spNFT farming tips
Last updated
Last updated
Pools incentivized with xIGN and IGN emissions function as a separate incentive layer for spNFT positions. If the pair of your spNFT is incentivized, your position will automatically accrue rewards from farming emissions
While exploring the Pools tab (V2), to locate the farm, simply watch for the icon below, positioned next to the pair. This icon pinpoints the pool that is incentivized with x/IGN emissions.
When you create an spNFT, you automatically receive LP swap fees and farm incentives
Farm rewards can be increased with the use of locks and xIGN’s yield booster
Your staked position can be deposited into the Nitro pool for additional rewards on top of trading fees and farm incentives
spNFT = wrapped V2
Only the existing APR from farm incentives is increased by the boosts. Time lock and Yield Booster do not affect LP trading fees and Nitro pools APR
A
A user creates a IGN/USDB spNFT position
The IGN/USDB pair is incentivized, enabling the staked position to earn yield from farming emissions
The user now earns rewards from the active yield farm and a share of the earned fees from each IGN/ETH transaction
B
A user creates an XYZ/USDB spNFT position, but the XYZ/USDB pair is not incentivized
The user finds the corresponding XYZ/USDB nitro pool and deposits the position into it
The user earns rewards from the Nitro pool and a share of the earned fees from each XYZ/USDB transaction
A user creates an ETH/USDB spNFT position, the pair is incentivized with emissions by Ignite
The user uses a yield booster to increase the spNFT position's existing APR% from farming incentives
The user locks his spNFT position for an additional boost to the APR
The user deposits his position in an ETH/USDB nitro pool
As a result, the user's LP token automatically receives a share of the earned fee from each ETH/USDB transaction, the user's spNFT position earns him boosted yield from farming emissions, additionally user earns rewards from the Nitro pool
