FAQ

How can I view the spNFTs?

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

What is the purpose of creating a position with the LP?

-When you make an LP from a combined asset you effectively add liquidity to the protocol. By creating a position, you transform it into a staked position (spNFT), which works similarly to staking your positions in yield farms -The staked position can also be locked, managed in various ways, yield boosted using xGRAIL, and deposited into a nitro pool for even greater rewards

Where do I add liquidity and create a staked position?

To add liquidity and create a staked position, go to the liquidity tab. You can also wrap a single asset or LP into a staked position on the 'My positions' tab or on 'Yield farms tab

What’s the difference between a yield-bearing and a non-yield-bearing position?

Camelot incentivizes pairs, and if the position matches the incentivized pair, it will become yield-bearing and automatically accrue yield. Staked positions can be leveraged by anyone and directly rewarded through Nitro, which is where non yield-bearing positions will come into play

What’s the difference between stable and volatile pairs?

Stable pairs are made up of stablecoins and will try to maintain the same price, whereas volatile pairs are made up of assets that may fluctuate

In the farms tab, rewards are set to 80% xGRAIL and 20% GRAIL by default. What does this mean?

You will receive 80% of your rewards in xGRAIL and 20% in GRAIL. Most incentivized pools will share this ratio by default, but you should check the pool before you create a position, as the ratio may vary

How can I maximize my position's yield?

Through the combination of locking, yield boosting and participation in the nitro pool For a more detailed explanation, refer to the following document

What should I do with my staked position if I want to withdraw my funds from the protocol?

To access the assets you used to add liquidity, withdraw your staked position, then unbind the LP token

What are the benefits of locking my position?

By locking a yield-bearing position you will get bonus rewards according to the duration of the lock. Every incentivized pair has its own configuration in that regard

Am I also locked out of my rewards if my position is locked?

There is no lock on your rewards, so you can harvest them whenever you want

Is it possible to renew my locked position at any time?

Yes, the only constraint is that you must renew it for at least the same duration of days that are left on any existing lock

Using the transfer function, can I send my position to another person's address?

Yes, once you send your position to another address, that address will become the owner of the position

What is the split function's purpose?

Whenever you want, you can split the position. Splitting a position keeps the original settings, such as lock duration

Why can I lock my position for longer than six months, as that already gives me 100% which is the maximum?

The max lock bonus is 6 months, but that doesn't mean that other protocols might not want to incentivize longer locks

What is the purpose of transforming a single asset into a staked position when there are no active farms to earn yield from?

Depending on the Nitro pool, only single asset spNFT may need to be staked