WispSwap whitepaper
  • ⏺️Overview
  • πŸŽ‡Launch & Enchated Pools
  • 🀝Business Enquiries
  • products
    • πŸ™ŒGetting Started
    • πŸ”„Token Swap
      • ↕️Concentrated Liquidity Market Maker
      • ⬆️Asymmetric Liquidity Market Maker
      • πŸ’§ Liquidity Pools
        • πŸ“ΌPool Types
        • πŸ’ΉZap
      • πŸ–ΌοΈspNFT
        • πŸ“°Properties
        • ⚑Yield farming
    • ⭐LSDfi
      • Overview
      • Background
        • LSTfi Challenges
        • Solutions with wispSUI
      • WispSUI
        • Risk mitigation
        • Basket composition
        • Basket rebalancing mechanism
      • vdAMM: Validator Decentralization Automated Market Maker
        • Overview
        • Fees structure
      • Integrating with wispSui
        • Developemt progress
        • Contract addresses
        • Minting wispSui
        • Swapping between LSTs
        • Other view functions
      • How to
        • Mint wispSUI with SUI
        • Mint wispSUI with LSTs
        • Swap between LSTs
        • Stake wispSUI
        • Withdraw wispSUI into LSTs
    • πŸ†Wisp-Prediction
      • 🀼Binary Option Prediction Market
      • πŸ–‡οΈCross-chain Prediction Protocol
      • ❔Wisp-Prediction FAQ
    • πŸ”ŒveWISP Plug-ins
      • 🀜Farm Boosting
      • πŸ”…Dividends Pool
      • ✍️Voting
    • πŸŒ‰Cross-Chain Bridge
  • Tokenomics
    • πŸ‘ΎWISP
    • πŸ‘½veWISP
    • πŸ’³Protocol earnings
    • πŸ”₯Deflation Mechanism
  • references
    • 🎯Roadmap
    • πŸ›‘οΈAudit
    • ♾️Official Links
    • πŸ—ƒοΈMedia Kit
    • ❔General FAQ
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  • Yield-bearing NFTs
  • Rewards
  • Yield multipliers
  1. products
  2. Token Swap
  3. spNFT

Yield farming

PreviousPropertiesNextLSDfi

Last updated 2 years ago

While staked positions under the form of spNFTs has a wide range of use, one of their main initial purposes will be to replace classic yield farming mechanisms by receiving WispSwap incentives.

Yield-bearing NFTs

From the perspective of a user, the spNFT mechanism shares several similarities with conventional DeFi farms.

However, unlike regular farms that allocate rewards to staked assets, the WispSwap's Master contract offers incentives to all veWISP holder-voted wrapped LP staking positions.

It is important to note that not all staking positions are eligible for WispSwap yield incentives, only the selected assets..

Once a staked position's LP is part of the listed pairs, the spNFT generates yield with rewards from the Master, simulating staking in a conventional farm.

Rewards

WispSwap offers dual-rewards in the form of and for eligible wrapped WispSwap LPs, which are received by the corresponding staked positions.

The share of rewards in the total amount varies depending on the asset, with a default allocation of 80% veWISP and 20% WISP.

Yield multipliers

To enhance the returns from yield-generating staked positions, users can leverage two methods: locks and the .

The values of these methods vary based on the staked asset, ranging from 0% to 150% (x1 to x2.5) but are typically set to the default of 100% (x2).

The total multiplier of a position is calculated by adding these two multipliers, with each pool having its maximum boost, capped at 200% (x3) by default and an absolute cap of 250% (x3.5).

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WISP
veWISP
Farm Boosting plugin