Strain NFT is a project for creating yield generating NFTs through staking LP tokens from the STRN/ETH pair on Uniswap. These Strain NFTs are cannabis staked on the ethereum mainnet. They provide high yields for their breeders. Basically, the DeFi staked NFTs generate NFT collectables which are breedable, customizable and upgradable. In a nutshell, Strain NFT is an ethereum blockchain based liquidity mining platform.
The liquidity mining process works as follows. When an individual provides liquidity on Uniswap, he/she collects some UNI-V2 LP tokens. If the person locks these LPs on the Strain NFT platform, he/she engineers some Strain NFTs.
Strain NFTs are marijuana strain characters which exist on the ethereum block chain. An individual can collect, name, breed and sell them to get DeFi staked ERC-1155s. Also, holders of the tokens can vote in the StrainSuperDAO and upgrade the Strains, compounding one’s gains. The various Strains are different based on the rarity of the Vibez and Terpz which determine their appearances and properties. The four Vibez are Ruderalis, Indica, Sativa and Landrace.
On the other hand, the 8 Terpz are Myrcene, Limonene, Linalool, Caryophyllene, Pinene, Humulene, Terpinolene and Ocimene. These determine the nature of the four Strain NFTs namely, Earthy, Starbright, Moonpie and Supernova.
The staking of UNI-V2 LP tokens creates different attributes of Strain NFTs. Thus Vibez and Terpez influence the genetic profiles of the Strain NFTs. As a fact, there are many genetic profiles than any person can imagine.
As we noted earlier on, users should breed their Strain NFTs, which they can sell. One place where individuals can breed them is the Greenhouse. In this platform, a participant uses two different Strain NFTs to create a completely new NFTs with their own genetic attributes. It is also possible for a user to pair the best attributes from the existing Strain NFTs. In order to land some of the rarest attributes, the participants should burn some $STXP.
Like many crypto organisations, Strain NFT forges partnership in order to leverage on the strengths of the other parties.
For instance, Strain NFT entered a partnership with Matic Network, enabling it to establish its DeFi-staked system on its protocol. The advantages of migrating to Matic Network are higher efficiency and lower gas cost. In addition, people can also lock $STXP in the apothecary in order to multiply the rewards.
Above that, the dispensary gives users the chance to buy, sell and rent Strain NFTs. Thus, this facility defines and updates the speculative values of NFTs in real-time.
In order to provide liquidity, an individual contributes to the STRN/ETH pool on Uniswap and locks the LP tokens on the Strain NFT platform. Through staking the LPs, users create Strains. In return, they get more STRN as a reward.
A participant can stake STRN to earn STXP. Interestingly, the STXP is a rare ERC20 element in the Etherverse. Statistically, the protocol will only produce 100 000 STXP. People will stake the STXP tokens for six months only. The STXP token is significant because it is a yield multiplier, meaning that if any individual stakes them, he/she earns a high reward.
The STRN token performs many functions on the Strain Metaverse, including governance, rewards and transactions. For information’s sake, the STRN is an ethereum token.
Total Supply: 10 000 000
In its commitment to the community, Strain NFT airdrops 20% of its tokens through different ways. It plans to have more airdrop and bounty programs.
Strain NFT has several social platforms, through which it shares updates to its members. The participants are also free to give feedback.