Our unique NFTs are a set of 5 different types of NFTs that are the master keys of the ecosystem.
They unlock exclusive benefits. These are:
- Reduced spread when trading: -15% (Bronze), -20% (Silver), -25% (Gold), -30% (Platinum), and -35% (Diamond). You simply need to hold the NFT in your trading wallet.
- Run a bot to get rewards from executing liquidations and limit orders. All NFTs can execute equally in this regard. Instructions to set-up and run the bot are here.
- Boost your Single Sided Staking (SSS) rewards by staking up to 3 NFTs. The boosts are 2% (Bronze), 3% (Silver), 5% (Gold), 8% (Platinum), and 13% (Diamond). Please refer to th GNS Token: SSS for further information on this.
- Other use cases can be revealed as the ecosystem expands.
There are only 1500 NFTs in total which are divided into the following categories:
Whenever using OpenSea to buy any NFT, ensure you verify that you are buying a legitimate one by checking the contract addresses against the ones in the Contract Addresses. There are people out there who create similarly named NFTs to trick you into buying ones which are not worth anything - you should always use the contract to confirm. The NFTs were generated when the platform was named GFARM2. The only legitimate NFTs have the names are linked above and have names which correspond to the numbers in the above table:
- GFARM2 NFT 1
- GFARM2 NFT 2
- GFARM2 NFT 3
- GFARM2 NFT 4
- GFARM2 NFT 5
Our NFTs offer increasing levels of boost to $GNS Single Sided Staking.
Without an NFT, the APR (or the APY if compounding daily) you see displayed on the staking page will be the average APR you receive based on the previous week of rewards. With an NFT, you get a bigger share of rewards with the same capital. You can stake up to 3 NFTs for increasing boost. For instance, if you have 1 Diamond NFT, 1 Platinum NFT, and 1 Silver NFT your total boost would be 13+8+3=24%, and you would thus get 24% more reward to the displayed APR.
All NFTs were claimed by liquidity providers who supplied at least 1% of the total liquidity. They were rewarded with NFT credits (not ERC20 token) which allowed the minting of these NFTs.
The diamond NFTs required the most amount of credits, and bronze NFTs the least.
These do not offer the above benefits, they have an entirely separate use - to represent positions of locked gDAI within the vault. Learn more on the gDAI Vault page.