NFT LP Tokens
Last updated
Last updated
Once you provide liquidity on TONCO, youβll receive an NFT LP instead of traditional LP tokens. This NFT acts as a smart contract that contains all the data and accumulated fees associated with your liquidity position. Thereβs no need to stake this NFT in order to participate in V3 Farms.
As the owner of the NFT, you have full control over your position, allowing you to modify or redeem it at any time. These NFTs are fully tradable, and any earned fees can be claimed by the holder whenever they choose.
An NFT contains key details about your LP position, including the price range, pool address, and token addresses associated with the pool.
You can view your NFT in any blockchain explorer, marketplace, wallet or directly within the TONCO platform. The NFT description provides key details about your liquidity position, including the pair symbols, and the minimum and maximum price ranges set by the liquidity provider.