Minted Help Centre
  • 🚀Welcome to Minted Network
  • ⭐Getting Started
    • Essential NFT Terms
    • Do Your Own Research (“DYOR”)
    • Setting Up Your Wallet
    • User Profile
    • Setting Notifications
    • Earn with Minted
      • Listing Rewards
      • Trading Rewards
      • Claiming Listing & Trading Rewards
      • MTD Staking
        • Increasing Your Deposit and Upgrading Your Locking Period
        • Withdrawing and Harvesting
      • NFT Staking
  • 🎯Minted How-To Hub
    • Buying NFTs
      • Buying a fixed-price NFT
      • Bulk purchasing NFTs
    • Floor sweeping NFTs
    • Making an offer for an NFT
    • Accepting an offer
    • Listing an NFT for sale
    • Setting a lower price or cancelling a listing
  • 💡Creators
    • Listing Your Collection
    • Verification Badge
    • Launchpad
    • Royalties
      • Collections royalties verification
      • Using CronoScan to set royalties
      • Using Etherscan to set royalties
  • 👾MEMETED & INSCRIPTIONS
    • MEMETED
      • Make-Your-Own-Meme
      • Token Airdrop Tool
      • Verify your meme token
      • Add token image
      • Renounce ownership
      • Add liquidity
    • Inscriptions Marketplace Standard
  • ❓FAQs
    • General Questions
    • Troubleshooting
      • Error Message Directory
    • Fees
    • Wrapped Tokens (WCRO/WETH)
  • ⚒️DEVELOPERS
    • API Endpoints & SDK
      • List of Collection Stat
      • Collection Stat
  • 📑Docs
    • Brand Assets & Usage
    • Audits
    • Smart Contracts
    • Production IP Addresses
Powered by GitBook
On this page
  • What is NFT staking and how does it work?
  • Staking and unstaking your NFT
  1. Getting Started
  2. Earn with Minted

NFT Staking

PreviousWithdrawing and HarvestingNextBuying NFTs

Last updated 4 months ago

What is NFT staking and how does it work?

Minted now supports NFT staking for the “Cronos Cruisers” collection. A maximum of five “Cronos Cruisers” NFTs can be staked at any one time and you’re free to select which ones in your collection you’d like to stake.

An additive multiplier applies to every NFT staked, and will be applied to all vaults simultaneously. Additive multipliers have a limit of 1.5x, bringing the total multiplier limit to 2.5x.

Each NFT rarity tier has its own additive multiplier. See the table below for more information:

Rarity

Additive multiplier

Legendary

0.5x

Epic

0.2x

Rare

0.1x

Common

0.05x

For example, if you have one “Legendary”, two “Epic”, and one “Common” NFT, the cumulative additive multiplier will be: 0.5 + 0.2 + 0.2 + 0.05 = 0.95.

Therefore, the total multiplier will be 1 (base) + 0.95 (additive multiplier) = 1.95x. When you stake NFTs, MBOOST tokens based on the additive multiplier will be minted, and this will determine your share of the vault emissions.

When you unstake NFTs, MBOOST will be burned, based on the reduction in additive multiplier from the unstaked NFTs.

Staking and unstaking your NFT

Staking your NFT(s)

  1. Click Rewards in the top navigation panel

  2. Select Deposit MTD

  3. Click Boost Now in the Stake Cronos Cruiser NFTs to Boost Rewards section

  4. Select up to five “Cronos Cruisers” NFTs that you would like to stake and click Stake

  5. Approve the signature from your cryptocurrency wallet when you reach the Staking Confirmation page

  6. You’re all set! You should now see a transaction confirmation pop-up.

However, if you try to stake your NFT(s) but do not own any eligible ones, the following message should appear, telling you that it’s time to snag a “Cronos Cruisers” NFT!

Staking more NFTs to boost your token rewards

  1. Click Rewards in the top navigation panel

  2. Select Deposit MTD

  3. Click + / - in the Stake Cronos Cruiser NFTs to Boost Rewards section

  4. Select the NFTs that you would like to stake (maximum is five)

  5. Click Stake

  6. You’re all set!

Unstaking your NFTs

  1. Click Rewards in the top navigation panel

  2. Select Deposit MTD

  3. Click + / - in the Stake Cronos Cruiser NFTs to Boost Rewards section

  4. Select the NFT(s) that you would like to unstake

  5. Click Unstake

  6. You’ve successfully unstaked your NFT(s)! Please note that your vault boost multiplier will change according to the rarity and number of NFTs that you’ve unstaked.

⭐