PrimeStaking
  • MUST READ
  • Overview
  • PRFI STAKING
    • Staking Reward System
      • PRFI Staking
        • PRFI Staking Mechanics
        • PRFI NFT Staking Reward System
        • How to Buy a PRFI NFT?
      • Staking Design
      • How to Use the Staking Platform?
  • XDC STAKING
    • XDC Liquid Staking System
      • XDC Liquid Staking
        • XDC Staking Rewards
      • XDC Masternode Vaults
      • XDC Staking NFTs
        • XDC Staking NFTs Mechanics
        • XDC NFT Staking Reward System
        • Smart Contract Functions
      • FAQs
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On this page
  • 1. Stake
  • 2. Withdraw $pstXDC
  • 3. Transfer
  • 4. Merge NFTs
  • 5. Lock NFT
  • 6. Claim $XDC Rewards
  • 7. Sell
  1. XDC STAKING
  2. XDC Liquid Staking System
  3. XDC Staking NFTs

Smart Contract Functions

Core functions within the XDC Staking NFTs smart contract, defining their purpose and usage.

1. Stake

Description: Allows users to stake $pstXDC inside their NFT to begin earning NFT-based rewards.

Functionality:

  • Users deposit $pstXDC into their NFT; this increases the NFT’s intrinsic value and starts accruing NFT-level rewards.

2. Withdraw $pstXDC

Description: Users can withdraw their staked $pstXDC tokens from the NFT, partially or fully removing their staking position.

Functionality:

  • When withdrawing, the corresponding $pstXDC is sent to the user, symbolizing the redemption of the underlying stake.

  • This does not burn the NFT, allowing it to remain in use or be restaked later.

  • Withdrawn tokens are returned to the user’s wallet in $pstXDC form.

3. Transfer

Description: Allows users to move their NFT between different wallets.

Functionality:

  • On transfer, NFT ownership is updated on-chain.

  • The new owner inherits the NFT’s staked $pstXDC and associated reward multipliers, as well as any locked status or available surplus.

4. Merge NFTs

Description: Combines two NFTs of the same rarity to create a higher-rarity NFT.

Functionality:

  • Both original NFTs are burned, and a new, upgraded NFT is minted with improved base multipliers for staking.

  • The newly created NFT can stake $pstXDC at an enhanced rate, potentially increasing overall rewards.

5. Lock NFT

Description: Users can lock their NFT for an additional yield (for instance, 7.25% + variable APY) over a specified period.

Functionality:

  • Locked NFTs earn extra staking rewards, typically paid monthly.

  • Restriction: While locked, the NFT cannot use Merge, Withdraw, or other functions that would alter its staked position.

6. Claim $XDC Rewards

Description: Users can claim their monthly rewards generated through the NFT’s multipliers and staked $pstXDC. Rewards are paid in $XDC.

7. Sell

Description: Users can list or auction their XDC Staking NFT on the PrimePort marketplace (or any compatible NFT marketplace).

Functionality:

  • Sellers set their price and transfer NFT ownership to the buyer upon sale.

  • The buyer then acquires the NFT’s staked $pstXDC, any pending rewards, and the right to future yields.

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Last updated 1 day ago