FAQs on Ape Staking
General
Q: If my NFT is sold or liquidated while committed to an NFT pool, will I lose all my staked $APE?
A: No, you will not lose your staked $APE. The Pawnfi ApeStaking contract safeguards your assets during NFT ownership changes. If your NFT is purchased, the staked $APE (including reinvested amounts) and unclaimed rewards will first repay any outstanding $APE loan from initiating Ape Staking. The remaining balance is then transferred to your wallet. In the case of liquidation, unclaimed rewards will be taken as penalty and used to cover the gas fee costs on the Auto Compound Bot.
Q: If my NFT is sold or liquidated while committed to a paired NFT pool, will I lose all my staked $APE?
A: No, you won't lose your staked $APE. Please refer to the previous question for more details on how the ApeStaking contract safeguards your assets during NFT ownership changes.
Q: My MAYC/BAYC is staking, can I also stake in pair with BAKC?
A: Of course, you can. Whether you first stake with BAYC/MAYC and then pair it with BAKC, or vice versa, you can perform pair staking operations. (Of course extra $APE is required)
Q: My NFT is in Pawnfi Lending/Consign/Leverage, can I still perform Ape Staking?
A: Yes, you can. You can perform these two operations at the same time without worrying about any loss to your staked NFT or $APE. (When you withdraw NFT from Lending, sell or redeem from Consign, or redeem from Leverage, Pawnfi will automatically terminate staking for you, and transfer the staked $APE and unclaimed rewards according to your reinvestment strategy)
Q: My NFT is in Pawnfi Lending/Consign/Leverage, but was accidentally liquidated, will there be a loss to my deposit principal?
A: No, there won't be any loss. In such a situation, even though your NFT has been liquidated, Pawnfi will still assist you to terminate the staking and retrieve your deposit principal. However, any unclaimed rewards will be taken as penalty and used to cover the gas fee costs on the Auto Compound Bot.
Q: Why didn't I receive $APE in my wallet after I claimed NFT staking rewards/withdrawn NFT staked APE?
A: There may be two reasons:
You have unpaid debts, your rewards and withdrawals will be prioritized for repayment;
You have enabled auto-compound, your rewards and withdrawals will be reinvested in Pawnfi $APE Pool for maximizing returns. If you need to withdraw, you can go to Ape Staking-$APE Pool to operate.
Q: If the current staking return continues to decrease and is lower than my $APE loan interest, will I continuously lose money in staking?
A: To avoid this situation, our bot will periodically scan the account situation. If it finds this possibility, it will automatically terminate staking for you to prevent losses.
Q: Why does an error message pop up preventing me from staking when I borrow $APE for NFT staking?
A: If the current staking return is lower than the loan interest, borrowing for staking will only reduce your staking income, thus staking is prevented.
Q: I am already staking in the official pool, do I need to pause staking first, then come to Pawnfi for staking ?
A: No, you just need to initiate staking normally on Pawnfi, which can seamlessly migrate.
Service Fee
Q: Are there any fees associated with using Pawnfi's Ape Staking service?
A: Each time a reinvestment is triggered (reinvesting unclaimed rewards into the Pawnfi $APE Pool), a 1.5% Reinvestment Reserve fee is applied to cover the gas costs associated with the auto-compounding process.
Gas Cost
Q: Who covers the gas fees for the reinvestment process?
A: Users are responsible for covering gas fees when staking and withdrawing from Pawnfi Ape Staking. However, the regular auto-compounding gas fees are taken care of by the Pawnfi Treasury, ensuring a seamless experience for users without the need to worry about these additional costs.
Last updated
Was this helpful?