Overview

PrimeStaking Overview

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

1. PRFI Staking

For PRFI Token Holders

  • Purpose: Allows holders of PRFI tokens to stake within the PrimeStaking system and earn additional PRFI rewards.

  • Rewards:

    • Extra PRFI tokens

    • Participation-based incentives

    • Potential gains from ecosystem growth

  • Flexibility: Ideal for users who wish to grow their PRFI holdings while supporting the PrimeFi ecosystem.

2. XDC Liquid Staking

For XDC Token Holders XDC Liquid Staking provides XDC holders with a flexible, liquid-staking derivative called $psXDC. By staking XDC (and receiving $psXDC in return), participants remain active in DeFi without permanently locking their funds. There are three main approaches:

A. Standard XDC Liquid Staking

  • Purpose: A straightforward method to stake XDC and receive $psXDC—no minimum requirements.

  • Mechanism:

    1. Users stake XDC in the Liquid Staking protocol.

    2. The system issues $psXDC (1:1) to represent the staked XDC.

    3. $psXDC will be used in DeFi while still accruing staking rewards. (Not live as it needs support from the platform or a $wpsXDC, which is coming asap)

  • Advantages:

    • There are low barriers to entry, so that anyone can participate.

B. XDC NFTs

  • Purpose: A gamified staking option for those seeking higher rewards by staking $psXDC inside an NFT.

  • Mechanism:

    1. Users deposit $psXDC (instead of raw XDC) into the NFT.

    2. Each NFT has unique rarity and multiplier levels that affect reward rates.

    3. Merging two NFTs of the same rarity can create a higher-rarity NFT with enhanced multipliers.

  • Advantages:

    • Interactive staking: Transform staking into a collectible and upgradable experience.

    • Higher rewards: Rare or leveled-up NFTs yield better returns, adding a strategic element for holders.

C. XDC Masternode Staking

  • Purpose: Tailored for 10M+ XDC holders seeking premium rewards.

  • Mechanism:

    1. Large XDC holders stake in a masternode framework without needing their own technical setup.

    2. Rewards are automated and often higher than standard Liquid Staking.

  • Advantages:

    • Exclusive yields from masternode operations.

    • Minimal overhead: No server hosting or technical maintenance required.

Summary of XDC Liquid Staking Options

  • Standard XDC Liquid Staking – Low-entry path to receive $psXDC and maintain full DeFi liquidity.

  • XDC NFTs – Gamified approach using $psXDC inside NFTs; unique rarity and multipliers can boost rewards beyond standard staking.

  • XDC Masternode Staking – Ideal for 10M+ XDC holders seeking premium rewards with minimal overhead.

By unifying PRFI Staking and XDC Liquid Staking under one umbrella, PrimeStaking offers multiple avenues for passive income and ecosystem engagement—whether you’re a PRFI supporter, an XDC enthusiast, or a large-scale masternode participant.

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