NFT Staking

Darkside Finance will be launching with support for staking of ERC-721 (NFT) tokens. We will be able to add pools for NFT series and give each series a multiplier.

We have developed a separate chef file called NFTchef.sol that contains a new slate of functionality related to NFT staking. We will be able to charge a specified MATIC deposit fee for each NFT series, and that MATIC deposit fee will be distributed according to the normal deposit fee split of 75% to CZDIAMOND dividend pool stakers and 25% to our DARK AMM support mechanism.

The staking fee for PolyPunks will be 4 MATIC.

We believe that NFT staking will provide a major source of added value, as most NFTs are currently not staked. In addition, we believe that what we are doing (making NFTs stakeable in standard pools instead of using them as a scammy APR booster) is in accordance with how most NFTs are valued: as a collectible with intrinsic value. We believe that this new type of NFT staking technology, while aligning with users' standard expectations of pools, will also derive a categorically new source of value for NFT holders. This can also synergize with our plan to issue self-minted NFTs.

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