Properties

Flack Exchange: Understanding spNFT Properties and Operations

🔍 spNFTs: Core Attributes and Functionalities

Flack Exchange spNFTs (staked positions) come with essential properties and a range of operations, enabling flexible and strategic asset management.

🌟 Basic Properties of Every spNFT

  1. Unique Identification:

    • 🆔 Unique ID: Each spNFT is assigned a distinct identifier.

  2. Asset Details:

    • 💼 Deposit LP Token: The type of liquidity pool token deposited.

    • 📊 Deposit Amount: Quantity of the LP token deposited.

    • 📈 APY: Annual Percentage Yield associated with the position.

    • 🔒 Optional Lock Settings: Duration and timing of any lock applied.

  3. Multiplier Information:

    • ✖️ Multipliers: Data on any applicable yield multipliers.

🛠️ Available Operations for spNFT Owners

  1. Deposit:

    • ➕ Add Tokens: Increases the position's size. Resets lock if applicable.

  2. Withdraw:

    • ➖ Remove Tokens: Partial or full withdrawal. If emptied, the spNFT is burned. Not usable if locked.

  3. Harvest:

    • 🌾 Collect Rewards: Accumulated xFLACK and FLACK rewards can be harvested.

  4. Lock:

    • 🔒 Apply Lock: Set a duration lock on an unlocked position.

  5. Extend:

    • ⏳ Renew/Extend Lock: For already locked positions, modify the lock duration.

  6. Transfer:

    • 🔄 Move Position: Send the spNFT to a different address.

  7. Split:

    • 🔀 Divide Position: Break the position into two, with replicated lock settings.

  8. Merge:

    • 🔗 Consolidate Positions: Combine multiple positions, adopting the longest and farthest lock settings.

🔐 Locks and APY in Detail

  • Lock Dynamics:

    • 📆 Lock Duration: Set at creation, making withdrawals impossible until expiry.

    • 📈 Lock Settings: Varies for each LP, with maximum durations and corresponding multipliers.

    • 🚀 Bonus Yield: Based on the lock multiplier, proportional to lock duration.

  • APY Calculation:

    • 📊 Determining Factors: Influenced by Master allocation to LP, lock multiplier, and YieldBooster multiplier.

  • 🎛️ Future Control Delegation:

    • 🤝 Protocol Control: Plans to delegate lock settings management to LP protocols.

    • 🏛️ DAO Regulation: Ensuring governance oversight in the process.

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