Staking NFTs

Learn how to stake your NFTs for governance rewards and enhanced voting power.

What is NFT Staking?

Overview

NFT staking allows you to lock your NFTs in a smart contract to earn rewards and gain governance benefits. It's like depositing your NFTs to participate more actively in the DAO.

Benefits of Staking

• Governance Rewards: Earn tokens for participation

• Boosted Voting Power: Increased influence in proposals

• Community Status: Recognition as active member

• Long-term Incentives: Aligned with collection success

Staking Requirements

Basic Requirements

• ✅ NFT Ownership: Hold NFTs from the collection

• ✅ DAO Membership: Collection must have active DAO

• ✅ Wallet Connection: Connected Hyperliquid wallet

• ✅ Gas Fees: Small amount for staking transactions

Staking Parameters

{
  "minimumStake": 1,              // Minimum NFTs to stake
  "lockPeriod": 604800,           // 7 days minimum
  "rewardRate": "0.001",          // Daily reward rate
  "boostMultiplier": 2,           // 2x voting power when staked
  "unstakeCooldown": 86400        // 24h cooldown period
}

How to Stake NFTs

Step-by-Step Process

1. Access Staking Interface

1. Go to Collection Page: Navigate to your DAO-enabled collection

2. Click "DAO" Tab: Access governance section

3. Find "Staking" Section: Located in DAO interface

4. Connect Wallet: Ensure proper wallet connection

2. Select NFTs to Stake

// Staking Interface Options
- Individual Selection: Choose specific NFTs
- Bulk Selection: Stake multiple NFTs at once
- All NFTs: Stake entire collection holding
- Custom Amount: Specify exact number to stake

3. Configure Staking

{
  "selectedNFTs": ["#123", "#456", "#789"],
  "stakingDuration": "flexible",  // or fixed period
  "autoCompound": true,           // Reinvest rewards automatically
  "notificationSettings": {
    "rewards": true,
    "governance": true
  }
}

4. Confirm Staking Transaction

1. Review Details: Confirm NFTs and parameters

2. Check Gas Estimate: Review transaction costs

3. Approve Transaction: Sign staking transaction

4. Wait Confirmation: ~30 seconds on Hyperliquid

Post-Staking Actions

• Verify Staking: Check staked NFTs in your profile

• Monitor Rewards: Track accumulating rewards

• Voting Power: Confirm boosted governance rights

Staking Rewards

Reward Structure

• Base Rate: Daily rewards based on staked NFTs

• Bonus Multipliers: Additional rewards for long-term staking

• Community Pool: Shared rewards from DAO treasury

Reward Calculation

Daily Rewards = (Staked NFTs × Base Rate × Time Multiplier)
Time Multiplier = 1.0 (normal) to 2.0 (long-term staking)

Reward Distribution

• Automatic: Rewards credited daily to staked position

• Claimable: Withdraw rewards anytime

• Compounding: Option to reinvest rewards automatically

Enhanced Governance

Voting Power Boost

// Voting Power Calculation
baseVotingPower = numberOfNFTs
stakedVotingPower = baseVotingPower × boostMultiplier
totalVotingPower = baseVotingPower + stakedVotingPower

Staking Benefits

• Increased Influence: Higher voting weight on proposals

• Priority Access: Early access to new features

• Exclusive Proposals: Special staking-related governance

• Community Recognition: Staker status and badges

Managing Stakes

Viewing Your Stakes

1. Profile Section: Check "Staked NFTs" in your profile

2. DAO Dashboard: View staking status and rewards

3. Transaction History: Track staking/unstaking history

Claiming Rewards

1. Access Staking Dashboard: Go to DAO staking section

2. View Accumulated Rewards: Check available rewards

3. Claim Rewards: Withdraw to wallet

4. Confirm Transaction: Approve claim transaction

Modifying Stakes

• Add NFTs: Stake additional NFTs to existing position

• Partial Unstaking: Unstake some NFTs while keeping others

• Duration Extension: Extend staking period for bonus rewards

Unstaking Process

Unstaking Requirements

• ✅ Lock Period Passed: Minimum staking time completed

• ✅ Cooldown Period: 24-48 hour waiting period

• ✅ Gas Fees: Small amount for unstaking transaction

Step-by-Step Unstaking

1. Initiate Unstaking

1. Go to Staking Dashboard: Access your staked positions

2. Select NFTs to Unstake: Choose which NFTs to withdraw

3. Confirm Unstaking: Start the unstaking process

2. Cooldown Period

// Cooldown Timeline
Day 1: Unstaking initiated
Days 1-2: Cooldown period (cannot access NFTs)
Day 3: NFTs become available for withdrawal

3. Complete Withdrawal

1. Return to Dashboard: After cooldown period

2. Confirm Withdrawal: Finalize NFT return

3. Receive NFTs: NFTs back in your wallet

4. Rewards Claimed: Any pending rewards automatically claimed

Staking Strategies

Short-term Staking (1-3 months)

• Purpose: Participate in specific governance votes

• Benefits: Quick rewards, flexible exit

• Risk: Lower reward multipliers

Medium-term Staking (3-6 months)

• Purpose: Balance flexibility and rewards

• Benefits: Moderate multipliers, community influence

• Risk: Some opportunity cost

Long-term Staking (6+ months)

• Purpose: Maximum governance participation

• Benefits: Highest reward multipliers, maximum influence

• Risk: Locked capital, less flexibility

Risk Considerations

Smart Contract Risks

• Audit Status: Ensure staking contract is audited

• Emergency Controls: Check for emergency withdrawal options

• Upgradeability: Understand contract update processes

Opportunity Costs

• Liquidity: Staked NFTs cannot be traded

• Market Movements: Cannot sell during price increases

• New Opportunities: Missing other collection launches

Reward Sustainability

• Treasury Health: Monitor DAO treasury capacity

• Inflation Concerns: Watch for reward dilution

• Economic Balance: Ensure rewards don't harm tokenomics

Troubleshooting Staking

Cannot Stake NFTs

Issue: "Staking contract not available" Solution: Ensure collection has active DAO staking

Issue: "Insufficient balance for gas" Solution: Add HYPE to wallet for transaction fees

Rewards Not Appearing

Issue: "No rewards after staking period" Solution: Check reward distribution schedule, contact support

Cannot Unstake

Issue: "Still in lock period" Solution: Wait for minimum staking time to pass

Issue: "Cooldown period active" Solution: Wait 24-48 hours after initiating unstaking

Staking Analytics

Performance Metrics

• Total Staked: Percentage of circulating supply staked

• Average Duration: Typical staking periods

• Reward Distribution: Historical payout data

• Participation Rate: Community staking engagement

Personal Dashboard

• Staking History: Past staking/unstaking transactions

• Reward History: Detailed reward earning records

• Voting Activity: Governance participation while staked

• Performance Comparison: Your staking vs community averages

Advanced Features

Auto-Compounding

• Automatic Reinvestment: Rewards restaked automatically

• Maximize Returns: Compound interest effect

• Set and Forget: Minimal maintenance required

Staking Pools

• Community Pools: Group staking for shared rewards

• Themed Pools: Special interest staking groups

• Boosted Pools: Higher rewards for specific goals

Governance Integration

• Proposal Boosting: Stakers can boost proposal visibility

• Delegate Voting: Allow stakers to delegate voting power

• Emergency Voting: Special voting rights for stakers

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Staking your NFTs is the ultimate commitment to your collection's success! 🚀🔒