🔒NFT staking
Every holder can receive additional income from OAYC and MOAYC using staking contract.
How it works:
Choose apes you want to stake or lock
Choose the period of stacking/locking
Wait until the period ends
Withdraw your apes and claim rewards in $OAYC token
Staking and locking
There are 2 types of staking – normal staking and hard locking. The differences are:
| Stake | Lock | |
|---|---|---|
Period | 1 - 28 days | 28 - 100 days |
NFT is locked in contract | No | Yes |
Reward multiplier | x1 | x1.5 |
Withdraw anytime | Yes | Yes |
Early withdraw penalty | 50% | 100% |
Special reward | OAYC+MOAYC pair | OAYC+MOAYC pair, 100 days lock |
Rewards
Rewards are allocated daily but you can claim it from the staking contract after staking/locking period ends. If you withdraw ape before your staking/locking period ends, you will have a 50% reward penalty (100% penalty in case of locking NFT).
MOAYC gets 50% of OAYC rewards.
Daily staling pool is ≈822 000 $OAYC. Daily pool is shared among all staked NFT. This means less apes staked – more rewards each ape gets. This mechanics will help to motivate holders to stake when staking ration decreases.
Extra bonuses:
Stake OAYC + MOAYC pair (means OAYC + generated from it MOAYC. Example OAYC #7652 + MOAYC #7652)
Lock your NFT for 100 days and get mega bonus of 100 000 $OAYC
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