How are NFT Staking Rewards Distributed?
A comprehensive history on NFT staking rewards distribution.
dailyRewards = NFTStakingRewardPool * 3%
- dailyRewards: Daily distribution of BUSD rewards to NFT stakers (the "Daily Rewards").
- NFTStakingRewardPool: The current total holding (in BUSD) of the overall reward pool for NFT Staking (the "NFT Staking Reward Pool").
The NFT Staking Reward Pool is constantly funded by 70% of swap fees, 50% of PandoMarket commissions, and occasional top-ups from the PandoTeam.
1st top-up: 100K BUSD was added to the NFT Staking Reward Pool as initial rewards upon Pandora's launch on 19 May 2022. Details here.
2nd top-up: 100K more BUSD was added to the NFT Staking Reward Pool on 27 May 2022 to boost NFT stakers' daily earnings. Details here.
3rd top-up: to ensure the stability of daily earnings for all NFT stakers, the PandoTeam has implemented The 100-Day Top-Up Operation. This promotion is set to take place from 8 July until 15 October, under which a total of $200K worth of BUSD will be gradually added to the NFT Staking Reward Pool every day until the conclusion of the event. More details here.
The current total holding of the NFT Staking Reward Pool is transparent and displayed under the smart contract named PandoPool:
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Please refer to all the transactions that are paired with "Allocate Reward" tag for proof of the 2000 BUSD daily top-ups.
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Let's take this transaction as an example: https://bscscan.com/tx/0x4dffba2e2f3bac334d7fd151e3be7f383cfd446baa6443db49cd231a0e78a151
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In this transaction, $3,459.82 worth of BUSD or 3% of the NFT Staking Reward Pool was allocated as the Daily Rewards for 5 August 2022. The team also added 2000 BUSD to the NFT Staking Reward Pool as the daily top-up for the next day.