iNFT

Definition

iNFT is a wrapped LP being converted, enabling more advanced farming options compared to traditional LP farming. This includes features such as time-locking, and much more.

By creating an LP from a combined asset, you're adding liquidity to the protocol. This position then transforms into a staked position (iNFT), functioning similarly to staking your positions in a yield farm. The staked position can be locked and managed in various ways, such as yield-boosted with xMONO and many more applications to be introduced in the future.

You will receive 80% of your rewards in xMONO and 20% in MONO as the default setting if you put your asset into incentivized pairs.

To maximize your yield, consider a combination of locking, and yield boosting.

You can extend your locked position at any time, provided the new lock duration matches or exceeds the remaining duration of the existing lock.

MonoSwap allows you to transfer your lock position to another address. It will be the new owner of the position.

iNFTs are staked positions resembling tech aspects rather than a visual aspect. A position is essentially created as an iNFT; once it is created, it is a single asset or LP that is transformed into an iNFT.

Yield-bearing Position and Non-yield-bearing Position

A position becomes yield-bearing and automatically accrues yield if it corresponds to an incentivized pair on MonoSwap. A yield-bearing position provides bonus rewards proportional to the lock duration. Each incentivized pair has a specific configuration regarding this aspect. While the position you have is locked, your pending reward can be harvested anytime.

Non-yield-bearing positions, on the other hand, can be leveraged by anyone and are directly rewarded through Maestro Pools.

Stable Pairs and Volatile Pairs

Stable pairs consist of stablecoins and aim to maintain a consistent price. Volatile pairs, however, are composed of assets whose values may fluctuate.

Fund Withdrawal

To withdraw your funds, withdraw your staked position, then unbind the LP token.

Split Feature

The split feature allows you to divide a position while preserving the original settings, such as lock duration.