in

NFT REVIEW GAMING DeFi Land (DFL) Single Sided Staking


DFL Bank teaser

TL;DR:

We are in an exciting growth phase where our team is consistently delivering new features that will shape the future of DeFi Land. We recently completed our Genesis NFT launch along with a preview of the Play-To-Earn features that will be enabled by owning at least one core NFT. We revealed the first use-case for the $DFL token, the first in-game collectibles and utility NFTs, and the steps we are taking to build upon our addicting gaming experience. In just 3 days, we have burned 2,000,000+ $DFL tokens.

Today, we have the pleasure of discussing an important feature that will reward our community and provide another powerful use-case for the $DFL token: Single-Sided Staking. This highly anticipated feature offers DeFi Landers the opportunity to support the project while collecting some sweet APY on their $DFL holdings. The staking platform is built in DeFi Land and is so much more than an ordinary staking platform. We can’t wait for you to see what we built!

What is DeFi Land Staking?

The word “staking” can take on several meanings in the world of DeFi. Staking in DeFi Land means you are locking your tokens for a fixed or flexible amount of time in return for a yield paid back to you. A flexible staking protocol allows you to collect yield with the freedom to withdraw your tokens whenever you wish. A locked staking protocol allows you to benefit from higher returns by committing to a specific time, during which you are unable to withdraw your tokens. In both cases, you are staking your tokens in return for yield paid in $DFL that you can withdraw.

At DeFi Land, we are motivated to create the best DeFi experience possible for new and experienced crypto users. Staking will not only be available through our game beta, but also we have shipped a dedicated website for it.

DFL single sided staking website user interface

We built our staking experience to be inviting and informative. You can easily track APY, browse statistics about the staking pool, and initiate new positions. And it’s all wrapped into a user interface (UI) that captures the essence of DeFi Land. When you log into the game, you will notice the addition of a bank to your village. Clicking on the bank reveals the clean and user-friendly staking UI:

DFL Staking User Interface

You can see in the pictures above that you can choose between flexible and locked staking options. This allows us to reward our community members who lock their tokens for a longer time period, similar to how a 30-year bond pays higher yearly returns than a 10-year bond. Our staking protocol is outlined below:

DFL Staking weight calculation formula

Are there additional rewards?

As we push toward our future in Play-To-Earn, it only makes sense to us that we empower our stakers with tools to succeed in the game. In addition to yields paid out through staking, our long-term stakers will receive free NFT rewards and be first in line for other major releases (land sales, in-game resources, access to new features, and NFT drops). We welcome our stakers as members of our community and a key part of building a great game.

What’s in the Vault?

You might remember how our secret spot outside the village took you to a preview of our first-person mode. To build upon the already slick staking UI, our team built a dazzling first-person staking vault where you can track your yields. Entering the vault has a cinematic feel, kind of like you’re in a James Bond film. At the center of the room is a display of your $DFL staking position, with your rewards ticking up in real-time. Our users who enjoy tending to their yield farms are going to love watching their staking rewards grow in the vault. This fun update is coming soon and showcases the beautiful graphics that will be used in our Adventure Mode starting in Q2 of this year. For now, here’s a first-look at The Staking Vault:

The Staking Vault is a first-person experience where you can check your staking rewards.

We have a long-term horizon for this project, as we continue to build toward our ongoing ambition to gamify everything in the DeFi space. Staking offers DeFi Landers who share our vision the opportunity to join us on the path forward.

We have a supportive community in Discord, where you can join our Weekly Farmers Townhalls every Friday at 3 PM UTC. Feel free to join us if you have any questions or are excited to become a DeFi Lander, yourself.

Expect lots of different giveaways so don’t forget to join our communities and become part of our family!





Source link

If this article, video or photo intrigues any copyright, please indicate it to the author’s email or in the comment box.

What do you think?

26 NFT Points
Upvote Downvote

Written by NFT REVIEW MARKET

I am the curator of the NFT Review Market News. If the document or content infringes any copyright, please point it out in comments and it will be promptly removed. To all the articles we include the link of the Resource that appears as Source Link If this article, video or photo intrigues any copyright, please indicate it to the author's email or in the comment box.

Comments

Leave a Reply

Your email address will not be published.

NFT REVIEW Let’s head to Europe for this F1® Delta Time Grand Prix™!

NFT REVIEW ‘NFTs Elevate Digital Art to the Same Status as Paintings’