NFT Staking in The Summit

Per Peak Finance protocols design, $PEAK will only print from The Summit when there is 1.05 $METIS for every 1 $PEAK token in the liquidity pool.

By staking a wrapped Peaking Duck through the NFT Staking interface on The Summit, users can boost their yields according to their collateral input and time-lock applied. The user must also have $PRO staked in the Summit to receive boosted yields.

To ensure the longevity and resilience of the Peak liquidity pools, the following multipliers are available for users at wrapping.

Collateral Input:

• Less than $1000 USD applies a 1.1x trait (10%)

• More than $1000 USD applies a 1.2x trait (20%)

• More than $2000 USD applies a 1.5x trait (50%)

• More than $5000 USD applies a 1.75x trait (75%)

• More than $10000 USD applies a 2x trait (100%)

The user specifies LP time-lock

• A 1-month time lock applies a +1.25x trait (25%)

• A 3-month time lock applies a +1.5x trait (50%)

• A 6-month time lock applies a +1.75x trait (75%)

• A 12-month time lock applies a +2x trait (100%)

Wrapped Peaking Duck staking in The Summit is the only way to boost yields AND gain exposure to multi-rewards organically accrued for liquidity mining distribution, as explained in the next section.

To illustrate, let’s say, as an example, that a staker has 1000 $PRO tokens in The Summit. They stake a Peaking Duck wNFT with a total multiplier of 3.1x. The Summit will recognize the NFT stakers effectively have as 3100 $PRO stake in the Summit, and their share of emissions is adjusted accordingly. Keeping in mind that as more wNFTs enter The Summit, it will become competitive to achieve higher share of emissions.