# Liquidity Pool (V2)

## Technical Features

* **Share Pricing**: Uses an "effective balance" that adds back claimed rewards to ensure fair share value for new depositors.
* **Position NFTs**: Every deposit mints an ERC721 "Celestium Liquidity Position" (CLP) NFT representing ownership.
* **Risk Protection**: Enforces a 5% daily drawdown limit on reserves and a 50% loss threshold circuit breaker that halts betting if the pool balance drops too low.


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