Create spNFT position
Last updated
Last updated
The staked position (spNFT), signifies a user's ownership stake in the pool and grants the right to withdraw. By establishing an spNFT position, users are presented with an array of options that diverge from conventional practices associated with LP farming.
spNFT = wrapped V2 LP or V3 Auto mode position
On the Liquidity tab, users have the ability to directly bundle tokens into an spNFT position
Under the Positions -> spNFT tab, by clicking on New position you have the option to convert either LP tokens or single assets into spNFTs (V2)
To learn more details about spNFT features, refer to the following document
Navigate to the Liquidity tab, from there:
Select spNFT
Select the tokens you wish to transform into a staked position
Click on the Create Position button
Consider setting a time lock to boost the APR earned from farming emissions
Before you lock your position, ensure that the pair of your position is emitting x/IGN emissions before locking it. If there are no emissions being generated for the pair of your position, time-locking won't enhance any APR, even though the user interface will permit you to lock the position. The bonus from time-locking is labelled as Lock bonus APR at the bottom of the window
Nitro auto-staking
If a Nitro pool is available for the pair you intend to provide liquidity for and you want to opt to stake your position in the Nitro pool during position creation, click the ON button next to Nitro auto-staking. Once done, the window below will appear. Simply choose a Nitro pool from there
Once you're comfortable with the specified parameters, proceed by clicking the Create position button and confirm the transaction/s in your wallet
When the wallet window appears, confirm the transaction
Your position is now actively contributing liquidity and earning trading fees. Additionally, it accumulates farming emissions (if emitted for your position's pair) and Nitro incentives (if you deposited the position into Nitro during creation)
To monitor your positions, click View existing positions after successfully creating a position, or navigate to the Earn tab, choose Positions and select spNFTs
Note that trading fees auto-compound within the LP. When you withdraw the LP, you will receive the initially paired assets along with earned trading fees
To harvest farming emissions, simply click the Harvest button on the position management panel
To harvest Nitro incentives, click on Details under Nitro, which will take you to the Nitro pool page of your position pair. After navigating to the Nitro pool page, click on Harvest or alternatively, use the earnings dashboard. From there, you can initiate a series of transactions to harvest pending farming rewards and Nitro rewards associated with your position
