NFT Stake (Metaverse Hub)
Bringing DeFi to the Metaverse
Our NFT Staking platform (aka Metaverse Hub) not only allows our in-house CRXILLION NFTs to be staked in an innovative yield generation model, but it is also open to third-party projects wishing to plug their collections into the Hub.
By staking your NFTs in a pool, you gain access to rewards, bringing DeFi mechanics to the NFT space. You can stake as many NFTs of the same collection as you like, and the more NFTs you stake, the larger your rewards share will be.
The CRX Metaverse Hub pools are live min. for 4 weeks. Each round, projects can "refill" their pools, and NFT holders continue enjoying yield generation from their art investment.
This gives NFT collectors more options to achieve profit from their investments; however, you should be aware that an NFT that has been staked at the Hub cannot be listed at secondary marketplaces at the same time.
There are no locking periods for NFT Staking, so you are free to stake/unstake your NFTs at any time you like.
Each transaction at the Hub incurs a 1 $CRO processing fee. These fees are collected by the protocol to execute $CRX Buybacks, benefiting the whole CRODEX ecosystem. CRXILLION Transactions are exempt from this fee.
Check out the CRX Metaverse Hub: https://swap.crodex.app/#/rewards/nftโ€‹

How to stake NFTs?

Step 1. Click "Stake" in the navigation bar and open the NFT tab.

Step 2. Select the NFT Staking Pool youโ€™d like to use and click "Deposit". In this example, we use the Stake CRXILLION NFT, Earn CRX Reward Pool.

Step 3. Click "Batch Deposit NFTs".

Step 4. Select the NFTs you would like to stake. First click "Approve" to enable the pool in your connected wallet and then click "Deposit" to stake your selected NFTs into the Reward Pool.

Step 5. Validate the transaction in your wallet.

Done, you are now staking CRXILLION NFTs and earning CRX tokens!
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