Stake
In-Wallet NFT Staking for Rewards
Last updated
In-Wallet NFT Staking for Rewards
Last updated
The Stake Page introduces a unique feature that allows you to stake your NFTs and generate rewards right from your wallet, all while retaining the ownership of your valuable digital assets. Here's how it works:
These rewards are contingent upon the Zeus level of your NFT within the blockchain. They are distributed on a per-second basis starting from the moment you stake your NFT until either i) the time you unstake it, or ii) the conclusion of the stake-month, whichever comes first.
For instance, if you staked your NFT on January 7, 2024, and unstaked it on January 10, 2024, you would receive rewards for approximately four days, specifically on the dates 7th, 8th, 9th, and 10th. In another scenario, if you staked your NFT on January 7, 2024, and unstaked it on February 5, 2024, you would be eligible for rewards spanning from January 7th to January 31st, as the month concludes on January 31st.
To maximize your rewards, it is advisable to stake your NFT on the first day of each month. When you visit the website, you can easily discern the generated rewards for each NFT by examining the "Rewards" value associated with the respective Zeus Level.
At the commencement of each month, the owner of the NFT collection allocates a specific amount to a pool intended for distribution as NFT-Clash rewards at the month's conclusion. Users participating in the NFT collection engage in NFT-Clash, progressively elevating their NFT levels throughout the month. The reward-shares generated by each user are calculated as the product of their NFT level at the start of the month and the increase in their NFT level over the month.
At the end of the month, each staked NFT is entitled to receive rewards, calculated as follows:
Rewards for staked NFT = (Reward-shares of NFT / Total reward-shares of all NFTs in the collection) * Reward amount in the pool for the given month
This methodology ensures that each user's contribution to the NFT-Clash, represented by their NFT level and its growth throughout the month, determines their share of the rewards from the pool at the end of the month.
To know, how nft-level changes, checkout "Gameplay" section.
You can improve your chances of winning by using "Attacker Shield" or "Defender Booster", check "Subscriptions" section for more information
Staking Your NFTs (In-wallet):
Staking NFTs means you're committing them to generate rewards within the NFT Clash ecosystem. However, your NFTs remain securely stored in your wallet hence named in-wallet, ready for duels whenever you choose to use them. The "Stake" button on each NFT card confirms your desire to generate rewards for that specific NFT.
NFT Collection Selection:
On the top left corner of the page, you'll find a convenient menu. This menu allows you to choose the NFT collection and the specific NFTs you want to stake. Customize your staking strategy to suit your preferences and objectives.
Pagination for Easy Navigation:
At the bottom center of the Stake Page, you'll find an option to browse through pages. Each page displays a maximum of 6 NFTs. If you have a substantial collection, you can browse from 1 to n pages to view all your NFTs within a particular collection.
NFT Card Layout:
Each page features a grid of NFT cards, each card is organized into two columns. The left column provides essential information about your NFTs:
NFT Name: The name or title of the NFT.
Property/Trait: This property or trait determines the rate at which rewards are generated by the NFT.
Reward: The total rewards generated by the NFT until the current point.
Unlock Date: The date on which you can claim your generated rewards and unstake your NFT
The right column displays an image of the NFT for easy identification.
Need to re-stake once a month:
To ensure users remain active on the platform, reward generation of staked NFT is automatically stopped at the end of the month (last date the month on calendar - e.g. 30th nov, 31st dec, etc)
Users are encouraged to periodically restake their NFTs on every 1st date of the month to maintain continuous reward generation. The "Unlock date" section provides a clear date when you can claim your previous rewards and can restart NFT again for future rewards
User-Friendly Controls:
At any point, NFT owners can interact with their NFTs using the intuitive buttons:
Stake: Initiates the staking process for NFTs that aren't currently staked.
Claim & Unstake: Allows you to claim the rewards generated by the NFT up to that point and unstake NFT
For user-friendliness, there are also buttons provided at the top-right corner of the page, such as
"Stake All" (visible when one or more NFTs are not staked): Stake All NFTs on current page
"Claim & Unstake All" (visible when one or more NFTs are staked & unlocked): Claim rewards and Unstake all NFTs on current page.
The Stake Page empowers you to make the most of your NFTs, generate rewards, and manage your in-wallet staking strategy with ease. It's a convenient and flexible way to enhance your NFT Clash experience.
