Burn & Earn
A new feature to burn (permanently lock) the CLMM LP and keep ownership over the LP fees and rewards is now available.
This tool is only recommended for full-range positions on top of CL pools, once the LP token is burnt the liquidity provider will not be able to withdraw or manage his position to rebalance the position in range.
Lock liquidity permanently
Technically, the NFT that represents your CLMM position will not be burnt, but permanently locked. To lock liquidity permanently for a position, follow the steps below:
1) Create a Concentrated liquidity pool with a full-range position.
2) Navigate to the Burn & Earn interface by either clicking on the 'Successful Pool creation' pop-up or clicking 'Create' on the liquidity page.
3) Carefully select the position you'd like to lock.
4) Verify the position details including the pool selected, and type the confirmation sentence.
Please pay attention to the position details (NFT address, Position size), once the LP token is locked there is no way to retrieve the liquidity deposited in the position.
5) Click 'Confirm, lock the liquidity permanently'
Claiming fees and rewards
The locked position will be accessible on the portfolio page similar to a standard position.
Seeing % of locked asset
The liquidity page will now display the % of burnt liquidity on pools. Data for the locked liquidity is available to users and third parties on the following API link: https://api-v3.raydium.io/docs/#/POOLS/get_pools_info_list
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