Description
NFT Staking Lab, developed by EverRise, is a staking protocol that secures staking contracts within on-chain NFTs stored directly in a user's DeFi wallet. Users stake RISE tokens for periods ranging from 1 to 12 months, as well as extended 24 and 36 month terms, earning rewards proportional to the amount staked and weighted by staking duration. Rewards are distributed as claimRISE tokens from an automated buyback protocol and can be withdrawn at any time without penalty, while early withdrawal of principal staked amounts incurs penalties (25% in the first half of the staking period, 10% in the second half, on up to 60% of the principal). The resulting NFT Stakes are tradable on NFT marketplaces, transferable wallet-to-wallet, and bridgeable across BNB Chain, Ethereum, Polygon, Fantom, and Avalanche. Stakers can also earn additional Achievement NFTs (up to 840) for completing staking periods. The platform primarily serves RISE token holders and DeFi/NFT users seeking flexible, cross-chain staking with tradable staking positions.