Staking
Staking is implemented as a fair distribution of the $FRST token to the community over the course of a 12 month period. We are on the edge of NFTs x DeFi.
The following tokens can be staked on the FROSTY platform for native $FRST token rewards:
Genesis FRST NFTs
ERC-721 Parent NFTs
LP tokens from $FRST pair pools
Liquidity providers can provide liquidity to available pools for the highest yield available. Yield will be paid out in the form of native $FRST token.
APY is sensitive to the BNB value of the staked NFT or amount of $FRST locked up. $FRST token can be swapped for BSUD in the liquidity pool.
90% of the $FRST token total supply is allocated for staking rewards, with 200 from this allocated to provide the initial pancakeswap $FRST/BNB liquidity.
Rewarded $FRST tokens can be claimed at any time and withdrawn to the connected wallet.
Genesis FRST ERC-721 NFTs. These NFTs can only be purchased during The Genesis Period for an BNB contribution between 0.1–2BNB. BNB contribution value impacts staking rewards i.e. more BNB contributed more $FRST staking rewards. The Genesis Period ends October 20th 2021,11 PM UTC.
NFTs bought at the FROSTY Auctions (ERC-721 Parent NFTs) These NFTs are bought at the FROSTY auctions and can also be staked on the FROSTY platform to earn $FRST rewards. The BNB value paid for the Parent NFT effects the staking rewards
$FRST LP tokens $FRST LP tokens from the FRST/BNB pancakeswap pool can also be staked to earn more $FRST token. Users can either provide equal amounts of $FRST and BNB liquidity to the Pancakeswap pool and then stake these LP tokens on the FROSTY platform, or, they can choose to input BNB directly through the platform UI under the "ZAP BNB" function. This BNB is automatically sold into an equal amount of $FRST and then the LP token staked on the FRSOTY platform.
Last updated
