Liveliness Staking Guide - Solana
Last updated
Last updated
Users can earn staking rewards for the Liveliness (bonded ITHEUM) on all their Data NFTs. All Data NFTs are a fixed "minimum bond", to maximize your staking rewards you can also have a NFMe.ID Vault Data NFT, a special Data NFT that can be topped up. Let's explore.
In the below sections we will dive into:
Minting an NFMe.ID Vault: A user simply mints their NFMe vault. Users can mint multiple NFMe.id Vaults
Minting a data NFT and setting it as the primary.
Claiming rewards from bonding.
In this section we will cover minting of a NFMe.id Vault. Please follow the below instructions:
Navigate to the minting page
Click on "Mint Data NFT" and go through the minting steps as mentioned here.
Once the NFMe.id Vault is minted you will see the below in the Liveliness page. Your newly minted NFMe.ID , you can set this as your Primary Data NFT to claim rewards. You can change this Primary Data NFT to other data NFTs that you have minted.
Next we will topup the Primary NFMe.ID Vault Data NFT
Enter the amount of ITHEUM you wish to add to the bond of the Data NFT, you will see the estimated rewards update accordingly. Click on Top-Up Now. Once you Top-Up you will see that the bond Time period would have been renewed. Additionally you will be claiming the rewards accrued until the point of the Top-Up.
You can review your revised APR and Combined Bonds Staked.
In this section we will review the Rewards that have been accrued and actions to claim rewards. Once rewards are accumulated, you can either "Claim rewards" or "Reinvest rewards".
Review the rewards accumulated. You can either "Claim rewards" or "Reinvest rewards"
Scenario 1: Claiming rewards
In the case you decide to "Claim Rewards": Note down your current Itheum balance and rewards accrued. After some time accruing rewards, click on Claim Rewards. Your ITHEUM balance should increase by the amount of rewards claimed. (The "Claim rewards" button enabled if rewards > 1)
Note that if your liveliness is below 95% you will able to claim only a portion of your rewards
OR
Scenario 2: Reinvest rewards
In the case you decide to "Reinvest Rewards": Note down your current “Combined Bonds Staked” and the Rewards Accrued. Click on Reinvest Rewards. The combined bond should be updated with the addition of the rewards. (The Reinvest rewards button enabled if rewards > 1)
Note that if your liveliness is below 95% you will able to reinvest only a portion of your rewards
For details on the calculations involved in staking, read more here.