Utility

spNFT Details

While staked positions under the form of spNFTs have a wide range of use, one of their main initial purposes will be to replace classic yield farming mechanisms by receiving The Pantheon incentives and benefits.

Utility-Based NFTs

From a user standpoint, the mechanics have a lot of similarities with DeFi's regular farms. Once PAN is placed in a staked position and the vePAN is generated, the spNFT is given a score/rating weight based on the amount of PAN that is locked.

Stake your PAN, receive vePAN.

Rewards

The Pantheon incentives take the form of vePAN.

Earning Additional Points

Currently, the only other ways to earn extra weight beyond your base spNFT emission rate is by locking your PAN for extended periods of time.