Top notch virtual world, The Sandbox, has announced a major upgrade to its Polygon staking mechanism. As of now, users can stake mSAND (SAND on the Polygon Network) directly on the platform.
The Sandbox introduced Polygon staking back in December, allowing users to earn yield via mSAND–Matic pairs. Now however, the new upgrade allows them to get stuck in and stake the mSAND directly, all the while enjoying cutting edge gasless transactions thanks to the pioneering efforts of Biconomy.
To get the ball rolling, users must first get their SAND onto Polygon. For this, The Sandbox has built a handy bridge that sits neatly in the interface. However, a quick log on is required for it to present itself. Once the funds are in place, a simple staking procedure will get that mSAND earning some lovely yield.
We are introducing a new staking mechanism that works ONLY with $SAND…
Read more 👇https://t.co/HXovJUuN5W
— The Sandbox (@TheSandboxGame) February 11, 2022
For the first 28 days, The Sandbox will distribute 500k SAND per week as staking rewards, including a mechanism that allows stakers to claim rewards once every seven days. Following this “honeymoon” period, the distribution will fall in line with the rest of the platform.
Going forward, The Sandbox will continue to support direct staking and mSAND-MATIC pairs on the Polygon network. However, it will discontinue SAND-ETH staking on Ethereum at the end of February.
All in all, a simple and painless way to squeeze a little more out of the mighty SAND utility token. Keep tabs on The Sandbox Twitter feed for news of further staking updates.
Stake mSAND on Polygon >> Here
Learn more about Sandbox staking >> Here
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