Staking NFTs

Regular Staking

NFT holders are able to stake and withdraw their NFTs at any time, and collect rental fee from every rental order made. Regular staked NFTs can be switched to fixed term staking at any time, but can't be switched back before the term expires.

Fixed Term Staking

NFT holders are able to stake their NFTs for a fixed term of 30 days, 60 days or 90 days, that grants a time-weighted multiplier of 1x, 1.1x and 1.2x. The staked NFT will be switched to regular staking after the term expires and it can't be withdrawn before the term expires.

Aside from collecting rental fee, fixed term stakers are eligible to collect interests generated from NFT Staking Rewards Pool taking up 3% of the total supply and claim the monthly dividend so long as the fixed term staking is valid. The NFT staking Rewards Pool will release at a weekly rate of 100,000 $BAMB for consecutively 36 months.

There is a fur-rarity-weighted multiplier in calculating the rewards. Rarer the fur, the higher reward it generates from the fixed term staking:

1 panda fur NFT staked = 1x Reward

1 leopard/quicksilver fur NFT staked = 1.2x Reward

1 Zombie fur NFT staked = 1.7x Reward

1 Alien fur NFT staked = 2.2x Reward

1 Golden fur NFT staked = 3x Reward

Stakers' daily staking rewards are calculated at 04:00:00 EST every day. For each 6,500 block period (which is approximately 24 hours), the amount of $PPD rewards to be distributed at each block to stakers is calculated by:

Total Rewards Pool in the prior 6500 block period/6500

Each Staker's staking rewards at each block are calculated by:

Staker's staked NFT at each block (rare fur's reward multiplier considered)/ the total amount of NFT staked at each block * the amount of $PPD rewards to be distributed at each block * multiplier of the staking term