πΌοΈWhat is NFT Staking?
Learn how Project Pi introduces innovative NFT Staking to maximize your rewards.
NFT
Staking enables holders of PPY NFTs to earn rewards by participating in Project Piβs ecosystem. Each NFT
represents 100,000 PPY
tokens, making it a key asset in generating additional income streams.
How It Works
Hold an
NFT
: Automatically minted when you hold 100,000PPY
in your wallet.Stake Your NFT: Stake it to earn a share of redemption fees from liquid stakers converting
stPLS
toPLS
.Earn Rewards: Enjoy sustainable rewards from shared redemption fees.
Benefits of NFT Staking
Earn Fees: Gain a share of fees from
stPLS
redemptions.Dual Utility: Combines PRC20 (
PPY
) and PRC721 (NFT
) for enhanced rewards.Easy Access: Requires only 100,000
PPY
to mint anNFT
.
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