Provide LP to Long (NFT)
Provide NFT to the LP, get INJ + Incentives at each trade. Get rewarded at your each LP.
When to use
You want to get incentives from long positions.
You have NFT to sell but also want to get more INJ
How it works (step-by-step)
Select your NFT to put on LP → Select one NFT per call
Choose a strike price → Strike price is the price which you'll receive if buyer finalizes the position.
Buy price →
buy price = (strike price)/10Protocol fee → 25% of the buy price (not the strike) is removed and 75% of buy price is being sent to the caller (market maker).
LP Position is now open → Your position is now ready. Your NFT will be locked for 7 days. If someone wants to get into your LP, they'll pay you the buy price in order to get the rights of your LP.
At expiry → After expiry, you can finalize your LP and get back your NFT to your wallet. At this phase ( Buyer didn't finalize at expiry timeline ), you can be in profit with the buy price incentives. +10%
Basically, you put your NFT on sale for 7 days frozen. If someone locks in to your LP, they pay you 10% of the strike price at start. If they want to buy your NFT, they'll pay the full strike price and get their NFT. Also they can choose not buying your NFT and it will get you +10% LP incentive at your each NFT LP !
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