Launchpad

New pairs on nftperp have their initial liquidity seeded via our launchpad. This process consists of three distinct stages, pre-launch vaults, conversion, and post-launch incentives.

Pre-Launch Vaults

Firstly, pre-launch vaults are created and opened up for user deposits. These vaults will be available for <1 week in most cases, and capital will sit locked in these vaults - not taking on any additional risk and earning additional incentives until the conversion date. Earlier depositors in the pre-launch vaults will earn more than later depositors, and deposits are accepted only in the form of the base asset of the trading pair (e.g, WETH for EVM NFTS, WBTC for Ordinals, etc.)

Conversion

Following the pre-launch period, all capital in the vault will be converted into max-range AMM positions. Users will be able to claim their pre-launch rewards at this stage, and their liquidity will begin earning fees for providing liquidity for trading, as they would with any other AMM position.

Post-Launch Incentives

Lastly, trading for the new asset begins. In the first few weeks following this launch, those who deposited during the pre-launch stage can enjoy boosted rewards if they maintain their positions. In addition, separate rewards can be offered for all depositors during the initial period in order to maintain bootstrapped liquidity.

All rewards are different per trading pair - but the rewards can always be broken down into 3 categories: pre-launch, post-launch (for early depositors), and post-launch (for any depositors).