NFT Farming
What is NFT farming?
StarBlock DAO's NFT staking rewards allow NFT holders to earn STB tokens and royalties WETH dividends by staking prescribed NFTs on the platform.
After staking NFT, holders will get the same Wrapped NFT as the staked NFT, referred to as WNFT. WNFT can be traded on any NFT Marketplace. If the trading generates royalties, it will be rewarded to WNFT holders as dividends.
How are NFT farming rewards calculated
StarBlock DAO officially launched a collection of NFTs available for staking. After the NFT in these collections is staked, the certificate NFT-WNFT will be obtained.
Earn STB rewards based on how long you hold WNFT
Staking NFT reward algorithm is as follows
User A holds the number of WNFTs / the total number of WNFTs in the collection X the number of STB rewards per block X the number of staking blocks.
How to unstake NFT
After holding WNFT, you can unstake on the platform to get back the corresponding original NFT. When unstaking, you will automatically receive the STB reward and dividend reward of the STB staking, and you will no longer be able to continue to obtain subsequent staking rewards.
What are the conditions for harvesting the reward?
The conditions for harvesting STB staking rewards and dividend rewards are as follows
• Hold WNFT staked through staking pools
Which collections of NFTs are eligible for staking rewards?
StarBlock DAO will regularly update the collection information available for staking. Please pay attention to official announcements or community dynamics.
NFT Staking Farming List (20st,July,2022)
Last updated