Step-by-step guide

This is a quick step-by-step basic guide for protocols wanting to seed their liquidity on Camelot and distribute incentives through Nitro pools. For a more advanced use of Nitro pools, you can take a look at this guide.

We’ll assume here TokenX-USDC is the main liquidity of your protocol, and TokenY the rewards token that you want to distribute to your user.

1. Add your liquidity

• Go to https://app.camelot.exchange/liquidity/

• Select "LP only"

• Select TokenX and USDC tokens

• Approve + add your liquidity (be careful with the rate since you will be the one to define it)

2. Create your Nitro pool

• Go to https://app.camelot.exchange/nitro/create

• Select TokenX and USDC tokens and click on "Create"

• Select TokenY as the incentive token #1

• Select the start time (set it at least to a couple of hours from the current time)

• Select the end time (you can set it +1 month from the start, it can be set to a later date any time)

• If you don’t want to set any specific requirement, leave the rest empty (or optionally set a description if you want to)

• Create your Nitro

Your Nitro pool is now created, but users can’t see it yet.

3. Publish your Nitro pool

• Go to https://app.camelot.exchange/nitro/my and identify your newly created Nitro

• Confirm all the settings are fine, update the ones you need

• Click on Incentives > Add, then add the amount of TokenY incentives you want to distribute during the epoch

• Once your rewards have been added, you can click on Settings > Publish

Every user is now able to see and deposit into your Nitro pool on the frontend, only if TokenX is whitelisted or has been imported.

4. Extend and refill your Nitro pool

You have the possibility to extend and refill your Nitro pool before its end rather than creating a new one. It allows you to keep on rewarding your users without them having to migrate to a new Nitro.

You will need to proceed BEFORE its current end time, as once reached, it won’t be possible to re-open it anymore.

• Go to https://app.camelot.exchange/nitro/my and identify your Nitro

• Click on Settings > Schedule and set the new end date

• Click on Incentives > Add, then add the amount of TokenY incentives you want to distribute during the new epoch

You’re done!

5. Share the staking process with your users

• Go to https://app.camelot.exchange/liquidity?token1=<tokenX_address>&token2=<USDC_address>&type=v2&position=spnft

• Select your amount and add liquidity

• Go to the https://app.camelot.exchange/nitro/<your_nitro_address> page, you should now have at least one "compatible position" on the bottom

• Click on deposit