🏦STAKING
Last updated
Last updated
At STR8FIRE, staking is an essential element of operations, allowing our community to increase their involvement and move up in the Tier System. When users stake $STRF, they guarantee a continuous flow of rewards and can play an important role in maintaining the platform's liquidity and stability. Moreover, the Annual Percentage Yield (APY) for staking differs based on your choice of pool; the longer you lock your tokens, the greater the rewards you receive, and the greater your progress through the Tier System.
Staking can directly influence your position within the STR8FIRE Tier System. Each token you stake can bolster your tier status. This progression is crucial as it unlocks incremental benefits and rewards at each new tier level.
These enhancements make it easier to climb the tier ladder by reducing the number of $STRF tokens needed to reach higher tiers.
While staking brings numerous benefits, it's important to be aware of potential risks such as impermanent loss. This occurs when the price ratio of staked tokens changes compared to when they were deposited in the pool. STR8FIRE is committed to providing education and tools to help manage this risk effectively.
The STR8FIRE Genesis NFT, the OG Pass, is a unique digital asset within the STR8FIRE ecosystem. Its primary utility is to improve user experience by providing enhancements, such as an automatic boost to the staking experience on our platform platform, subject to market conditions and the amount of $STRF tokens staked.
Users can hold the OG Pass in their wallets. By staking $STRF on the STR8FIRE platform and simultaneously holding the OG Pass, an enhancement to the user's staking experience is automatically applied.
Simply, Hold the OG Pass in your wallet, stake $STRF, our system detects the NFT and enhances the staking experience.
Here you can buy the OG Passes:
The OG Pass should not be seen as a traditional investment and does not constitute a security. Acquisition of the OG Pass does not represent an investment in a common enterprise, and it does not grant any equity, debt, cash flow rights, or any other form of financial interest in STR8FIRE or any affiliated entity. The OG Pass offers various benefits and perks, such as special status recognition, potential access to exclusive platform features, exclusive access to IPs, and other privileges. However, these benefits are subject to change and are dictated by the terms and conditions of STR8FIRE. The OG Pass is not a digital currency, security, commodity, or any kind of financial instrument and has not been registered under the securities laws of any jurisdiction. All OG Pass transactions are final; purchases cannot be reversed, and there is no guarantee of any resale market for the OG Pass.
