How To Stake Metfi Token

To stake MetFi (MFI) tokens, you need to follow a specific process. Here’s a simplified step-by-step guide based on information from MetFi’s website and affiliated resources:

  • Purchase MetFi NFTs: To become a member of the MetFi DAO and start staking, you must first purchase MetFi NFTs. These NFTs act as your proxy within the project.
  • Receive MFI Tokens with NFT: When you purchase a MetFi NFT, you are gifted a number of MFI Tokens that are automatically staked with your NFT.
  • Staking Rewards: Staking rewards are distributed every 12 hours and are automatically added to your staked tokens. The rewards are calculated based on the level of your NFT, with higher levels offering greater rewards.
  • Purchase Additional MFI Tokens (Optional): You can also buy additional MFI tokens to stake, which will increase your staking rewards.
  • Understanding MetFi NFT Levels: MetFi has 10 levels of NFTs, each offering different benefits and earning potentials. Higher-level NFTs give you more staked tokens, a greater daily staking rewards multiplier, and additional affiliate reward privileges.
  • Participation in MetFi DAO: As an NFT holder, you have the right to vote on the DAO’s actions and governance. Your voting power is determined by the level of NFT you hold.
  • Selling Your NFT: You are the absolute owner of your NFT and can sell it on MetFi’s NFT Marketplace if you choose to.
  • Unstaking MFI Tokens: If you decide to withdraw your staked MFI tokens, you must unstake them. This process will deactivate the utility functions of your NFT, converting it into a collectible/art NFT.

MetFi Tokens (MFI) are digital assets used within the MetFi ecosystem. They are crucial for staking, earning rewards, and participating in the governance of the MetFi Decentralized Autonomous Organization (DAO).

To stake MFI tokens, you need to purchase MetFi NFTs. These NFTs come with a certain number of MFI tokens that are automatically staked. You can increase your staking rewards by purchasing additional MFI tokens.

Staking MFI tokens offers several benefits including earning staking rewards every 12 hours, participating in the governance of the MetFi DAO, and increasing your affiliate rewards potential.

Yes, you can unstake your MFI tokens. However, doing so will deactivate the utility functions of your NFT, transforming it into a collectible/art NFT.

Yes, there are 10 levels of MetFi NFTs, each offering varying benefits. Higher-level NFTs provide more staked tokens, higher staking rewards multipliers, and additional affiliate reward privileges.