It’s time to get excited about our upgraded NFT staking/farming mechanism on the VyFinance platform. For the first time in Cardano, we will be merging generalized asset staking with farms, allowing projects to customize their liquidity providers farming experience like never before!
Staking Merged with Farms
Our NFT and token staking platform us being fully merged with our farms. This will allow users the capacity to stake their VYFI NFTs against any liquidity pool their farming to boost the total farm received for providing to that pool. These farming rewards will stack, allowing users to earn more by staking more NFTs to any given pool.
Generalized asset staking rewards
Our staking implementation can be generalized, to allow for staking of any NFT on chain, or any token on chain. This means projects that want to create custom liquidity rewards based on user held assets will now be able to do so on the Cardano chain!
VYFI NFT upgrade
Our NFTs will be upgraded with a new design, and a new mint. All NFTs will be swappable for the new design once launched.
NFT Art Competition
In celebration of our NFT upgrade, we are hosting a design competition for the new NFT that is open to all!
The final winner of this competition will be voted on by the community from a final list. VYFI reserve the right to not use the final voted art piece as the design in the NFT, BUT if the winner is chosen as the final design, the artist will receive a lifetime 2% royalties from NFT sales.
All of this is taking place before the end of the year, so grab a VYFI NFT and get involved now!
