Overview

PrimeStaking Overview

PrimeStaking, developed by Prime Numbers Labs, is an innovative staking platform designed to maximize the utility of digital assets. It provides a seamless, secure, and efficient way for users to earn rewards by staking their tokens. PrimeStaking currently supports two primary categories of staking:

PRFI Staking

For PRFI Token Holders

  • Purpose: PRFI Staking enables holders of PRFI tokens to earn rewards by staking their tokens within the PrimeStaking system.

  • Rewards:

    • Additional PRFI tokens

    • Participation-based incentives

    • Potential benefits from ecosystem growth

  • Flexibility: Designed for those looking to grow their PRFI holdings while actively supporting the PrimeFi ecosystem.

XDC Liquid Staking

For XDC Token Holders XDC Liquid Staking provides holders of XDC tokens with multiple staking options, offering enhanced flexibility and rewards through liquid staking derivatives. Users can stake XDC in one of three ways:

  1. XDC NFTs

    • Purpose: The first XDC Staking collection, now integrated with liquid staking capabilities.

    • Mechanism:

      • XDC NFTs act as trustless "vaults" where users can stake their $XDC tokens.

      • Each NFT has unique rarity and multipliers, directly impacting staking rewards.

    • Features:

      • Merge System: Combine NFTs of the same rarity to create higher-rarity assets, increasing rewards and adding deflationary pressure.

    • Advantages:

      • Gamified staking through collectible and upgradable NFTs.

      • Higher rarity NFTs yield better staking benefits, creating a strategic layer for holders.

  2. XDC Vaults

    • Purpose: A staking solution designed for everyone, with no minimum requirements.

    • Mechanism:

      • Users stake $XDC into the system and receive $pstXDC tokens as a liquid staking derivative.

      • $pstXDC tokens represent the staked XDC and can be used in DeFi protocols while still accruing staking rewards.

    • Advantages:

      • Low barriers to entry.

      • Liquidity through $pstXDC for flexible asset utilization while earning rewards.

  3. XDC Masternode Vaults

    • Purpose: Tailored for high-value participants holding 10M XDC or more.

    • Mechanism:

      • Allows direct participation in masternode operations with automated reward distributions.

    • Advantages:

      • Exclusive rewards derived from masternode operations.

      • Seamless participation without needing to meet technical requirements.

NextPRFI STAKING

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