LP Adding

Why does it need to provide LP for NFT?

• Separating NFT into many tokens (xTOKEN) will make it easy for users to participate in speculation in the NFT market with just a small amount of capital.

• Creating liquidity for NFT makes it easy to trade and transparent since NFT was previously only sold on the centralized marketplace.

• Most of the NFTs in the NFTFeed platform have a liquidity guarantee mechanism. Users can return anytime the NFT to the liquidity Pool by swapping when they want and take their money back (not yet including the Swap fee). This can be considered as a new INO solution.

• NFT can be collateralized and opens the NFTFI market thanks to NFT Liquidity, instead of the floor price as we usually see on the Open Sea marketplace. It allows the mass LP adoption of all kinds of NFT in the market.

1. Add LP with NFTs

Users can add liquidity to a vault to take advantage of pool sharing and DAO benefits. To do this, go to the Stake page on the vault and select the NFT that you want to stake as liquidity. Keep in mind that staking involves locking your position for a period of time. By staking, you'll receive a share of the liquidity rewards.

NOTE:

• When adding LP from an NFT, users need to add STABECOIN or TOKEN from the available pool. For e.g, in the image, users need to add ETH. By adding LP, users can earn additional rewards while holding their NFTs.

• The technique for adding LP from NFT is to remove the LP on the corresponding pool, unstake the LP token to receive the corresponding xTOKEN. Normally, there is a 5% fee for minting xTOKEN, but in this case, this flow is unstake to add LP, therefore it's free of charge.

A lock period is in place to prevent users from using staking as a way to avoid paying mint or sell fees. After selecting your NFT to stake and completing both the Approve and Stake transactions, you'll receive a successful transaction message.

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When you stake your NFT, you'll receive a reference token, such as xTOKEN-STABLECOIN (eg.: xSHARKIE-ETH), which represents your position in the liquidity pool. Keep in mind that the number of reference tokens you receive may be lower than the number of NFTs you staked. This reference token represents your claim on the pool's shared liquidity pool (SLP) on an AMM Dex.

When you exit your position, you may not receive back the same amount of tokens you originally staked. The amount of tokens you receive will depend on whether there were more buys or sells during your staked period. For example: If there were lots of sells you will get back more xTOKEN and less STABLECOIN, if there were lots of buys then you will get back more STABLECOIN and less xTOKEN.

Also, unlike Inventory staking, your rewards aren't automatically compounded back into your position. Instead, you can claim them at any time by using the Dashboard.

2. Add LP with xTOKEN

• Go to LP management section

• Choose to add LP with Token

• Must have xTOKEN and STABLECOIN to add LP in Dex.

3. How to Unstake your position on NFTFeed?

Liquidity Remove

To unstake your position, click the "Unstake" button and choose the number of reference tokens (such as xTOKEN-STABLECOIN) you want to withdraw. This will return the shared liquidity pool (SLP) token to you, which you can then sell directly on Dex.

When you unstake, any unclaimed tokens will automatically be claimed during the unstaking process, also saving you an extra transaction fee from the LP fee sharing.

Additionally, you don't need to claim your rewards separately before unstaking. When you unstake, all of your reward tokens will be automatically claimed.

Once the transaction is complete you can click through the link to "Remove Liquidity". This takes you to Dex to unwind your SLP position and get back xTOKENS and STABLECOIN.

Preconfirmation screen to approve the transaction (signed only, no gas)

Confirm the burning on the xTOKEN/ETH and receiving tokens back - this costs gas.

Note:

• Users add LP by themselves, so when they unstake, they get back enough xTOKEN and ETH according to the current ratio.

• When users stake or sell your NFT to a vault, it becomes available for anyone to buy or swap. It's important to note that they may not get the same one back, so avoid staking rare NFTs that you don't want to lose.