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Farm (Staking)

Introduction to staking

Staking is a way to earn passive income in the crypto world without having to sell your NFTs. Depositing your NFTs into the staking farm will generate income in $PALM, which is the native token of Palm Island's ecosystem.

Farm Information

$PALM staking pool supply: 13,150,000
Minimum staking period: None
Maximum staking period: 8 Months
Unstaking fee: 0

Rarity reward rates

Each of the 4 rarities generate different amount of $PALM per second, below are the rates:
Rarity
$PALM per second
$PALM per day
Common
0.000240
20.736
Rare
0.0007379
63.7549
Super Rare
0.002666
230.3424
Legendary
0.0156
1,347.84

How to farm

Step 1: Connect Wallet
Connect your wallet
Step 2: Initiate farming account
This is used to create an account and store all the data associated with your Bahrainees.
Step 3: Deposit NFTs
Select the Bahrainees that you would like to stake > click deposit > a transaction will pop charging an account creation fee (this payment is to fund and create the account for your Bahrainees on the farm, this amount will be refunded when you unstake your Bahrainees).
Step 4: Start Farming
Click the Start Farming button and approve.
Step 5: Harvest $PALM
That's it your done! Now its time to harvest and collect that $PALM.
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On this page
Introduction to staking
Farm Information
Rarity reward rates
How to farm