Provide LP to Short (INJ)

Provide INJ to the LP, get NFT + Incentives at each trade. Get rewarded at your each LP.

When to use

• You want to get incentives from short positions.

• You have INJ to buy NFT but also want to get more INJ

How it works (step-by-step)

1. Select a strike price to put on LP → This price is your buying price of the NFT option

2. Send INJ to your LP → This is happening automatically by smart contract itself

3. Buy price → buy price = (strike price)/10

4. Protocol fee → 25% of the buy price (not the strike) is removed and 75% of buy price is being sent to the market maker (you).

5. LP Position is now open → Your position is now ready. Your INJ 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.

6. At expiry → After expiry, you can finalize your LP and get back your INJ 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 INJ in order to buy an NFT 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 sell their NFT, they'll send their NFT to the position and get their desired INJ . Also they can choose not selling their NFT and it will get you +10% LP incentive at your each LP !