Annual Percentage Rate
APR, or annual percentage rate, is the percentage yield you can earn from an NFT based on time. For example if an NFT has an APR of 80% and you stake VOID to it for 365 days, you will receive 80% of your initial investment up front in VOID and be able to claim back the initial VOID investment after 365 days.
- Crypto Kev Stakes a DappRadar NFT for a full 365 days at an 80% APR. Kev stakes 100,000 VOID tokens to the NFT and receives 80,000 tokens as a reward payment instantly. After the 365 days are up Kev goes back to Whenstaking.com and reclaims the NFT and his 100,000 initial VOID investment.
- Strict9 stakes a HodlGod NFT for 1 day at a 60% APR. Strict stakes 100,000 VOID tokens to the NFT and receives 164.38 VOID tokens, as this is 1/365 of the annual 60,000 yield amount.