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OctoStake

PreviousCryptoCritters NFTsNextUtility

Last updated 11 months ago

Staking is coming very soon to CryptoCritters! Here is a brief summary of how to interact with the protocol and earn passive income through the yield token $ReefRewardCoin $RRC.

  • Two tokens will be stakeable: $BBC and $BWB

  • IMPORTANT: $BBC contract is renounced and has a max wallet of 150,000,000. This means that there can only be 150M out of the 360M supply which can be staked in OctoStake at the same time.

  • If you want to stake $BBC do it as soon as you're able to because of this limit which we're not able to increase.

  • At any time you can check the Base blockchain and see how many tokens are OctoStake at that instant and see how close to 150M $BBC are in the contract.

  • No long term lockup, you can stake and unstake whenever desired

  • Minimum stake amount

    • 500,000 $BBC

    • 1,000,000,000 $BWB

  • There is a 1% fee to create the stake, and 3% fee when unstaking

  • There are 1000 NFTs which can be used as an optional "daily yield boosts" when creating a stake

  • NFT details

    • Collection is viewable on

      • You can hit link to filter by only listed NFTs

    • 1000 total NFTs in the collection

    • There are 500 x 0.50% daily yield boost NFTs, and 500 x 0.25% yield boosters

    • NFTs are burned when used as a yield boost at the time of stake creation

    • Are currently priced low for early adopters

    • NFTs are not soulbound and may be listed on secondary markets

  • Daily yield rates are as follows

    • Day 1 through 7: 0.25%

    • Day 8 through 14: 0.50%

    • Day 15 through 21: 0.75%

    • Day 22 through 28: 1%

    • Day 29 onward: 1.25%

  • Yield is from a new token with tokenomics to be shared prior to launch

  • Yield may be claimed at any time there is zero tax assessed

  • Example of yield calculation

    • A stake is created with 5,000,000 $BBC

    • 12,500 $NewToken is generated as yield (0.25% x 5,000,000 $BBC)

    • Max daily yield occurs on Day 29 onward in the amount of 1.25%

    • 87,500 $NewToken is generated as yield if a 0.50% NFT is used as the daily percentage would be 1.75% daily (same example as above 1.75% x 5,000,000 $BBC)

  • Get ready to earn with OctoStake!

The below screenshots are the actual interface running on the Sepolia Base Testnet

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