💥How to Use the Boost Calculator
Last updated
Last updated
The Boost Calculator is a tool that helps users determine how many veNFTs, or veSLIZ tokens, they need to increase their rewards on the SolidLizard exchange. These tokens are obtained by locking SLIZ, the governance token of the ecosystem.
The Boost system is meant to increase earnings for users with fewer SLIZ tokens and discourage whales from trying to dominate the market and create a situation of monopoly. This new mechanism guarantees higher rewards for every investor choosing to lock their tokens which is pretty healthy for the protocol itself. To use the Boost calculator, follow these steps:
Go to the liquidity page on the SolidLizard dapp and select the info icon. After selecting the icon, you will see your current APR displayed in both percentage and dollar value.
Use the boost icon to see how much your rewards will increase with veSLIZ.
Click on "Create veSLIZ" and keep in mind that you can combine NFTs to increase the value of your NFTs, which could lead to a bigger boost.
On the Stake LP page, you can see how much additional veNFT you need to achieve the highest APR by attaching your veNFT and starting the Calculator with your existing Voting Power.
On the Liquidity page, the fire symbol next to the APRs shows that the user has added and staked liquidity on these pools and has boosted their APRs with NFTs. If the fire icon is grey, it indicates that the user has added tokens to the liquidity pool but has not staked or boosted. All other pools without an icon show that the user is not participating in liquidity farming for those pools.
