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)
Select a strike price to put on LP → This price is your buying price of the NFT option
Send INJ to your LP → This is happening automatically by smart contract itself
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 market maker (you).
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.
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 !
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