🚀Hyper Pools
Last updated
Last updated
User’s can deposit their lpNFT Positions to compatible Hyper Pools for additional rewards. While a Hyper Pool is created, the type of lpNFT that it can accept as a deposit is already defined. Also, it will have a reward token, a deposit start time and reward distribution phase also preset. Optionally, there can be a reward harvest time as well.
There could be custom Hyper Pools with different settings than above - either from the Planar team themselves or audited and approved by the team. It’ll be specifically mentioned in their respective pages.
Users can deposit as much as lpNFT positions into Hyper Pools. The rewards will be calculated based on the sum of deposits. They can add new positions and withdraw in full or partial, anytime.
The protocols who deploy their Hyper Pool can set custom requirements to the pool in order to target specific lpNFT positions or users.
For instance, they can set a minimum amount of deposit in an lpNFT position to get eligible for their Hyper Pool. Or, accept only lpNFTs that are locked for a particular time period. They can even accept lpNFTs only from whitelisted wallets.
If any protocol needs custom requirements to be set for their Hyper Pool, apart from which is offered by the native Hyper Pool contract, they’ll have an option to integrate their custom contract into their Hyper Pool, through its custom requirement interface.
Anyone can deploy their Hyper Pools by mentioning the LP token or single asset they’re going to incentivize, the reward token, deposit start time and reward distribution time period. Once the Hyper Pool is deployed, optionally, they can set any Requirements for that pool, as mentioned above.
Only the owner of a Hyper Pool can fill it with reward tokens. The reward tokens should be the same which was defined at the creation of the pool. This can be done at any time before the end of the distribution time period. The owner can also disable or modify the pool before it’s opening time.
There’ll be “official” Hyper Pools which are deployed by the Planar team themselves or their approved partner protocols, and “community” pools created by the general public.
