Renewing Safebox Keys

Users should renew Safebox keys before they expire. More distant renewal dates require greater staked $FLC amounts.

If the renewal requirement is less than or equal to the current stake, no extra $FLC is needed. If the requirement exceeds the current stake, additional $FLC must be locked during renewal.

Example 1:

Alice originally staked 30,000 $FLC to lock her NFT for 30 days. When she renewed for another 30 days, the requirement was only 24,000 $FLC. Since her stake already exceeded that, no additional $FLC was needed.

Example 2:

Bob originally staked 30,000 $FLC to lock his NFT for 30 days. When he renewed for 60 more days, the requirement increased to 48,000 $FLC. So he had to stake an additional 18,000 $FLC to meet the new requirement.

Example 3:

Carol originally staked 4,000 $FLC to lock her NFT for 5 days. When she renewed for another 5 days, the requirement had increased to 6,000 $FLC due to high demand. She had to add 2,000 $FLC to her stake to meet the new requirement, even though her renewal period was the same.

In summary, users should watch for changing staking requirements when renewing Safebox keys based on the renewal duration and current marketplace demand.