap, prepare assets, and move into eUSD-based pools in a single, unified experience. By offering fee-free, slippage-free conversions and keeping everything inside the TELx interface, the eUSD Vault makes onboarding smoother, reduces complexity, and ensures users always have a dependable way to access the stable assets needed for TELx’s Uniswap v4 pools.

Swap — Direct Asset Conversion

TELx Swap provides a streamlined interface for converting between supported assets within the TELx ecosystem. Built on decentralized AMM infrastructure, Swap allows users to move into or out of TEL and other pool-related assets with minimal friction. It’s designed to be fast, intuitive, and fully transparent, giving users a simple way to rebalance positions or prepare assets for liquidity provisioning.

Swap is designed to streamline the user journey and reduce complexity. Whether someone is getting ready to LP, rebalancing their holdings, or simply moving between assets, the entire process happens inside TELx without breaking flow. It’s a major usability upgrade that keeps users focused on the actions that matter: selecting pools, setting ranges, subscribing, and managing positions.

Analytics — Real-Time Visibility & Insights

Analytics is the visibility layer of TELx, giving users a clear, real-time understanding of how their liquidity positions behave over time. The latest upgrade brings sharper pool metrics, improved position visibility, and a dedicated position history view that shows exactly how each position has performed. Instead of guessing whether a range has been productive, users can now see the full story, including time spent in or out of range, fee accumulation, and how liquidity moved relative to market conditions. This level of clarity helps LPs understand not just where their position is today, but how it has evolved.

Pool-level analytics have also been refined to make decision-making easier. TVL, subscribed value, reward rates, active ranges, and other key metrics are presented in a more intuitive format, giving users a better sense of where opportunities exist and how different pools are trending. Combined with transparent accounting and consistent data presentation across chains, Analytics reinforces TELx’s core philosophy: user-owned liquidity should come with user-owned insight. By making performance data accessible, interpretable, and easy to explore, TELx empowers LPs to manage their positions with confidence and precision.

Potential Risks

Impermanent loss — Liquidity providers may experience losses if asset prices move significantly while their position is active, especially in volatile markets. This is a core risk of all AMM-based liquidity provision.

Smart contract risk — All TELx products rely on decentralized smart contracts; unexpected bugs, exploits, or protocol-level failures could result in loss of funds.

Price volatility — Assets in TELx pools can fluctuate in value, affecting both the position’s USD value and the fees or rewards earned over time.

Gas fees — Interacting with pools, subscribing, claiming rewards, or adjusting ranges requires on-chain transactions that incur gas costs, which may be high during network congestion.

Subscription requirement — Rewards only accrue when a position is actively subscribed; forgetting to subscribe or accidentally unsubscribing means missing out on incentives.

Stablecoin depeg risk — eUSD and other stable assets may deviate from their intended peg, which can impact pool value, liquidity positions, and overall exposure.