---
description: >-
  "Piles" are Takepile's new take on liquidity. Similar to an LP token, users
  deposit an asset and receive a pileToken version of the asset, which can then
  be used for opening positions or staking.
---

# Piles

Piles are how the Takepile Protocol handles liquidity. Users deposit an asset into a pile and receive the pileToken version of the asset. Traders may then open positions with pileTokens. pileTokens are also the vehicle used to distribute fee share on Takepile. Fees will be claimed in pileTokens and can be used to open positions, stake in a pileToken vault or be converted to the underlying asset.&#x20;

At launch, USDB and wFTM will be the assets that Takepile uses for all piles before expanding into including other stablecoins and assets (such as USDC or wETH) later in the week, starting with USDC piles on September 2.

{% hint style="info" %}
TAKE is rewarded to traders for opening positions on the protocol. Each pile has a distribution rate set at 4.8% APR, so traders earn TAKE while trading!
{% endhint %}

Piles also determine the amount of leverage available to use on a trade. A leveraged pile's pileToken, for example pileFTM-200, allows traders to open positions ranging from 1x leverage up to 200x leverage on the wFTM-200x Pile.  \
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Stablecoin piles will be seeded by the Takepile team at launch, and the team will utilize the treasury to boost liquidity of other piles over time. \
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The piles Takepile will release at launch are:

* USDB Pile, wFTM Pile (1x Leverage)
* USDB-10x Pile, wFTM-10x Pile (1x - 10x Leverage)
* USDB-25x Pile, wFTM-25x Pile (1x - 25x Leverage)
* USDB-50x Pile (1x - 50x Leverage)
* USDB-200x Pile (1x - 200x Leverage)

Beginning on September 2, Takepile will be adding USDC Piles:

* USDC-10x Pile (1x-10x Leverage)
* USDC-25x Pile (1x-25x Leverage)

The wFTM-50x Pile and wFTM-200x Pile will be released during our second week of operations.



