Drift NFTs
Drift NFTs are Origin NFTs that go through Transformation. Drift NFTs have a chance to produce an increased amount of rewards, versus the Origin NFTs, when staked for 90 days, and then the NFT expires, transforming into ThorFi Keycards. Drift NFTs still include both a Thor and an Odin tier NFT under the Drift node umbrella. Both are required to go through a Drift Burn to acquire Drift Burn Capsules.
At the time of transformation, a number of changes occur;
NFT Multiplier is applied via Chainlink VRF
Multipliers may be 3x, 4.5x, 6x, 9x, 15x, 30x, 100x
The number of NFTs transformed affects the multiplier
Increase your odds for a better multiplier by transforming 5 NFTs at once, and even more by transforming 10 nodes at once
1 NFT transformed gives a 6x average
5 NFTs transformed gives a 7x average
10 NFTs transformed gives an 8x average
NFT Multiplier Chance
NFTs | 1 NFTs | 5 NFTs | 10 NFTs |
---|---|---|---|
Multiplier | |||
3x | 15.5% | 3% | 11% |
4.5x | 34% | 46% | 15% |
6x | 36% | 17% | 31.6% |
9x | 9% | 25.9% | 29.9% |
15x | 4.9% | 7% | 11% |
30x | 0.40% | 0.90% | 1% |
100x | 0.20% | 0.20% | 0.5% |
The Drift Reward Rate (DRR) is locked in at the time of minting based on the current VRR and your NFT multiplier
The Drift NFT is minted in a deactivated state
The NFT must be staked to collect rewards and begin the 90-day timer
Rewards can be claimed once every 30 days
Ex: If someone claims on day 40, they will receive rewards for the first 30 days, and the additional 10 days remain on the contract until they are accessible on day 60, and then the remainder again on day 90.
If you claim prior to 90 days, your reward structure will be reduced; see below chart.
Day Count | Daily Rewards |
---|---|
30 - 59 | 90% of determined reward rate |
60 - 89 | 80% of determined reward rate |
90 | Rewards end - 100% determined reward rate available |
If you do claim before the full 90 days, your determined reward rate is reduced by the above amount (10-20%). If you wait until the 90 days end to claim, you will receive the full amount.
You can convert Origin NFTs by using the transform function in the Marketplace
You can purchase Drift NFTs on the secondary market
Drift NFTs cannot be compounded
The Drift Thor & Odin NFTs have a number of direct actions able to be taken, found below;
Drift BurnHoldAfter the above direct actions are taken, there are available subsequent actions;
FusionOpen A CapsuleLast updated