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NLP Pool
Step 1: Access the Staking page and select the NLP tab.
Step 2: In the Staking section, enter the desired amount of USDT you want to use to mint NLP. The price for minting/redeeming NLP is calculated as follows:
(USDT balance + trader's cumulative profit and loss + accrued fees) / outstanding NLP. 
Step 3: To confirm the minting and staking of NLP, click "stake" which will prompt two transactions: one to approve spending of your USDT, and one to confirm staking of your USDT for NLP
Step 4: Once the transaction is complete, you will be able to view the staked NLP and accumulated rewards in the same dashboard.
If you wish to unstake, simply switch to the unstake tab and input the desired amount to withdraw. The estimated received amount in USDT will be displayed below. Note that there is a 48 hour timelock after depositing to prevent frontrunning of the pool.
Last modified 4mo ago