[ANNOUNCEMENT] — WonderHero Launches NFT Staking on Dec 22!

5 min readDec 22, 2021

Following the official launch of WonderHero Marketplace and Binance NFT Bridge, we are very excited to announce that we are launching the WonderHero NFT Staking Pool where users can stake their WonderBox NFTs and earn $WND!

WonderHero NFT Staking Pool is going live on Dec 22 at 1:00 PM UTC / 9:00 PM GMT +8!

// What is NFT Staking and How Does It Works?

NFT staking refers to the lock-up of NFTs (usually on a platform or protocol) to receive staking rewards and other benefits. This allows NFT holders to earn a passive income and yet maintain ownership of their NFTs.

Although NFT staking may still be in its early stage but they basically work the same way as compared to other DeFi farming concepts. By staking the NFTs, you receive staking rewards according to the APY (annualized yield), staking duration and the number of NFTs staked.

NFTs are unique and can be scarce therefore most users especially investors or collectors will prefer to hold and stake their NFTs since it creates opportunity for them to maximize the value of their NFT assets, which in turn could drive more users to participate and increase the market demand for stakable NFTs.

// Why Stake?

Staking your WonderHero NFTs will have a couple of benefits.

First, by staking your WonderHero NFTs, you will be making the NFT unavailable for purchase, therefore reducing the supply of WonderHero NFTs for sale.

Secondly, you get to earn $WND when you stake your WonderHero NFTs and it even allows you to accrue $WND and claim them as and when you need them.

So, by staking your WonderHero NFTs and earning $WND, you can earn passive income and continue to boost its value!

Don’t have your WonderBox with you? With Binance NFT Bridge, here’s what you can choose to do before you participate in the WonderHero NFT Staking.

Withdraw your WonderBox NFT from Binance NFT platform. Learn more
Deposit your WonderBox NFT from Metamask wallet. Learn more

// How To Stake NFT

Step 1: Visit www.wonderhero.io and go to [Earn] or you can click here

Select [NFT-Stake] and click [Stake/Unstake]

Step 2: In the landing page for [NFT-Stake], select the NFT you wish to stake and click [Stake]

Step 3: You will be redirected to your Metamask wallet to sign and approve in order to connect to your Metamask wallet so click [Sign]

Once signing is approved on Metamask, click [Stake] to proceed with the staking.

Note: For first time staker, you are required to click [Stake] to sign and approve to connect wallet and then click [Stake] again to proceed with the staking.

Step 4: Once the staking request is submitted, you can close the pop-up window and proceed to your wallet to see the stake status under [Transaction]-[NFT-Stake]

Note:

If status showed green tick means staking success
If status showed red cross means staking unsuccessful
If status showed rolling arrow means staking request is still processing so please wait patiently and refresh page for status.

Step 5: Once the stake is successful, under [NFT-Stake] on the main page, you will be able to see the staked NFT and $WND earned during the staking period

// How To Unstake NFT

Step 1: Visit www.wonderhero.io and go to [Earn] or you can click here. Select [NFT-Stake] and click [Stake/Unstake]

Step 2: In the landing page of [NFT-Stake], select [Unstake] and the NFT you wish to unstake and click [Unstake]

Step 3: You will be redirected to your Metamask wallet to sign and approve the unstake so click [Sign] to proceed unstake

Step 4: Once the unstaking request is submitted, you can close the pop-up window and proceed to your wallet to see the unstake status under [Transaction]-[NFT Unstake]

Note: There is a 24-hour cool-down period before you can stake the same NFT again (that means you can stake the same NFT immediately after unstaking it)

// How To Claim NFT Stake Rewards

Step 1: Visit www.wonderhero.io and go to [Earn] or you can click here. Select [NFT-Stake] and click [Claim]

Step 2: You will be redirected to your Metamask wallet to sign and approve the claim so click [Sign] to proceed

Step 4: Once the claim request is successful, you can close the pop-up window and proceed to see the claimed $WND in your Metamask wallet

// About WonderHero

WonderHero is a Play to Earn Mobile RPG game, where gamers can earn rare NFTs (non-fungible token) and sell them on a peer-to-peer marketplace.

The team believes in forming a balanced universe where players of different levels can provide each other income opportunities while having fun at the same time.

WonderHero is led by a stellar team with leadership experience operating in a Top 20 crypto exchange and over 10 years of combined experience in gaming.

Join us on our official channels and stay updated of the news/updates!