Nectar Liquidity Pool (NCLP)

Overview

The Nectar Liquidity Pool (NCLP) consists of an index of ERC20 tokens to provide efficient token swaps, HOO game rewards, and enables users to earn rewards by providing liquidity. The pool initially accepts the following tokens: USDC/USDT/AMBR

Minting and Redeeming NCLP

Minting

Minting NCLP tokens in the Nectar Liquidity Pool (NCLP) involves first depositing a supported token. NCLP tokens will be automatically staked after minting, and will begin to earn Escrowed AMBR and fee rewards.

Redeeming

Redeeming NCLP tokens enables users to withdraw their tokens from the liquidity pool. The amount of tokens redeemed will depend on the specific pool asset chosen for redemption.

Rewards

NCLP holders will earn rewards in the form of $esAMBR tokens and platform fees distributed in AMBR and USDC. The $esAMBR tokens and AMBR/USDC platform fees are allocated based on the user's share of the liquidity pool.