Infinity Pool
DRF Staking Membership
Last updated
DRF Staking Membership
Last updated
The DRIFE Staking Membership program offers DRF (DRIFE Reward Framework) token holders the opportunity to participate in an ongoing and dynamic pool of rewards and benefits, known as the Infinity Pool.
Tiered Memberships: The program offers three tiers of membership, allowing DRF holders to choose the pool size and staking amount that suits their preferences.
Tier Benefits: Members receive rewards and benefits based on their chosen tier, with higher tiers offering greater rewards and privileges.
DRF Staking: Members stake their DRF tokens to participate in the program, selecting the city for which they wish to receive rewards.
RIDE Rewards: Rewards are distributed in the form of RIDE value, generated based on the profitability of DRIFE operations in the previous month.
City Selection: Members can choose the city for which they want to receive rewards, allowing them to optimize rewards based on their preferences and confidence in specific locations.
Monthly Membership Fee: A 1% token stake per month is deducted as a membership fee, enabling members to access the benefits of the program.
Renewal Fee: Members have the option to extend their staking period beyond one year, with a renewal fee applicable for subsequent years.
Penalty for Unstaking: Unstaking DRF tokens incurs a penalty, with penalties collected used to burn DRF tokens, enhancing scarcity and value.
CitySpecific Rewards: Members receive reward vouchers for the city they choose, allowing them to access rewards specific to that location.
Marketplace Access: Vouchers can be sold in the secondary market or used in personal or commercial marketplaces, providing flexibility in utilization.
The DRIFE Staking Membership program, with its Infinity Pool, offers DRF token holders the opportunity to actively participate in and benefit from the real-world operations of DRIFE across different cities worldwide. By staking DRF tokens and choosing their preferred city for rewards, members can access rewards, privileges, and incentives tailored to their preferences, contributing to the growth and sustainability of the DRIFE ecosystem.
