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spNFT
spNFTs are staked positions resembling tech aspects rather than a visual aspect. A position is essentially created as an spNFT once it is created, it is a single asset or LP that is transformed into an spNFT
In simple terms, a wrapped LP is converted into an spNFT, enabling more advanced farming options compared to traditional LP farming. This includes features such as depositing into nitros, time-locking, and much more
By creating an LP from a combined asset, you're adding liquidity to the protocol. This position then transforms into a staked position (spNFT), functioning similarly to staking your positions in a yield farm. The staked position can be locked, managed in various ways, yield-boosted with xGRAIL, and deposited into a Nitro pool for enhanced rewards
A position becomes yield-bearing and automatically accrues yield if it corresponds to an incentivized pair on Camelot. Non-yield-bearing positions, on the other hand, can be leveraged by anyone and are directly rewarded through Nitro
Stable pairs consist of stablecoins and aim to maintain a consistent price. Volatile pairs, however, are composed of assets whose values may fluctuate
This means that you will receive 80% of your rewards in xGRAIL and 20% in GRAIL
Maximizing your yield can be achieved through a combination of locking, yield boosting, and participation in the Nitro pool
For a more comprehensive explanation, please refer to the associated document
Locking a yield-bearing position provides bonus rewards proportional to the lock duration. Each incentivized pair has a specific configuration regarding this aspect
No, your rewards are not locked. You can harvest them at any time
Yes, you can renew your locked position at any time, provided the new lock duration matches or exceeds the remaining duration of the existing lock
Yes, transferring your position to another address will make that address the new owner of the position
The split feature allows you to divide a position while preserving the original settings, such as lock duration
The maximum lock bonus is indeed obtained when setting the lock for six months, but other protocols may incentivize longer lock durations through Nitro pools
Depending on the Nitro pool, only single asset spNFT may need to be staked
Last modified 3mo ago