Humswap is launching its NFT staking feature, planned to go live at 2:30 a.m. (UTC) on May 19, 2022. Staking will be available for the BOWL collection, with plans to enable this functionality for the Ants and Tiger NFT collections. Other non-Humswap projects could also be added in the future.
Humswap is a DeFi platform built on Neo N3 that aims to offer liquidity pools for various tokens, a marketplace for NFTs, token swapping, and games.
When staking a BOWL NFT, users will receive HUMS NEP-17 token rewards. HUMS is the platform’s utility token, which can be used to acquire future NFTs. It will also be used in an upcoming game, resulting from a partnership with DogeRift. When unstaking BOWLs, there will be no lock-up period allowing users to move or trade the NFT immediately.
The full announcement can be found at the link below:
https://discord.com/channels/884961438156877834/884961440144965634/971296178899681360
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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