> For the complete documentation index, see [llms.txt](https://futurespl.gitbook.io/future/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://futurespl.gitbook.io/future/our-history/hybrid-defi.md).

# Hybrid Defi

## <mark style="color:orange;">Hybrid Defi aka SPL404</mark>&#x20;

FutureDAO is all about Future Technology, and there is no better way to align the Future Protocol and our Token Migration Champions than with SPL404.

* Swap FUTURE for NFTs
* Stake NFTs for Rewards
* 3 Day Warm-up and cool-down periods
* 30-Day Token Vesting

<figure><img src="https://1641349235-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FS8jyrzUGAdV2qXriCB3f%2Fuploads%2F0J7cfjpp78NdJ2L1rvBO%2FHybrid%20Defi%20(1).png?alt=media&amp;token=e9c76c1b-ca2a-43db-80fe-253d64a234cb" alt=""><figcaption></figcaption></figure>

### How it works:

1. [Swap $FUTURE](https://swap.futureprotocol.io/) for NFTs.

<figure><img src="https://1641349235-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FS8jyrzUGAdV2qXriCB3f%2Fuploads%2FF2MTF8WBL1hD0g17Oh3F%2FScreenshot%202024-06-19%20at%209.46.38%E2%80%AFAM.png?alt=media&amp;token=efe073ff-1b85-4da3-8734-1d6a78ca64d9" alt="" width="375"><figcaption><p>100,000 FUTURE per NFT </p></figcaption></figure>

2. [Stake NFTs](https://stake.futureprotocol.io/) to earn Token Migration rewards.

<figure><img src="https://1641349235-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FS8jyrzUGAdV2qXriCB3f%2Fuploads%2FNUwdzY7rattpt5VMKMKe%2FScreenshot%202024-06-19%20at%209.47.49%E2%80%AFAM.png?alt=media&amp;token=58a44a3e-5180-4128-82ec-265df24eeabd" alt="" width="563"><figcaption></figcaption></figure>

3. The more NFTs you stake, the more you earn.

Token Migration rewards are released via the NFT Portal. They are released linearly over 30 days to align with the projects that use our tools. The rewards are split proportionally.

e.g.&#x20;

* 3 Million Tokens Rewarded over 30 Days
* 10,000 Tokens Per Day rewarded to NFT stakers
  * 100 NFTs on Day 1 = 100 Tokens claimable per NFT
  * 200 NFTs on Day 5 = 50 Tokens claimable per NFT&#x20;

{% hint style="info" %}
*There is a 3-day warm-up and cool-down period. You will not earn protocol rewards if your NFTs are in either of these periods.*&#x20;
{% endhint %}

*See* [Token Migrator](/future/our-history/token-migrator.md) *to learn about rewards emissions*