A few months ago, Nuklai chose Brillion’s smooth wallet experience for its vibrant data ecosystem. Today we’re taking our partnership a step further: on May 2, 2024 $DUA token holders will be able to earn Nuklai’s $NAI as a staking reward!
All you’ll have to do is go to Brillion’s official DeFi Terminal and stake $DUA to receive $NAI tokens that will allow you to participate in both ecosystems. It’s a great way to get the most of the value created by Brillion and Nuklai.
If you don’t own any $DUA yet, check out this guide on how to fund your Brillion wallet with its native token on Uniswap, Coinstore or MEXC. And if you’re unsure how to stake on the DeFi Terminal, here’s a quick guide for that.
What Can $DUA Stakers Expect?
Staking rewards for $DUA on DeFi Terminal will be exclusively in $NAI and will vary depending on the lock period you choose. The longer the lock period, the higher the APY in $NAI.
May 2, 2024 is the starting date for reward distributions in each lock period. This means that if $DUA Staker A starts a 12-month lock in on May 2, 2024 and Staker B starts a 12-month lock in on May 1, 2025, Staker A will receive rewards during the full 12-month period while Staker B will only receive rewards for one day.
Likewise, there will be a limit to the total amount of staked $DUA by all participants that will be eligible for rewards according to each lock period for. There will also be a fixed amount of $NAI that will be distributed towards each lock period. Nuklai has allocated a total of 10,000,000 $NAI for $DUA stakers.
Refer to the following table to understand which lock period suits you:
Please note: If a user withdraws funds before the lock period there is a 10% penalty on their stake plus accumulated rewards. That means that if you stake 100 tokens and have 25 reward tokens after 3 months, but you want to exit despite a lock period of 6 months you get 112.5 tokens in return (i.e. 100 + 25 = 125–10% = 112.5 tokens).
How Do I Stake On The Brillion DeFi Terminal?
Here’s quick walkthrough we created on how you can put your $DUA to good use in the Brillion DeFi Terminal:
What’s So Interesting About Nuklai?
Nuklai is where web3 meets AI. Its collaborative data marketplace brings together the power of community-driven data analysis with the datasets of some of the most successful modern businesses. The marketplace allows both grassroots data enthusiasts and institutional partners to find new revenue streams with untapped data that can be used for training the next generation of LLMs and AI.
The project recently launched its $NAI token in a successful Token Generation Event and the Brillion community couldn’t be more excited about its value proposition. $NAI will be used as the main currency on Nuklai’s marketplace used to pay for distributed compute power, transaction fees, and staked to run operating validator nodes.
What Does Brillion Bring to the Table?
Brillion interacts with the infrastructure Nuklai is building in a way that seems familiar and seamless. This will make it easier for users to find new ways to monetize and get rewarded for contributing to its data ecosystem.
In Nuklai’s words:
“Safe to say, we’re excited to tap into the user experience and the wallet infrastructure of Brillion which both users and institutional partners already clearly see a lot of potential in. By choosing Brillion as our wallet partner, our users will be able to get access to wallet features such as account/asset recovery, social/biometric login, as well as adjustment of spending rules, when setting up their Nuklai account.”
Make the most out of this partnership. Stake $DUA, receive $NAI, and begin participating in the future of data marketplaces for LLM and AI training as a Brillion user. Start getting familiar with DeFi Terminal now and stake your $DUA on May 2nd!
Follow Nuklai on X or Telegram. You can also follow Brillion on X or Telegram for the latest updates on future partnerships and opportunities.
