XDC Staking NFTs Mechanics

Understanding XDC Staking NFTs: Maximizing Your Rewards

XDC Staking NFTs introduce a dynamic, gamified staking system within Prime Numbers Labs, allowing you to stake $psXDC (not regular XDC) to earn various rewards. These NFTs are liquid and designed to integrate seamlessly with the XDC Liquid Staking ecosystem, providing enhanced flexibility and utility.

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How It Works

Staking Your $psXDC Tokens

• Stake $psXDC: Acquire $psXDC (by depositing XDC in the Liquid Staking platform or purchasing on a DEX) and stake it inside your NFT. This boosts the NFT’s intrinsic value and unlocks rewards from the XDC rewards pool.

• Withdrawal Flexibility: Your staked $psXDC remains secure and can be withdrawn at any time unless you opt to lock the NFT in a masternode for additional yield.

Leveling Up and Multipliers

• NFT Levels: As you stake more $psXDC, your NFT’s level increases.

• Base + Added Multipliers: Each level adds an Added Multiplier to the NFT’s Base Multiplier, resulting in a Total Multiplier.

  • Example: Base Multiplier = 2.0, Level 18 Added Multiplier = 1.8 ⇒ Total Multiplier = 3.8.

• Greater Rewards: A higher Total Multiplier grants you a larger share of the rewards pool.

Rewards and Maximum Staking

• Staking Limit: You can stake up to 100,000 $psXDC inside each NFT.

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Key Features of Liquid XDC NFTs

1. Liquidity Through $psXDC

   • Stake $psXDC instead of locking raw XDC, preserving your liquidity options while still earning rewards.

2. Gamified Staking

   • Level up and customize your NFTs to enhance multipliers, adding a fun, dynamic aspect to the staking experience.

3. Secure and Flexible

   • All operations use audited smart contracts; you can withdraw staked $psXDC or utilize it in DeFi at any time (unless the NFT is locked).

4. Enhanced Rewards

   • Combining Liquid Staking with NFT-based multipliers lets you maximize yields and tailor your staking strategy.

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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

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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.

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Interface Buttons and Their Functions

• Stake: Stake $psXDC tokens inside your NFT to start earning rewards.

• Withdraw $psXDC: Remove staked $psXDC from your NFT without destroying 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 for an additional 1.25% yearly reward. Total reward: 7.25% + Variable APY. (Locked NFTs cannot use Burn, Merge, or Withdraw features.)

• Claim $XDC: Claim your monthly $XDC rewards, which are stored within your NFT.

• Sell: List or auction your NFT on the PrimePort marketplace.