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User who minted a Miuzu Card NFT is able to trigger the staking function. The SC transfers the Miuzu Card NFT to the SC, remain the ownership to the user, but locked till with unstake / withdrawl function got activated. The SC calls the (MITO) / (tMITO) from the SC and stake it to the MikadoLabs validator on behalf of the user. The SC claims all native rewards in behalf of the user automatically and convert the (gMITO) rewards to (MITO) after each staking epoch ( 7days), see “claim rewards”. Furthermore the SC aligns with the DNA programm and with that the SC will be eligible for the dApp Reward Pool MAX Pool. The dApp Reward Pool MAX Pool giving (lMITO) ( locked (MITO) incentives for utilizing (MITO) or any derivative kind of the native gas token. More people stake, more incentives will flow to the Miuzu Card NFT stakers, giving our users a higher APY than avg. in native way.

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Miuzu Card NFT Rewards

The Miuzu NFT staking contract claims (gMITO) rewards and convert (gMITO) to (MITO) or (tMITO) (depends on the users paid currency ( token)) automated. The Miuzu NFT staking contract allows the eligible user to claim their rewards via the “Claim” function. Duration: Due the Cosmos staking princip, converting accelerates a period of ~7+days till the eligible user can claim their rewards. Bronze Card NFT:
  • flexible native validator staking APY
  • 15% share of the lMITO incentives accelerated by governance voting on the dApp Rewards MAX Pool voting based on a Dynamic Rewards Distribution
Silver Card NFT:
  • flexible native validator staking APY
  • 35% share of the lMITO incentives accelerated by governance voting on the dApp Rewards MAX Pool voting based on a Dynamic Rewards Distribution
Gold Card NFT:
  • flexible native validator staking APY
  • 50% share of the lMITO incentives accelerated by governance voting on the dApp Rewards MAX Pool voting based on a Dynamic Rewards Distribution

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Incentivized rewards

The dApp Reward Pool MAX Pool giving (MITO) ( locked (MITO) incentives for utilizing (MITO) or any derivative kind of the native gas token. More people stake, more incentives will flow to the Miuzu Card NFT stakers, giving our users a higher APY than avg. in native way. The incentives will be fully flow back to the users of the staking service. The special perks of each tier will be distributed via a Dynamic Rewards Distribution of Tiers model.