🥩NFT Staking Mechanics & Utilities

What can you do with your DEDPRZ NFTs?

  1. The DEDPRZ NFT grants you exclusive access to our ecosystem.

  2. Holder’s access to Discord and Telegram.

  3. Holders need to stake their NFTs along with 2,500 $USA to be a part of the profit sharing. 60% of the profit generated from the casino will be shared with the DEDPRZ NFT Holders in the form of IP licensing royalites.

  4. The collection will receive the majority of our attention towards IP development.

Introduction

Holders can be part of the DEDPRZ royalty-sharing mechanism by staking their NFTs along with 2,500 $USA. [the number of $USA required will rise in the future.]

We facilitate this process by buying back $USA from the open market and distributing it as licensing fees to the NFT stakers.

You can stake your DEDPRZ NFTs here: https://app.dedprz.com/stake

Overview of DEDPRZ NFT + $USA Staking

  • Each holder has to pair each DEDPRZ NFT with 2,500 $USA (min.) tokens to enter the staking pool.

  • Each holder needs to stake the NFTs for a minimum of 28 days per month to be eligible to receive rewards.

  • The rewards are calculated at the end of each month. It is calculated in U.S. Dollars ($) and distributed in $USA tokens.

  • The relevant amount of $USA tokens is then bought from the open market and deposited into the vault.

  • The stakers can claim their rewards from the vault at any point in time.

Example:

1 NFT needs to pair with 2,500 $USA

10 NFTs need to pair with 25,000 $USA.

Utilities of DEDPRZ NFTs

  1. 60% of the profit generated from the casino will be shared with the DEDPRZ NFT holders as royalties.

  2. 5% of the profit generated from the casino will be shared with the Seed Bond NFT holders as royalties.

  3. The DEDPRZ NFT grants you exclusive access to our ecosystem.

  4. Holder’s access to Discord and Telegram.

  5. The collection will receive the majority of our attention towards IP development.

  6. Eligible for all notable Events & Giveaways.

Rule of thumb:

60% of the net profit is reserved for the DEDPRZ NFT collection

5% of the net profit is reserved for the Seed Bond NFT collection

NFT STAKING FAQs

What are lock periods and open periods?

Every staking period or cycle consists of 1 open period and 1 locked period. Each staking period is 1 month. You need to stake in the open period and the entire 28 days of the locked period to be eligible for rewards.

Open Period: A 3-day window each month for staking or unstaking NFTs.

Lock period: 28 days where you cannot unstake your NFTs. However, you can stake your NFTs in the lock period to be eligible for the NEXT lock period.

It is to be noted that you will NOT receive the reward if you stake AFTER the open period ends. NOTE: You can only stake once per wallet in a locked period. You can stake multiple times in any given open period.

Will I be able to unstake my NFTs during the lock period?

No, once staked, NFTs cannot be unstaked during the lock period. You can only unstake in the next open period.

Why am I unable to stake my NFT even after connecting my wallet?

It is possible that you do not have 2500 $USA to accompany the NFT staking. If you are still having any problems, please open a ticket in Discord. OR You have already staked 1 time during the current lock period.

Will I start receiving my share of royalties from this month itself?

As we have mentioned in our previous announcements, royalty distribution will only start after we reach a $1 million bankroll. [not counting $USA]

So would I be receiving anything in the current staking?

Yes, you will receive $USA rewards from the treasury for the first few months of staking.

What is the APY on the staking?

The APY on staking depends on the performance of the DEDPRZ casino. Participation in DEDPRZ is akin to owning a portion of a real casino, with higher royalties linked to better casino performance.

Will $USA requirement for NFT staking increase in the future?

Yes, the $USA requirement for NFT staking will increase in the future. However, specific figures are not disclosed at this time.

How do I know that my NFTs have been staked?

After staking your NFTs, they go into the vault, and you receive an NFT receipt with a golden border around your NFTs.

Upon connecting your wallet with the site, your wallet will display your NFT receipts like the ones below.

PreviousSeed BondNext$USA Token

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