Metera launches VyFI ISPO vaults
We are happy to finally announce Metera x VyFi ISPO vaults for our holders and ISPO participants.
Our newly released ISPO is underway and we’re excited to showcase what we’ve been planning for many months now.
Metera’s ISPO will run for 43 epochs. The first batch of rewards will be calculated on epoch 451.
Redefining NFT vaults through VyFi
We are using VyFi’s NFT vault and locking mechanisms in order to keep NFTs out of circulation and reward those who decide to support us with our ISPO.
Holders that participate in our ISPO and stake their Metera NFTs will receive an extra yield on their NFT fixed $METERA yield.
When you look into our ISPO vaults, you’ll find that the yield is marked as “N/A.” It’s important to understand what this means. The “N/A” designation indicates that the vaults, by themselves, do not offer any additional rewards. However, rewards can be earned when specific conditions are met.
To receive rewards from these vaults, participants must meet certain criteria, which are detailed in our ISPO guidelines. Once these conditions are fulfilled, eligible rewards will be distributed accordingly.
Remember, the “N/A” yield simply reflects the base state of the vaults without considering the potential rewards from meeting the specified conditions.
Understanding Our ISPO and NFT Benefits
We’re launching an ISPO, and it’s important to clarify how our NFTs interact with it. Specifically, our NFTs enhance the fixed rewards, but they do not increase your overall ISPO rewards.
How Does It Work?
Our NFTs provide a predetermined amount of $METERA tokens, depending on the type of NFT you own:
- MeteraBlack NFTs yield 1,100,000 $METERA tokens.
- MeteraBlue NFTs yield 8,800 $METERA tokens.
- MeteraWhite NFTs yield 6,450 $METERA tokens.
To qualify for an extra 40% yield on these fixed rewards, you need to stake at least 1,000 ADA for 20 epochs during the Metera ISPO on the main pool (MTERA). Additionally, your NFTs must be staked with the same stake key through VyFi.
What Are the Bonuses? If you meet the conditions, each NFT you stake will earn an additional 40% on its fixed $METERA reward. Please note, this bonus is solely applied to the NFT rewards and does not affect the ISPO rewards.
Important Disclaimer Participation in this initiative means you will receive a 40% extra yield on the fixed $METERA rewards for each NFT. Remember, these bonuses are exclusive to the NFT rewards and do not apply to the overall ISPO rewards.
Why are we doing this ?
We want to reward NFT holders for their patience and support during these months while driving scarcity for our NFTs and keeping them out of circulation during the ISPO period.
VyFi vaults allow us to have full traceability of staked keys that both hold NFTs and participate in Metera’s ISPO main pool.
Benefits of our ISPO vaults
- Full traceability and accountability for NFT bonuses.
- Smooth sailing through NFT bonuses calculation.
- Earn 40% extra yield on user’s Metera NFT.
Participation Guide for Earning Extra Yield with Metera NFTs
Here’s what you need to do:
- Stake Your NFTs: Navigate to “Vaults” on VyFi and search for Metera ISPO vaults. Stake your NFTs in the vault that belongs to your Metera NFT.
- Stake ADA: Stake a minimum of 1,000 ADA in our Main Pool. Make sure to use the same stake key as you did for staking your NFTs.
- Duration: Keep your stake in place for at least 20 epochs to qualify.
- Enjoy Increased Yield: Once you’ve met these conditions, you’ll earn an additional 40% yield on all your Metera NFTs.
Important:
Currently VyFi only accepts the following wallets, you must stake through VyFi and our main “MTERA” pool using the same stake key in order to be elegible for the 40% bonus:
Locking Period for Metera ISPO Vaults
To ensure fairness and adherence to the rules of our ISPO, we’ve set the locking period for the Metera ISPO vaults to 110 days, which equates to 22 epochs. This measure is crucial to prevent any NFT from being staked more than once during the ISPO duration.
It’s important to note that each NFT can only yield the 40% bonus once. The extended locking period is a safeguard to maintain the integrity of the ISPO and ensure that all participants have an equal opportunity to benefit from their NFTs without repeated staking.
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Metera Protocol is a decentralized finance (DeFi) protocol built on the Cardano blockchain that enables the creation and investment of tokenized portfolios known as Metera Tokenized Portfolios (MTKs). Each MTK is assigned a Global Impact Score based on the Impact Measurement System (IMS) tool, which assesses the sustainability and impact aspects of decentralized digital assets, providing visibility to projects that are generating more impact.
