CryptoRaggies
  • 👋Welcome to Raggiepedia
  • Overview
    • ⭐What is CryptoRaggies?
    • 💟Vision & Values
    • 👥The Team
    • 🤝Partnership & Collabs
    • 🌳The Ecosystem
      • 😻Raggie NFTs
      • 🙉Plushie NFTs
      • 🪙RaggieCoin ($RAG)
    • 👕Raggie Merchandise
  • Utilities
    • 📈Tokenomics - $RAG
    • 🛍️RagAlley - Marketplace & Auction House
      • How to list my NFT in Marketplace?
      • How to start an On-Chain Auction?
        • How do auctions here work?
        • What are some best auction practices?
      • Need a Customised Marketplace and Auction House solution?
    • 🗺️RaggieWorld
      • Login (Desktop)
      • Login on iOS Safari
      • Install as an App (PWA) on iOS
      • Connect Discord
      • RaggieChat (Messenger)
      • Stash Trade (P2P Trading)
      • Moggie Raids (In-Chat Game)
      • Crafter's Nook (Crafting Platform)
      • Staking
      • Soul Land (Perma-Staking)
      • RaggieStore (Buy & Mint)
      • RaggieShrine (Burn and Raffle)
      • Raggie Rehoming Centre
      • Achievement System
      • Ragsters University
      • Patch Notes
        • 6 Nov 2023 (Latest)
        • 10 Oct 2023
        • 5 Oct 2023
        • 4 Oct 2023
        • 15 Sep 2023
        • 11 Sep 2023
        • 7 Sep 2023
        • 27 Aug 2023
        • 26 Aug 2023
        • 24 Aug 2023
    • 👛RaggiePurrse - Wallet
    • 🎮Gaming
      • 🌌RaggieRun
    • 😸Special Edition Raggies
  • Services
    • 📙Introduction - RaggieMart System
    • 🗃️Marketplace/Auction House Solution
    • 🗃️Minting Solution
    • 🗃️Airdrop Solution
    • 💼Clients / Portfolio
      • Zombie Chains - Hoarder's Collections
      • Inmates
        • The Tech
  • Soul & Soulbound Token (SBT)
    • 📗Introduction - Revolutionising On-Chain Identification
      • Understanding Your Soul: Your Unique Digital Passport
      • Decoding Soulbound Tokens: Entries in Your Diary
      • Discover Your Soul ID: Your Unique Blockchain Nametag
      • How Soul and SBT Technology Benefits the Community
    • ⚙️Developer's Protocol: Souls and Soulbound Tokens
      • Interacting with Souls
      • Implementing Soulbound Tokens (SBTs)
      • Conclusion
    • 📃Whitepaper
      • Understanding Souls and SBTs
      • Technical Overview
      • Conclusion
    • ❓FAQs
  • 🎉Anniversary 2023 (Ended)
    • ℹ️Get Ready!
    • 🔎Wallet Hunt
    • 📌Mint Annie 2023 NFT
    • 🎨Fan Art Competition
    • 🗣️Socialise and Win
    • 🎮MogFight - RaggieRun
      • Prizes, Activities & Rules
      • How to play RaggieRun?
    • 🏪RaggieStore Promotion
    • 🎟️VasilRaggie Raffle
    • ⚔️RaggieChat Raid (RaggieWorld)
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On this page
  • What is Staking?
  • Can I play with my Raggies while they are staked
  • Do I earn XP or $RAG from staking?
  • How often is passive $RAG earning updated?
  • How often can I harvest my accumulated $RAG?
  1. Utilities
  2. RaggieWorld

Staking

First Cardano NFT Game With Staking System

What is Staking?

NFT Staking is a process where the owner of a collection of NFTs delegates these NFTs to a protocol, thereby earning rewards.

Similar to ADA staking on Cardano, CryptoRaggies NFT staking works by blockchain snapshot and only requires proof of ownership at the point of staking, and the point of reward distribution. Therefore you remain in full control of your assets despite them being staked.

However, NFT assets that have left your wallet (i.e, sold or listed on a smart contract marketplace) cannot participate in the staking protocol and hence do not yield any passive rewards.

Staked CryptoRaggies NFTs are the backbone of our Free2Play mechanism. All staked CryptoRaggies NFTs will enter into a common pool, allowing players who do not hold any CryptoRaggies NFTs to use them to enjoy our games with no upfront costs. In return, a small fraction of their in-game score will be credited to the actual owner of the CryptoRaggies NFT used in the game session, increasing the owner's leaderboard standing and XP.

Each staked Raggie - whether being picked in a game session or not - will attract a background passive yield for the owner.

Can I play with my Raggies while they are staked

Absolutely! We run an off-chain staking protocol so your Raggies are never locked inside a smart contract when staked. The mechanism is very similar to delegating your ADA to a stakepool - your ADA remains in your wallet and you can use them as you please, and staked Raggies are exactly the same!

Do I earn XP or $RAG from staking?

You earn both! While passive $RAG earning is guaranteed and follows the distribution as set out by our 2-year vesting schedule, you earn XP only when your staked Raggie has been picked by a F2P player in a game session. You can see and manage both earnings on this page. Passive $RAG yield can be harvested from the "Staking Rewards" panel, while XP earned from F2P players is displayed under "XP From Staking" in the "XP Summary" panel.

How often is passive $RAG earning updated?

We update records of all staked wallets and tally earnings of each wallet every hour. These updates are done using live blockchain snapshots, therefore once you have staked, there is no need to stake again as records will be updated automatically.

How often can I harvest my accumulated $RAG?

You can harvest as often as you like but do note that each harvest transaction requires you to send a 2 ADA payment upfront. The $RAG harvested will return with around 1.2 ADA therefore each harvest transaction would cost you around 0.8 ADA including fees.

PreviousCrafter's Nook (Crafting Platform)NextSoul Land (Perma-Staking)

Last updated 1 year ago

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