LP Reward Boosts

Increased fee payments for liquidity providers.

A future category of gemstone NFTs planned will increase the rewards earned by liquidity providers.

LPs receive 0.25% of the total 0.3% trading fee by default. This is implemented at the time that liquidity is deposited to Ruby's AMM pools: A percentage of LP tokens is minted to the liquidity provider, with the remainder sent to the RubyMaker contract.

The LP Rewards NFT increases the percentage allocated to the liquidity provider, meaning they receive a larger fee from every swap conducted on the platform. The remainder of the fee is distributed to stakers and burned in the same proportions as before.

Each LP Reward Boost gem can be used to lock a certain maximum amount of funds. The gem will expire after it has been used, ensuring it cannot be used to increase rewards on unlimited liquidity.