Important Updates on NFT Staking V2.1 | 18 July

Dear beloved Pandorans,

The PandoTeam will soon be implementing some upgrades to the NFT Staking smart contracts in an effort to improve this feature’s security and efficiency.

As a result, NFT Staking V2.0 will no longer be supported on pandora.digital and your V2.0 Mining Rewards will be reset to 0 as of 11:30 AM UTC today, 18 July 2022.

We kindly ask everyone whose NFTs are being staked in V2.0 to unstake them all as of 11:30 AM UTC today, 18 July 2022, then restake them in V2.1 to continue reaping the staking rewards.

Acknowledging the gas fees that you have to bear upon unstaking/restaking your NFTs, the PandoTeam will be topping up the daily staking rewards FOR TODAY (18 July 2022) with $2000 more BUSD and hoping that this effort will be able to compensate for all the inconvenience caused by these smart contract upgrades. Please unstake your NFTs from V2.0 and restake them in V2.1 when possible to take advantage of this top-up.

NFT Staking V2.1 will begin distributing rewards as of 12:00 PM UTC today, 18 July 2022.

Rest assured that those who have experienced reward loss issues as a result of our recent NFT Staking smart contract upgrades (1st upgrade: Thursday, 14 July 2022 & 2nd upgrade: Monday, 18 July 2022) will be entitled to receive an individual refund plus a bonus from Pandora.

How to claim a refund?

As of today, 18 July 2022 at 11:30 AM UTC, you can check how much your refund is worth on our official Dapp pandora.digital.

Click the question mark to see the detailed breakdown of your refund:

As of 20 July 2022 at 8:00 AM UTC, you can claim back your refund on the NFT Staking page.

What is included in an individual refund?

  • Individual refund = Staking Rewards V1 + Staking Rewards V2 + Bonus
  • Staking Rewards V1 represents a full refund for your unclaimed staking rewards in V1.0 if any. Note: The refund amount is equal to the amount of unclaimed rewards available on your account as at Pandora’s snapshot time (14 July 2022 11:42:00 UTC).
  • Staking Rewards V2 represents a full refund for your unclaimed staking rewards in V2.0 if any. Note: The refund amount is equal to the amount of unclaimed rewards available on your account as at Pandora’s snapshot time (18 July 2022 8:30:46 UTC).
  • Bonus represents an extra amount of incentive given to you to make up for the staking rewards you were previously unable to earn due to the temporary pause in the distribution of staking rewards (the “Temporary Pause”) as a result of the V1.0 smart contract upgrade process. Note: The amount of bonus is calculated for the period of the Temporary Pause (the “Temporary Pause Period”) and based on your mine power in NFT Staking V1.0 as at Pandora’s snapshot time (14 July 2022 at 11:00:00 UTC)(the “Individual Mine Power”).

Bonus Calculation Formula:

(Individual Mine Power/DroidBot Pool’s Total Mine Power) * (Temporary Pause Period/24) * 6000

  • The Temporary Pause Period is calculated from the termination of distribution of V1.0 staking rewards (14 July 2022 at 13:59:33 UTC) until the beginning of distribution of V2.0 staking rewards (15 July 2022 at 8:30:46 UTC). As such, the Temporary Pause Period is 19.5202777778 hours.
  • 6000 is the assumed 24-hour staking rewards in BUSD as determined by the PandoTeam at its sole discretion.

Final words…

Please understand these upgrades are essential in ensuring that we can provide the best service possible and keep improving on quality.

We apologize for any inconvenience and thank you for your patience and understanding.

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