How to use NFT staking
To stake NFTs on the xrpltools.pro platform, you will need 3 things:
1) XUMM Wallet
2) NFT from a collection participating in staking
3) RLT Points. We will explain how to get it below.
First, you need to authenticate on the website. To do this, you will need the XUMM Wallet. It’s quite simple, especially if you have already used similar platforms. Immediately upon entering the site, you will see a popup with a QR code. Scan it using XUMM, and you will be authenticated right away.
After that, you can start working with the platform. Here, you can see your XRP balance, RLT balance, RLT points, as well as any Rocket Launch NFTs in your wallet, which give you Power and Karats.
To stake NFTs, you will need RLT points. First, go to the NFT staking section and check how many points you need.
Then, go to the Burn-to-Earn section, select the RLT burn pool, and see how much RLT you need to burn to obtain the required number of points.
Two important points to note here: burning RLT is not irreversible, as you will receive your tokens back plus profit. Additionally, if you have NFTs from the Diamond Hands collection, the number of points will be multiplied when burning RLT. Multipliers for the Diamond Hands collection are:
If you already have RLT, proceed with the burning process. Simply follow the steps accordingly. Enter the required amount of RLT to burn and confirm the transaction in XUMM. If you do not have RLT, you will need to take an additional step. Go to one of the XRPL DEX (we recommend Magnetic) set trustline and buy RLT tokens. After that, return to xrpltools.pro and complete the burning process.
Once you have the required amount of RLT points, you can go back to the NFT staking section, select the desired collection, and within that collection, select the NFTs you want to stake. Then, all that’s left is to confirm the staking and enjoy daily income.
Important!
If you sell the NFT or create a sale offer, you will be knocked out of the staking.