XDC Staking NFTs Mechanics
Understanding XDC Staking NFTs: Maximizing Your Rewards
Our XDC Staking NFTs introduce a staking system within the Prime Numbers Labs solution, allowing you to stake your $XDC tokens to earn various rewards. Now, XDC NFTs are liquid and work similarly to the XDC Vaults, offering enhanced flexibility and utility.
How It Works
Staking Your XDC Tokens:
By staking XDC tokens inside your NFT, you increase its intrinsic value and unlock rewards from the XDC rewards pool.
Your staked XDC remains secure, and the tokens can be withdrawn anytime unless locked in a masternode.
Similar to XDC Vaults, staked tokens issue a liquid staking derivative ($pstXDC), enabling you to maintain liquidity while staking.
Levelling Up and Multipliers:
As you stake more XDC, your NFT levels up, increasing its multiplier.
The Total Multiplier (Base Multiplier + Added Multiplier) determines your share of the rewards pool. For example, an NFT with a Base Multiplier of 2.0 and a level 18 (Added Multiplier of 1.8) would have a Total Multiplier of 3.8.
Rewards and Maximum Staking:
You can stake up to 100,000 XDC inside each NFT.
Once this limit is reached, any additional rewards will be added to your NFT each month.
Use the “Get Surplus” button to withdraw excess XDC.
Key Features of Liquid XDC NFTs
Liquidity Through $pstXDC:
Similar to XDC Vaults, NFTs now generate $pstXDC tokens when you stake XDC.
$pstXDC tokens provide flexibility, enabling participation in DeFi protocols while earning staking rewards.
Gamified Staking:
Engage with staking in a fun and dynamic way by upgrading and customizing your NFTs.
Secure and Flexible:
Staked XDC remains secure in the NFT and can be withdrawn or utilized in DeFi applications at any time, providing an unparalleled level of flexibility.
XDC Staking NFTs combine the power of staking and liquidity, allowing you to maximize rewards while enjoying the utility of liquid staking derivatives. With features akin to XDC Vaults, these NFTs are a versatile and powerful addition to the Prime Numbers Labs ecosystem.
*Total Multiplier = Base Multiplier + Added Multiplier
The Structure Of The NFTs
A Base Multiplier - The NFTs have a rarity that determines the base multiplier for that NFT.
An Added Multiplier - As you level up your NFT it increases the added multiplier.
Interface Buttons and Their Functions
Stake: Stake XDC tokens inside your NFT to begin earning rewards.
Get Surplus: Withdraw any XDC above 100,000 tokens from your NFT after reaching the top level.
Withdraw XDC: Withdraw staked XDC tokens from your NFT without burning it.
Transfer: Move your NFT between wallets.
Merge NFTs: Combine two NFTs of the same rarity to create a higher rarity NFT.
Lock NFT: Lock your NFT in a Prime Numbers XDC master node for 7% additional yearly rewards. Locked NFTs cannot use the Burn, Merge, or Withdraw features.
Claim XDC: Claim your monthly XDC rewards, which are added to your NFT.
Sell: List or auction your NFT on the PrimePort marketplace.
Maximizing Rewards
As your NFT levels up and gains multipliers, your rewards increase. The staking system allows you to actively manage and optimize your digital assets, providing flexibility and potential for growth.
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