NFT Staking
Last updated
Last updated
Rules (APR)
APR value can be increased by staking APR Tokens. The increased value may vary depending on the Boosting Efficiency of each collection.
Boost APR does not increase the total mining reward. The currency used for Boost APR is identical to the Staking Reward.
Additional Boost Staking is not possible when boosting APR. In order to add more volume to Boost Staking, the user must unstake the original amount and restart the Staking process with the new amount.
Unstaking causes a cooldown duration to occur. Boost APR does not apply during this time.
When staking multiple NFT, the Boost APR applies to all staked NFT equally. It is not possible to apply the boost to specific NFT.
The cooldown duration varies for each collection and may be subject to change depending on operational circumstances.
Claim Rewards
Refers to transferring rewards acquired from NFT Staking to a user's wallet.
Claimable Rewards
Rewards acquired through NFT Staking.
When claimed, it displays the amount (before fee deduction) of tokens transferred to user's wallet.
Total Reward
Reward status of all staked NFT.
Total reward = {Mineable Reward} / {Staking Reward}
Claim Fee
A 2.5% fee is deducted from the Claimable Rewards before the reward is delivered to user's wallet.
Rules (Claim Rewards)
Unstaking all staked NFT will cause the user to forcibly claim all accumulated rewards.
Includes details about NFT available for staking, staking status, and rewards for each Token ID.
Users may view other user's Token ID or staking details as well as their own.
Mineable Reward
The amount of rewards that can be claimed at a certain point for each Token ID
Mineable Reward = (Staking Reward)-(Amount of claimed reward)
Staking Reward Initial amount of rewards distributed for each Token ID
When an NFT levels up, the amount of Staking Reward and Mineable Reward adjusts itself according to the NFT's level.
NFT Level Up
Level up may proceed only when a Token ID has met the level up requirements.
By obtaining all Staking Rewards, an NFT's experience will reach 100%. This is one of the requirements that allows it to level up.
It is possible to increase the Staking Reward limit by making an additional level up payment.
NFT level-up cost and Staking Reward distribution varies for each collection. Details can be found at the corresponding website, white paper, or gitbook.
NFT can only be leveled up one at a time.
Compared to NFT Staking v1, the main changes in NFT Staking V2 are as follows:
Boosting the staked amount wihout unstaking
The NFT Staking service supports a token boosting feature to improve the staking APR. In NFT Staking v1, users had to unstake and re-stake boosted tokens to boost APR and then re-stake additional tokens for further boosting. However, with v2, we've addressed this inconvenience, allowing users to stake additional boosting tokens directly without the need to unstake their existing tokens.
Level up changes
In NFT Staking v1, a fixed amount of MBX was paid as a level-up fee for mined NFTs. However, in v2, the payment token for the level-up fee has changed from MBX to a native token such as KAIA. The level-up cost is based on the price of MBX, and the amount of KAIA is calculated based on the ratio of the price of MBX to KAIA on the global market.
The following information only applies to Marblership Lunar Animals Collection.
Synchronization time for MBX/KAIA exchange rate
Every 1 hour interval
e.g. 00:00, 01:00, 02:00 ... 23:00 (UTC+9)
Source data : CoinMarketCap
Swap time for KAIA → MBX through DEX pair
Every 8-hour interval
Specifically at 01:00, 09:00, 17:00 (UTC+9)
Waiting period changes
Unstaking NFT
In NFT Staking v1, there was a 5-minute waiting period to unstake NFTs. In v2, this has been removed, and unstaking is now instant.
Unstaking Boosting Token
In NFT Staking v1, there was a 5-minute waiting period to unstake unstake tokens used for boosting.. In v2, this has been removed, and unstaking is now instant.
Simultaneous level up for NFTs
In NFT Staking v1, users had to level up multiple NFTs one at a time. In v2, you can level up up to 20 NFTs at once.
50% of the tokens used for the level up cost are burned regularly through a contract address once swapped to MBX through MBX/KAIA DEX pair.
Fee changes
Unstaking Boosting Token
In NFT Staking v1, there was no fee to unstake boosting tokens, but there was a 5-minute wait time, and users had to unstake and re-stake when adding additional boosting tokens. In v2, we've removed the waiting period and introduced a feature that allows users to add boosting tokens without unstaking, though there is now an associated unstaking fee.
