Features of spNFTs
Each staked position (spNFT) is equipped with essential details, including:
A unique ID
The LP token used for the deposit
The number of LP tokens deposited
An Annual Percentage Yield (APY)
Options to set lock parameters such as duration and start/end times.
Information about multipliers
Here's an outline of the available interactions for spNFT owners:
Deposit: Add more tokens to the position. If the position is locked, the lock duration resets.
Withdraw: Remove tokens from the position. If the position is emptied, the spNFT is automatically burned. Not applicable when locked.
Harvest: Collect pending rewards from the position, specifically when yield incentives are assigned to the position's LP token.
Lock: Apply a lock to an unlocked position for a defined period.
Extend: If already locked, extend or renew the lock duration.
Transfer: Transfer the position to another address.
Split: Divide the position into two, sharing the original amount. If the initial position is locked, the new one inherits the same settings.
Merge: Combine positions, adopting the longest lock duration and farthest end lock time.
Locks: When creating a position, a lock duration can be specified, restricting withdrawals until the lock's end. Wrapped Camelot LPs have their individual lock settings, encompassing maximum lock duration and corresponding max lock multiplier. A lock offers a yield boost based on this multiplier when the position's LP receives incentives. It can also be a prerequisite for staking on a Nitro Pool. This bonus is linearly computed in proportion to the lock's duration and max lock multiplier.
Future Control and APY: The intention is to eventually delegate control over lock settings and their associated multipliers to LP protocols. This process, however, will be overseen by DAO governance.
Ultimately, every yield-bearing spNFT will possess its own APY, influenced by the Master's allocation to the wrapped LP, the lock multiplier, and the YieldBooster multiplier.
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