Create spNFT position

The spNFT position represents a user's investment in a liquidity pool, providing them with withdrawal rights. This innovative approach offers diverse options beyond traditional liquidity provider (LP) farming practices.

Key points

Notably, the spNFT equals a wrapped V2 LP or V3 Auto mode position.

Within the Liquidity tab, users can conveniently package tokens into an spNFT position.

Additionally, under the Positions -> spNFT tab, there's a feature to transform LP tokens or individual assets into spNFTs (V2).

This guide page exclusively covers the creation of V2 spNFTs. For V3, please refer to the subsequent page and follow the steps for the Auto mode

V2 Step-by-step guide

Navigate to the Liquidity tab, from there:

1. Select V2

2. Select spNFT

3. Select the tokens you wish to transform into a staked position

4. Click on the Create Position button

5. 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 YUM 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

1. Activating Nitro Auto-Staking

For liquidity pairs compatible with Nitro pools, you can enable Nitro auto-staking during the creation of your position. To do this, activate the Nitro auto-staking by clicking the ON button. A new window will pop up, allowing you to select a Nitro pool.

1. Creating Your Position

When you’re ready and have confirmed the parameters, create your position by clicking the 'Create position' button.

1. Follow up by confirming the transaction in your wallet.

Your position now actively adds liquidity and accrues trading fees. If available for your pair, it also gathers farming emissions and, if opted-in during setup, Nitro incentives.

Tracking Your Positions To view your positions after creation, click on 'View existing positions', or go to the Earn tab, select Positions, and choose spNFTs.

Remember, trading fees are compounded automatically within the LP. When withdrawing, you receive your initial assets plus the accumulated trading fees.

Collecting Farming Emissions and Nitro Incentives To collect your farming emissions and Nitro incentives, simply use the Harvest button found in the position management panel.