NSLP
Last updated
Last updated
NSLP Contract Address
Stake USDC directly from a Web3 wallet by entering the desired amount of NSLP to mint.
Redeeming NSLP is just as simple by entering the amount of NSLP.
NSLP provides liquidity for traders, allowing them to take positions with leverage. If traders take a loss, then NSLP holders will make a profit; if traders take a profit then NSLP holders will make a loss.
Although NSLP value is market neutral and is not directly affected by the crypto market volatility, holding NSLP still bears risks. For taking these risks, NSLP stakers can earn 70% of the platform fees generated via trading activity on Navigator.
Smart Contract risk: Navigator smart contracts are fully audited but nonetheless some inherent risks will always exist with any smart contracts.
Counterparty risk: If traders make profit, that profit is paid to the trader out of the NSLP pool.
Depegging risk: In the unlikely scenario that USDC depegs, NSLP is directly affected.
The open interest available for the perpetual platform is limited by the total stablecoin amount available in NSLP per chain. Traders cannot open a new position if the total platform open interest meets or exceeds the total TVL in NSLP.
A portion of all protocol generated [] fees including opening/closing positions, minting NSLP, borrow fees, and excess funding fees as well as any losses [] from traders realized P&L and liquidations go towards the NSLP vault (chain specific) causing it's price to go up over time. Any profits [] from traders realized P&L are paid out from the NSLP vault causing its price to decrease. Overall, it is expected and highly probable that the price of NSLP will gradually increase over time as net inflow exceeds net outflow.
The NSLP price is based on the number of USD and NSLP in the vault, at any time, where:
By staking their NSLP, users receive S and esNAVI. The esNAVI earned from staking NSLP can be vested (to earn NAVI with 1:1 ratio) without the need of a reserve amount.
You cannot use esNAVI to stake and earn rewards; you can only vest it to NAVI.
After staking, your NSLP will be locked for 2 days. The timelock will reset every time you stake more NSLP or claim rewards.
The time lock period for NSLP and the vesting time of esNAVI resets each time you deposit more esNAVI.
The time lock period for NSLP resets when you withdraw esNAVI from vesting.
The time lock period for NSLP resets when you claim vested esNAVI.