Cronos Ecosystem NFT Boost is coming to VVS!
In this turbulent period, we are stronger as we’re holding each other. After the launch of VVS Staking Utility V2 (i.e. boost farming), we received great support and feedback from all parties, it encourages us to extend the staking utility to more exciting projects on the Cronos Chain.
We are thrilled to announce our new feature — Cronos Ecosystem NFT Boost! By staking specific Cronos NFT(s) to our partner’s farms, this feature provides more rewards and greater utility to the holders of various Cronos NFT collections!
Key notes about Cronos Ecosystem NFT Boost:
- Enjoy higher APRs by staking NFT(s) to the Partner’s farms
- Partner’s farms can only be boosted by their OWN NFT collection
- Max. NFT staking limit (ie. 5 NFTs) for each partner’s farm
- Fixed % of farm boost to each staked NFT (regardless of the NFT’s rarity)
- Max. boost factor may vary depending on the % boost of an NFT (e.g. 10% boosting for an NFT, 50% max. boost for the farm)
- Boosted effect is solely applied to the partner’s token rewards
*xVVS vault deposit is not compulsory for Cronos Ecosystem NFT boost, but if you did, you could boost other available farms, check out VVS Staking Utility V2 for more details!
(for illustrative purposes only)
Argo Finance will be the first to join our Cronos Ecosystem NFT Boost family!
TL;DR:
- ARGO-USDC and bCRO-CRO farm can only be boosted by Argonauts NFT collection
- Can stake up to 5 NFTs to each Argo farm
- Each Argonaut NFT provide 10% farm boost, regardless of the NFT’s rarity
- Max. boost factor for one farm will be 1.5x (50% boost), with 0.1x (10%) boost from each NFT.
- Boosted effect will solely be applied to Argo’s token rewards
ARGO-USDC and bCRO-CRO farms will be available for Cronos Ecosystem NFT Boost. If you’re hodling Argonauts, you can stake maximum 5 Argonauts to each Argo’s farm to boost your LP APRs and earn more partner’s tokens!
To boost your Argo farms, you only need to:
- Stake LP tokens to ARGO-USDC and/or bCRO-CRO farm
- Stake your Argonauts to selected farm(s)
- Enjoy Cronos Ecosystem NFT Boost for more partner’s token rewards
*Remember to unstake your NFT(s) before you withdraw all LP in farm.
(for illustrative purposes only)
There is no limit on how many partner farms users can boost. You can boost as many Cronos Ecosystem NFT farms as you desired (2 farms will be available in the beginning).
VVS will continue to expand the Cronos Ecosystem NFT Boost family for our community. Stay tuned to VVS social media for more good news and exciting announcements!
