Potions
On our platform, users will be able to create magic potions (NODES) using lp tokens, single sided tokens, or a combination of tokens — using a balancer pool. Mixed potions can be created by providing several tokens in specific ratios to each other in order to undertake specific investment strategies, with reward rates and types differing depending on the tokens provided. These potions can be magically combined to create special yield bearing cauldrons.
All potions will be transferrable nfts - however they will only become transferable once all potions of a given kind have been created. The reward rates for lp, single, and multi-asset micro-potions are subject to change, based on the relative supply of the underlying assets. However, once purchased, the rate at which you bought is locked in, so users will not be affected later by changes made to rates.
The underlying assets used to create locked potions cannot be withdrawn, but users receive governance rights that enable them to vote on pool emissions based on the number of potions held via gauge voting.
Assets used to create a liquid potion can be withdrawn at any time - although the daily reward is less and they don't confer governance rights. At launch, liquid potions will not be available, but will be once sufficient liquidity is built across all pools.
- 1.Balance of each pool - pools with less assets will have a higher starting rate this decays as more potions are created for this pool and the tvl increases.
- 2.Users who have locked potions will by default receive a higher daily return than those who opt for liquid potions.
- 3.Users who choose to lock up their spell rewards for a number of days for a ve position.
These act as a counterbalance as enough people with locked potions can use their voting power to increase the reward rate of potions which have decreased since tvl has increased.
- 1.Through dex trading fees
- 2.Through the strategy vaults
- 3.Monthly maintenance fees
- 4.Offering deep liquidity as a service
- 5.Through our lottery and p2e games
Last modified 1yr ago