NFT staking is a new way to earn passive income in the crypto world. It lets NFT holders lock their assets in Defi platforms to receive rewards. All without the need to sell their NFT collections. Now, Hero Arena is releasing NFT staking for all users who own Heroes. This is a new opportunity to earn more Hera with other users who don’t want to play games and gamers. In this post, we will show you how to stake NFT on Hero Arena Marketplace, let’s read it right now.

1. Staking NFT 

1.1 Staking feature in Hero Arena 

Staking NFT is a feature that allows users stake NFT (Hero) to receive rewards, in this case, this is Hera.

Campaign staking the event will happen at a certain time and users can receive a reward every second (reward per second).

Each different rarity of NFT will receive a different reward per second.

1.2  Staking condition:

Only stake NFTs that are owned by the users and are not for sale.

1.3 Note

• NFTs that have taken stakes cannot be used to put on sale, transfer, buy and sell at the marketplace or use in the game.
• Just Hero Arena collections can stake NFT on Hero Arena Marketplace now.
• After unstaking, the User can use NFT normally.

2. How to stake NFT in Hero Arena Marketplace?

Stake NFT on Hero Arena Marketplace: https://defi.heroarena.app/

In the filter, the User can filter NFTs by each race and by each Rarity of the NFT to find the desired NFTs for Staking.

Watch the video to learn how to stake NFT

1.4  The benefit of staking NFT

1. Easy to earn passive $Hera.

2. Low entry fees.

3. Very simple to get started.

3. Unstake NFT 

If you are staking Heroes NFT that you are using to play game. You should not unstake, please wait for our official announcement about this. Otherwise you will lose hero’s level.

The users can unstake to get Hera every time after staking successfully. 

Watch the video to learn how to unstake NFT

2.1 Staking NFT reward formula:

The reward is increased every second (reward per second).

Each rarity will have a different reward per second ratio (common, rare, elite, legendary, immortal).

Reward user received = reward per second in rarity x time user staked (in seconds).

Unstake fee = 2% / Hera reward.

When users unstake, users will receive NFT and Hera (after deducting a 2% fee).

Example:

If you have 1 common Heroes and stake it on 10 hours: 

1 common = 0,0000002 x 1 x (10*3600) = 0,0072

About Hero Arena

Hero Arena is a Metaverse RPG Game built on blockchain technology. We have inspiration from the Dota2 Game. It is a futuristic world with 5 different factions, each with its own strengths and weaknesses. Players can recruit heroes which then can be used to progress in the campaign mode and fight against the enemies. In combat, arena players can earn profit from their enemies.