• Lynk, the SocialFi platform, has launched its NFT staking portal to help users tap into the potential of their Lynk NFTs.
• Users can stake their Finder and Keeper NFTs to earn attractive daily yields, as well as extra rewards through community activities and challenges.
• Lynk offers an Annual Percentage Yield (APY) ranging from 256-438%, with no additional fees beyond the nominal gas fee.
Introducing NFT Staking
NFT staking is a process that allows holders of Non-Fungible Tokens (NFTs) to gain rewards and other benefits by temporarily locking their assets on a specific platform or protocol. This works similarly to cryptocurrency staking, where users can participate with just a digital wallet. By staking their NFTs, users are able to generate passive income from idle assets without having to sell them off.
Binance Ape NFT Staking Program
In the wake of this concept, several prominent players in the blockchain space have already begun experimenting with it. Binance launched an Ape NFT Staking Program for holders of Bored Ape Yacht Club (BAYC) tokens allowing them to earn daily rewards.
Lynk Unleashes Full Potential of NFT Staking
Lynk is now taking this one step further with its own version of NFT staking – members are able to stake their Finder and Keeper NFTs in order to maximize their rewards on a daily basis. These two tokens hold the key to unlocking mysteries within the LYNKVERSE; they come with four attributes – Charisma (CA), Vitality (VA), Dexterity (DX), and Intellect (IN). All four attributes directly influence how much reward users can receive when they stake their tokens, up to 438%.
No Extra Fees
What’s more – there will be no additional fees levied on top of what you need for gas when participating in Lynk’s program! The only cost incurred would be a nominal gas fee that is required in order for your transaction go through on Ethereum’s network.
With Lynk’s new portal launch, users now have access to yet another source of income generation without having to sell off any of their valuable tokens! This presents an incredible opportunity for all participants alike; so don’t miss out on your chance at tapping into some attractive yields today!