Ventorians Staking
Staking gives holders the highest place in the food chain
Last updated
Staking gives holders the highest place in the food chain
Last updated
You can boost your Gems by Staking your NFT and unlocking The Ventorian Effect. This allows holders to enjoy the
There are 4 levels, the more NFT you own, the more Gems you can receive. Gems will be later converted into xVEN, xVEN = $VEN (the conversion rate is TBA)
Skeptics: No NFTs = 1x Gems boosted
Future Foreseers: 1 NFT = 1.5 x Gems boosted
Trendsetters: 3 NFTs = 2 x Gems boosted
Digital Da Vincis: 10 NFTs = 2.5 x Gems Boosted
To participate in Staking NFTs at Ventory, please follow these steps:
Step 1: On the left-hand side of the Navigation Bar, select "Reward".
Step 2: Click "Stake NFT" to begin participating in staking and receive Gems rewards.
Users can earn Boost points daily based on the number of NFTs staked, as follows:
Staking 1 NFT: x1.5 Boost
Staking 3 NFTs: x2 Boost
Staking 10 NFTs: x2.5 Boost
Once users have staked enough NFTs to reach the required number of boosts, the points earned from quests on the Quest and Leaderboard tabs will be multiplied based on the boost number set by the system.
Additionally, when users stake NFTs, a vault will be created for them. The user's current gem balance will be used, and rewards will be divided daily based on the Annual Percentage Rate (APR).
The rewards will be added automatically to the user's pool, becoming their balance pool for the next day.
For example, if a user has 10,000 points and stakes an NFT with an APR of 10%, it will be considered as the user staking 10,000 points in a vault with a 10% APR. The user's daily reward will be
10,000 x 10% / 365 = 2.74 points
The next day, the formula will repeat, and the user's daily reward will be 10,002.74 x 10% / 365.
Step 3: Choose the NFTs you want to stake, then click the "Stake" button.
Please note that staking transactions may take 1-2 minutes due to possible delays in Starknet's RPC.
Step 4: After successfully staking, your staked NFTs will be displayed in the "Staked NFTs" section, and you will see an estimation of your daily reward in the "Estimated Today Reward" section.
Note: The unstaking process will take up to 3 days from the time the unstake request is made.
Step 1: In the "Staked NFTs" section, select the NFTs you wish to unstake by clicking on them. If you want to unstake all NFTs, click the "Select All" box.
Step 2: Click on the "Unstake" button. The NFTs selected for unstaking will be displayed in the "Unstake Request" section, and a countdown will commence until the day they can be claimed to your wallet.
