What are Nitro pools?

Nitro Pools are fixed-duration pools that act as an additional layer of yield rewards for IgniteFi’s staked positions (spNFTs). They have been designed so that anyone can freely deploy them, directly from our front end

What is the purpose of Nitro Pools?

Nitro Pools are meant to incentivize users to provide their liquidity, thereby promoting an active and robust market

How to use Nitro pools?

Using Nitro Pools is straightforward. You stake an spNFT position into a Nitro Pool and earn rewards proportional to your share of total deposits. You can deposit as many staked positions as you desire, provided they meet the pool's requirements

Can I deposit positions into the Nitro Pool with an active xIGN boost?

Yes, positions with an active yield boost can be deposited. The boost will influence yields earned from farming emissions, not from the Nitro Pool

Do spNFTs deposited in the Nitro Pool receive rewards from the farming emissions and Nitro Pool?

The position will receive nitro pool rewards as well as yield rewards from the incentivized by IgniteFi pool if the position has yield-bearing properties

Will my rewards be locked if the Nitro Pool requires a lock?

No, you can harvest your rewards from the Nitro Pool at your convenience, even if the Nitro Pool requires a lock

How do I whitelist a wallet address for a Nitro Pool?

The decision to require whitelisting lies with the deployer. They must manually add your wallet address to the whitelist to allow your participation in the pool.

Why can't I change management settings after staking my spNFT in the Nitro Pool?

Certain position management functions can become unavailable once a position is deposited in a Nitro Pool

Does 'permissionless' mean there won't be a community vote on Nitro Pool deployment?

No, 'permissionless' simply means that Nitro Pools can be created by anyone

When I try depositing a position into the Nitro Pool, it says the position is incompatible. Why is that?

To be able to deposit your position into the nitro pool, your position has to fulfil the following requirements:

  • Lock Duration

  • A minimum end lock

  • Minimal deposit amount

  • In some cases, your address has to be whitelisted if the deployer of the pool chooses this option

A customized external requirement may also be required in some cases

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