Staking

NFT staking works the same way as staking crypto coins or tokens. Holders will be forced to lock their NFT in a smart contract that will accrue rewards in the form of $WAND. In our case, staking rewards are calculated by the second, meaning each time the page is refreshed, the amount of $WAND earned will have increased. Stakers can claim rewards and unstake as often as they wish for free + gas fees.

WonderlandWitches is a multi-chain NFT, so holders will need to lock their NFT on the blockchain in which they hold that NFT. For example, holders cannot lock an AVAX Witch on the Polygon staking contract. If a holder mints a Polygon Witch it must be staked on the Polygon staking contract.

So how does this work? Holders who stake their Witch on Avax will receive aWAND, holders who stake their Witch on Fantom will earn fWAND, and holders who stake on Polygon will earn mWAND.

During the bull market, particularly node and ohm forks season, many projects were offering unsustainable returns.

Staking Rewards:

Polygon: 0.02 $WAND per day, per Witch.

Avax: 0.025 $WAND per day, per Witch.

Fantom: 0.03 $WAND per day, per Witch.