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Staking Requirements

What do you need to provide to become a liquidity provider, how much capital is required and how long will it take to see an ROI?

There are two ways in which you can now stake your NFTs on NFTX

  1. Inventory Staking
  2. Liquidity Staking

The requirements, capital, and ROI differ between the two.

What you need to stake

Inventory Staking

You require at least one NFT from the collection you would like to start staking. While you can stake fractions of tokens thorugh double sided staking, single sided staking requires the actual NFTs to increase the inventory.

Liquidity Staking

You require at least one NFT from the collection along with the relevant amount of ETH to balance the pool. For example, if you wanted to get into the UWU pool which has a token price of 0.5ETH you would require one UWU NFT plus 0.5ETH to pair.

With double sided staking you are also able to stake fractions of tokens.

The more inventory or liquidity you provide the larger the share of the pool and the more rewards you will earn through vault fees.

Don’t forget, when you stake your assets will be locked up for a period of time before you are able to exit your positions.

  • 48 hours locked position for double sided staking
  • 7 days locked position for single sided staking

While staking and earning yeild seems like a no brainer, let’s take a look at some of the staking risks.