Lenfi
  • 🏠Lenfi Home
  • 💧Liquidity pools
    • Interest rate
    • Collateral
    • Protocol Fees
    • Protocol Parameters
    • Pool Manager NFT
  • 💬Price feeds
  • 🔥Liquidations
  • 🐞Bug Bounty
  • Lenfi V1 Protocol
    • ⏯️Lenfi P2P (Aada V1)
      • 🤔How to use the platform?
        • 📄Menu
          • 🏠Home
          • 🛒Market
            • ➕Create a request
            • 🕴️Being a Borrower
              • ⚠️Borrower risks
            • 🤝Being a Lender
          • 📎Dashboard
            • 💰Deposits
            • 💵Loans
            • 🖊️Liquidated loans
            • 💾Archive
      • ⚙️How does it work?
      • ⚖️Liquidation
        • Risk parameters
      • 🧙‍♂️Liquidation oracle
      • 🎫NFT Bonds
        • 🛒Marketplace
      • ⁉️Is it safe?
    • 🤖Platform use cases
    • ❓FAQ
  • Governance
    • 🧑‍🎓Governance
      • 🔗Voting power
      • 📜Governance Forum
  • Tokenomics
    • 🪙Tokenomics
  • Community
    • 🎤Announcements
    • 🥳Telegram community
    • 🥳Discord community
  • Document Links
    • 📝V1 Audit
    • 📃Whitepaper
    • 📜Lightpaper P2P
    • 📑Lightpaper Lenfi
Powered by GitBook
On this page

Was this helpful?

  1. Liquidity pools

Pool Manager NFT

When a liquidity pool is created, the creator is awarded a Pool Manager NFT. The NFT-holder has the exclusive right to manage certificates related to the pool's stake address.

The NFT-holder can perform any certificate action, such as

  • Delegate to a stake pool

  • Register a stake pool

  • Deregister stake pool

As a protocol participant, the NFT-owner should manage the deposited ADA to generate maximum returns for depositors.

When the pool is managed properly:

  • It generates high yields

  • Deposits flow into the pool

  • Full management of liquidity pool stake credentials for pool manager NFT

When the pool is not managed properly:

  • Deposits flow out to high-yield pools

  • Deposits flow out from the pool

  • The pool manager does not control a significant amount of ADA

Lastly, the liquidity pool can be destroyed only if Pool Manager NFT is burned.

Reminder If you've created a liquidity pool, please refrain from withdrawing 100% of your liquidity if you do not intend to delete the pool. Removing all liquidity without deleting the pool risks forfeiting the Pool Deployment Fee (~35 ADA).

PreviousProtocol ParametersNextPrice feeds

Last updated 1 year ago

Was this helpful?

💧