Step-by-step guide

This is a step-by-step guide for protocols interested in seeding liquidity on IgniteFi and distributing incentives through Nitro pools. For a more advanced utilization of Nitro pools, refer to this page.

1. Add liquidity (V2)

Go to https://app.ignitefi.xyz/liquidity/
Select LP only
Select TokenX and USDB or another token
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.ignitefi.xyz/nitro/create
Select TokenX and USDB tokens and click on Create Nitro (If the spNFT for your asset has not been created yet, you will need to initialize the spNFT contract first)

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 at any time)
Unless you have a specific need for it, you can let the harvest start time and deposit end time settings empty

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

Click on ''Create'' to deploy your Nitro

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

3. Publish your Nitro pool

Go to https://app.ignitefi.xyz/nitro/mynitro and identify your newly created Nitro
Confirm all the settings are fine, and 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 to the exchange frontend

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.ignitefi.xyz/nitro/mynitro 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!

To Deposit:

Go to https://app.ignitefi.xyz/liquidity?token1=<tokenX_address>&token2=<USDB_address>&type=v2&position=spnft
Select the desired quantity and add liquidity
Go to the https://app.ignitefi.xyz/nitro/<your_nitro_address> page, you should now have at least one compatible position on the bottom
Click on deposit