NFT STAKING
Last updated
Last updated
MBX NFT is the comprehensive NFT platform in the MARBLEX ecosystem.
With MBX NFT platform's various features, users can utilize their NFTs in a variety of ways, increase their value, and receive additional benefits.
In this guide, the following materials will be covered:
How to start NFT Staking
Changes implemented for NFT Staking v2
How to boost APR by staking tokens
The following guide was created using sample images from the dev page of MBX NFT. Please note that they may differ from the actual website at the launch of MBX NFT.
1. From the main page of MBX NFT, click on STAKING.
2. From the list of staking pools, select Marblership Lunar Animals.
3. Welcome to the NFT Staking page for Marblership Lunar Animals. To begin staking, click NFT Stake.
4. If the NFT Staking page is accessed for the first time, the following pop-up message will appear. Click approve to proceed.
5. This step is required to grant approval for the site to add the Kaia network. Click Approve. This will configure the network settings to Kaia.
6. This step is required to grant permission to the MBX NFT service to transfer the NFT for staking. A small gas fee is required for the approval process. Click Confirm → Approve.
7. Wait for the approval process to complete.
8. Once completed, you'll see a pop-up with the message NFT Approval Success.
9. Now click NFT Stake (from step 3) again, which brings up the Stake NFTs menu. First, check the NFTs that are in your possession. Next, select the NFT that you wish to stake and click Stake.
10. In order to stake the NFT, a small gas fee must be paid. After checking the gas fee details, click Confirm. Wait for the staking process to complete until the NFT Staking Success pop-up appears.
11. The staked NFT can be found in the NFT Staking List. You can check whether you have any more stakeable NFTs by clicking the greyed out button to the right.
In NFT Staking v2, new features have been added to improve user-friendliness.
Previously, tokens that were staked needed to be unstaked, and users had to wait for a certain period before they could boost the APR again. First, let’s take a look at how users can conveniently add more tokens to further boost the APR.
1. From the main staking page, click Stake More.
2. The same Boost APR pop-up from when you first started staking tokens will appear again. Enter the Staking Quantity. Take note of the Estimated APR value before proceeding.
3. In this guide, all remaining tokens were staked as can be seen by Quantity Held and Staking Quantity. You’ll notice a slight increase in the Estimated APR. Click Stake to continue.
4. You'll encounter a MetaMask pop-up, which will prompt you to pay the gas fee. Click Confirm. After a few seconds, you’ll receive the Boost Staking Success pop-up.
Now, let’s try unstaking the tokens that were used to boost APR.
5. From the main staking page, click Request Unstaking.
6. Check the information that is displayed in the pop-up and click Request Unstaking. One of the updates in NFT Staking v2 is the introduction of a platform fee (0.25%), which occurs when unstaking tokens that are used to boost APR.
7. A MetaMask pop-up will prompt you to pay a small gas fee (KAIA). Click Confirm. After a few seconds, you’ll receive the Request Boost Unstaking Success pop-up.
1. Similar to NFT Staking v1, users are able to boost APR by staking tokens. To start, click Token Stake for APR Increase.
2. A pop-up asking for the approval to stake tokens will appear. Click Approve to proceed.
3. This step is required to grant permission to the MBX NFT service to transfer Tokens for staking. When performing Boost APR for the first time, you will need to configure the spending cap, which requires 2 steps. First, enter the “Custom spending cap” (You may leave it at the default value). Click Next. In the next page, verify the spending cap once more and check the gas fee. Then, click Approve.
4. After a few seconds, you will receive the Boost Approval Success pop-up. Wait for the pop-up to close and repeat Step 1.
5. You will get a pop-up for Boost APR. Enter the amount of tokens you wish to stake in the Staking Quantity field.
6. To give you a clear picture of how staked tokens affect the APR, the following image illustrates the increase in Estimated APR when 9,999 tokens are staked. Click Stake to continue.
7. A MetaMask pop-up will prompt you to pay a small gas fee (KAIA). Click Confirm. After a few seconds, you’ll receive the Boost Staking Success pop-up.
8. From the main staking page, you will find that the Boost APR information has been updated.
