> For the complete documentation index, see [llms.txt](https://oxyfi.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://oxyfi.gitbook.io/whitepaper/nfts-incentives.md).

# NFTs Incentives

* We are the first DeFi protocol to empower its holders to boost their yield and benefits through ownership of **"Rewards Upgradable NFTs"** within the same DeFi ecosystem. <br>
* Each NFT has a level. Holders can use their $OXY to level up their NFTs to increase their benefits.

## **Benefits of Oxy-Fi NFTs**

There are three types of Oxy-Fi NFTs, each of which allows holders to boost their returns in a variety of ways. The proceeds and profits from NFT sales are reinvested into the treasury and rewards pool, further improving the sustainability of the ecosystem.

![](https://1197238067-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXbKDV5yqcoCFVfpP9I11%2Fuploads%2FtxoZTerMofCsHyNIddbA%2FNFT%20RARITY.png?alt=media\&token=4beb6c5c-123d-44d0-83c5-ca9a66a44616)

## Level up your NFTs to Increase Rewards

> **\~Note that the following values are not absolute. Exact values will be announced soon.**

* The base-level benefits of the Oxy-Fi NFTs (detailed in the table above) can be further improved by upgrading the NFTs. Holders can level up their NFTs by spending $OXY - which will be reinvested into the protocol to bolster sustainability and longevity. <br>
* Base level NFTs will have 2.5% rewards. Upgrading your Oxy-Fi NFT from level 1 to level 2 will cost 1 $OXY, and will boost the benefit by 2.5%. Upgrading your Oxy-Fi NFT from level 2 to level 3 will cost 2 $OXY and will boost the benefit by another 2.5%. Upgrading from level 3 to level 4 will cost 4 $OXY and will boost the benefit by another 2.5%. **NFTs can be leveled up INFINITELY.** The cost of an upgrade will always be double the cost of the previous upgrade, and will always boost the benefit by an additional 2.5%. <br>
* The table below shows the relevant benefits for each NFT for the first 4 levels.

![](https://1197238067-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXbKDV5yqcoCFVfpP9I11%2Fuploads%2FbSELseHdpz4rWnSipXAk%2F3.png?alt=media\&token=0d6d7a38-1699-4d10-a6f4-d10f98bb7984)

\~The benefit percentages detailed above are for not yet confirmed, and are example incentive amounts to demonstrate how Oxy-Fi NFT upgrades function. The actual benefit percentage will be announced soon.

> **There is a distinction between an NFT’s rarity and level. The rarity determines the type of benefit the node enjoys, whilst the level determines the amount of benefit the node enjoys.**