LAVA Bank - Revision history

Coxsurf at 20:34, 14 June 2023

2023-06-14T20:34:11Z

← Older revision		Revision as of 20:34, 14 June 2023
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	*Auto compounding will add the rewards to the total staked amount resulting in more rewards over time.		*Auto compounding will add the rewards to the total staked amount resulting in more rewards over time.



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	‘The Virgin of the Hearth’		‘The Virgin of the Hearth’

	The Vulcan state pays out extra rewards for any LAVA ledger stake.		The Vulcan state pays out extra rewards for any LAVA ledger stake.

	[[Category:Tokens]]		[[Category:Tokens]]
	[[Category: VulcanVerse]]		[[Category: VulcanVerse]]

Neswulf: Minor changes

2022-11-15T11:08:06Z

Minor changes

← Older revision		Revision as of 11:08, 15 November 2022
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	[[File:Lavabank_location.jpg\|right\|thumb\|300px\|Location of the LAVA Bank in Vulcan City]]The Vulcan City LAVA Bank is the first and at present, only bank within VulcanVerse, Vulcan Forged's blockchain MMORPG. Seated in the Vulcan City LAVA Bank is the Governor, a Kobaloi [[NPC]] by the name of '''Robafella'''. VulcanVerse lore tells us that others call Robafella 'the Gobernator' and that Robafella began his career as a thieving Kobaloi in the Mountains of Boreas quadrant of VulcanVerse, where he hit on the idea of lending his stolen money to other Kobaloi and charging interest on it.		[[File:Lavabank_location.jpg\|right\|thumb\|300px\|Location of the LAVA Bank in Vulcan City]]The Vulcan City LAVA Bank is the first and at present, only bank within VulcanVerse, Vulcan Forged's blockchain MMORPG. Seated in the Vulcan City LAVA Bank is the Governor, a Kobaloi [[NPC]] by the name of '''Robafella'''. VulcanVerse lore tells us that others call Robafella 'the Gobernator' and that Robafella began his career as a thieving Kobaloi in the Mountains of Boreas quadrant of VulcanVerse, where he hit on the idea of lending his stolen money to other Kobaloi and charging interest on it.

	Over time his 'Bank of ‘Goblin’ it All Up’ did so well he expanded into Vulcan City itself. Realising he needed a more respectable name that non-Kobaloi could trust, he renamed it the 'Bank of Vulcan City', and took out some insurance with the Temple of Poseidon so he could officially call it a PLC(1).		Over time, his 'Bank of ‘Goblin’ it All Up’ did so well he expanded into Vulcan City itself. Realising he needed a more respectable name that non-Kobaloi could trust, he renamed it the 'Bank of Vulcan City', and took out some insurance with the Temple of Poseidon so he could officially call it a PLC(1).
	[[File:Lavabank6.png\|none\|thumb\|600x600px]]		[[File:Lavabank6.png\|none\|thumb\|600x600px]]

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	==What is Cold LAVA?==		==What is Cold LAVA?==
	The Vulcan bank will use your ‘cold LAVA’ stored on My Forge. You can check your cold LAVA holdings ~~on this page on~~ My Forge~~. Make~~ sure ~~you~~ have enough funds available before ~~you stake~~ LAVA in the Vulcan bank.		The Vulcan bank will use your ‘cold LAVA’ stored on My Forge. Cold LAVA is an off-chain version of LAVA. You can check your cold LAVA holdings in My Forge - users should make sure they have enough funds available before staking LAVA in the Vulcan bank.
	[[File:Earning.jpg\|none\|thumb\|600x600px]]		[[File:Earning.jpg\|none\|thumb\|600x600px]]



	PYR and LAVA (also known as hot ~~Lava~~) are the primary tokens used within the Vulcan ecosystem. LAVA is ~~being used as a~~ play-to-earn gaming token and powers the Elysium blockchain. All the LAVA you earn playing the Vulcan games is cold LAVA. If you stake PYR, you will also receive cold LAVA. The Vulcan bank will only allow cold LAVA to be staked, as this is the in-game currency.		PYR and LAVA (also known as hot LAVA, see cold LAVA above) are the primary blockchain tokens used within the Vulcan ecosystem. LAVA is the play-to-earn gaming token and powers the Elysium blockchain. All the LAVA you earn playing the Vulcan Forged ecosystem games is cold LAVA. If you stake PYR, you will also receive cold LAVA. The Vulcan bank will only allow cold LAVA to be staked, as this is the in-game currency.

	To summarize:		To summarize:
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	[[File:Lavabank8.jpg\|none\|thumb\|600x600px]]		[[File:Lavabank8.jpg\|none\|thumb\|600x600px]]

	The minimum amount of cold LAVA = 100 for each lock.		The minimum amount of cold LAVA is 100 for each lock.

	The maximum amount of locks for each Vulcan Ledger is 5.		The maximum amount of locks for each Vulcan Ledger is 5.
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	Be careful when staking multiple plans, as '''you can only use 5 slots'''.		Be careful when staking multiple plans, as '''you can only use 5 slots'''.

	Interest will be paid out weekly. ~~If you choose~~ the Flexible Plan, ~~you~~ can withdraw or use ~~your~~ LAVA any time ~~you~~ want. However, withdrawing your funds before the end of the running week will void the current week’s payment. So if ~~you withdraw~~ from the Flexible Plan on day 6 of the first week, ~~you~~ receive nothing. If ~~you~~ withdraw on day 13, ~~you~~ will have received the first week’s payment but will not receive the interest for the second week.		Interest will be paid out weekly. For the Flexible Plan, a user can withdraw or use LAVA any time they want. However, withdrawing your funds before the end of the running week will void the current week’s payment. So if a user withdraws from the Flexible Plan on day 6 of the first week, they receive nothing. If they withdraw on day 13, they will have received the first week’s payment but will not receive the interest for the second week.

	==The Plans & How It Works==		==The Plans & How It Works==

Neswulf: Image update - small images at page intro as standard

2022-10-25T13:07:25Z

Image update - small images at page intro as standard

← Older revision		Revision as of 13:07, 25 October 2022
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	The [[Vulcan Forged]] '''LAVA Bank''' is a building in Vulcan City, [[VulcanVerse]],		[[File:Lavabank_location2.jpg\|right\|300px]]The [[Vulcan Forged]] '''LAVA Bank''' is a building in Vulcan City, [[VulcanVerse]], that allows holders of a LAVA Ledger [[NFT]] to stake cold [[LAVA]] through one of three plans and earn an Annual Percentage Yield (APY).

	~~[[File:Lavabank_location.jpg\|600x600px]]~~


	~~[[File:Lavabank_location2.jpg\|600x600px]]~~

	~~that allows holders of a LAVA Ledger [[NFT]] to stake cold [[LAVA]] through one of three plans and earn an Annual Percentage Yield (APY).~~
	==Background and Lore==		==Background and Lore==
	The Vulcan City LAVA Bank is the first and at present, only bank within VulcanVerse, Vulcan Forged's blockchain MMORPG. Seated in the Vulcan City LAVA Bank is the Governor, a Kobaloi [[NPC]] by the name of '''Robafella'''. VulcanVerse lore tells us that others call Robafella 'the Gobernator' and that Robafella began his career as a thieving Kobaloi in the Mountains of Boreas quadrant of VulcanVerse, where he hit on the idea of lending his stolen money to other Kobaloi and charging interest on it.		[[File:Lavabank_location.jpg\|right\|thumb\|300px\|Location of the LAVA Bank in Vulcan City]]The Vulcan City LAVA Bank is the first and at present, only bank within VulcanVerse, Vulcan Forged's blockchain MMORPG. Seated in the Vulcan City LAVA Bank is the Governor, a Kobaloi [[NPC]] by the name of '''Robafella'''. VulcanVerse lore tells us that others call Robafella 'the Gobernator' and that Robafella began his career as a thieving Kobaloi in the Mountains of Boreas quadrant of VulcanVerse, where he hit on the idea of lending his stolen money to other Kobaloi and charging interest on it.

	Over time his 'Bank of ‘Goblin’ it All Up’ did so well he expanded into Vulcan City itself. Realising he needed a more respectable name that non-Kobaloi could trust, he renamed it the 'Bank of Vulcan City', and took out some insurance with the Temple of Poseidon so he could officially call it a PLC(1).		Over time his 'Bank of ‘Goblin’ it All Up’ did so well he expanded into Vulcan City itself. Realising he needed a more respectable name that non-Kobaloi could trust, he renamed it the 'Bank of Vulcan City', and took out some insurance with the Temple of Poseidon so he could officially call it a PLC(1).
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	As soon as you enter the Bank of Vulcan City, you will see Robafella, the goblin bank Governor ready to assist you. You will need the limited Vulcan LAVA Ledger NFT to use the Vulcan City bank services.		As soon as you enter the Bank of Vulcan City, you will see Robafella, the goblin bank Governor ready to assist you. You will need the limited Vulcan LAVA Ledger NFT to use the Vulcan City bank services.

	==Vulcan Ledger NFT==		==Vulcan Ledger NFT==
	In order to use Vulcan City’s bank services, you need a Lava Ledger NFT. This NFT can be activated on My Forge on the [https://myforge.vulcanforged.com/lavabank LAVA Bank page right here.]		In order to use Vulcan City’s bank services, you need a Lava Ledger NFT. This NFT can be activated on My Forge on the [https://myforge.vulcanforged.com/lavabank LAVA Bank page right here.]

Coxsurf at 17:05, 21 October 2022

2022-10-21T17:05:54Z

← Older revision		Revision as of 17:05, 21 October 2022
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	[[File:Lavabank_location2.jpg\|600x600px]]		[[File:Lavabank_location2.jpg\|600x600px]]


































	that allows holders of a LAVA Ledger [[NFT]] to stake cold [[LAVA]] through one of three plans and earn an Annual Percentage Yield (APY).		that allows holders of a LAVA Ledger [[NFT]] to stake cold [[LAVA]] through one of three plans and earn an Annual Percentage Yield (APY).

Coxsurf at 16:48, 21 October 2022

2022-10-21T16:48:47Z

← Older revision		Revision as of 16:48, 21 October 2022
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	The [[Vulcan Forged]] '''LAVA Bank''' is a building in Vulcan City, [[VulcanVerse]],		The [[Vulcan Forged]] '''LAVA Bank''' is a building in Vulcan City, [[VulcanVerse]],

	[[File:~~Lavabank location~~.jpg~~\|left~~\|600x600px]]		[[File:Lavabank_location.jpg\|600x600px]]


			[[File:Lavabank_location2.jpg\|600x600px]]


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	~~[[File:Lavabank location2.jpg\|600x600px\|left]]~~

Coxsurf at 16:20, 21 October 2022

2022-10-21T16:20:56Z

← Older revision		Revision as of 16:20, 21 October 2022
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	The [[Vulcan Forged]] '''LAVA Bank''' is a building in Vulcan City, [[VulcanVerse]],		The [[Vulcan Forged]] '''LAVA Bank''' is a building in Vulcan City, [[VulcanVerse]],

	[[File:Lavabank location.jpg\|left~~\|thumb~~\|600x600px]]		[[File:Lavabank location.jpg\|left\|600x600px]]


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	[[File:Lavabank location2.jpg~~\|thumb~~\|600x600px\|left]]		[[File:Lavabank location2.jpg\|600x600px\|left]]

Coxsurf at 16:19, 21 October 2022

2022-10-21T16:19:30Z

← Older revision		Revision as of 16:19, 21 October 2022
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	[[File:Lavabank location2.jpg\|thumb\|600x600px\|left]]		[[File:Lavabank location2.jpg\|thumb\|600x600px\|left]]

Coxsurf at 16:19, 21 October 2022

2022-10-21T16:19:12Z

← Older revision		Revision as of 16:19, 21 October 2022
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	The [[Vulcan Forged]] '''LAVA Bank''' is a building in Vulcan City, [[VulcanVerse]],		The [[Vulcan Forged]] '''LAVA Bank''' is a building in Vulcan City, [[VulcanVerse]],

			[[File:Lavabank location.jpg\|left\|thumb\|600x600px]]

	~~[[File:Lavabank location.jpg\|left\|thumb\|627x627px]]~~
	~~[[File:Lavabank location2.jpg\|thumb\|475x475px]]~~





			[[File:Lavabank location2.jpg\|thumb\|600x600px\|left]]

Coxsurf at 16:17, 21 October 2022

2022-10-21T16:17:56Z

← Older revision		Revision as of 16:17, 21 October 2022
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	[[File:Lavabank location.jpg\|left\|thumb\|627x627px]]		[[File:Lavabank location.jpg\|left\|thumb\|627x627px]]
	[[File:Lavabank location2.jpg\|thumb\|475x475px]]		[[File:Lavabank location2.jpg\|thumb\|475x475px]]

Coxsurf at 16:17, 21 October 2022

2022-10-21T16:17:42Z

← Older revision		Revision as of 16:17, 21 October 2022
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	[[File:Lavabank location.jpg\|left\|thumb\|627x627px]]		[[File:Lavabank location.jpg\|left\|thumb\|627x627px]]
	[[File:Lavabank location2.jpg\|thumb\|475x475px]]		[[File:Lavabank location2.jpg\|thumb\|475x475px]]