🥩DegenBrains NFT Staking Info

Staking begins 08/19 at 8am UTC

DegenBrains NFTs Can Be Staked

Stake here: https://www.degenbrain.finance/#/stake

NFT owners that stake their NFTs will earn a set amount of 40 $DBF each month. However, since we don’t expect all 10,000 NFTs to be staked on the platform, there will be $DBF left over from the monthly allocation.

At the end of each month, we will take the remaining DBF and divide it in two:

50% will be equally distributed to the NFTs currently staked 50% will be burnt.

This will both reward our NFT holders and reduce token supply.

For example, if 3,000 NFTs are staked, the total payout will be 3,000 x 40 $DBF at a total of 120,000 $DBF. That leaves 296,666.67 $DBF remaining (416,666.67–120,000). That 296,666.67 will now have 50% burned (148,333.33) and 50% equally sent out to all staked NFTs (148,333.33 / 3,000) for a total of 49.44 additional $DBF paid to each NFT.