Staking

What is staking in Vulcan Verse?

Staking in Vulcan Verses is an optional feature exclusive to land owners.

Vulcan Verse land owners can benefit from staking their land NFT's with PYR.
Staking is a great way to use your PYR tokens to generate passive income.

You will receive daily payouts in PYR sent directly to your market wallet within My Forge.
Your land NFT is eligible for rewards once it is upgraded to the minimum eligible staking level of 2.

How does it staking work?

Land staking is the process of temporarily locking your PYR tokens within your Vulcan Verse land NFT.
To be eligible for your daily PYR reward you must earn the requires amount of XP in Vulcan Verse.
Daily XP requirements range from 101 XP to 200 daily XP for 22+ land NFT's.

Vulcan Verse land NFT's can be upgraded to a maximum level of 7 to reap the most rewards from your land.

The staking pool is shared across all those who have staked land.
Higher level lands receive higher rewards for the larger amount of staked PYR.

Upgrading your land is optional and the following fee structure applies to each upgrade level.

• Level 1 Default Land Level
• Level 2 50 PYR sow fee and 50 LAVA + 50 PYR soft locked into your land NFT.
• Level 3 100 PYR sow fee and 100 LAVA + 100 PYR soft locked into your land NFT.
• Level 4 200 PYR sow fee and 200 LAVA + 200 PYR soft locked into your land NFT.
• Level 5 300 PYR sow fee and 300 LAVA + 300 PYR soft locked into your land NFT.
• Level 6 400 PYR sow fee and 400 LAVA + 400 PYR soft locked into your land NFT.
• Level 7 600 PYR sow fee and 600 LAVA + 600 PYR soft locked into your land NFT.

Where does my sowing fee go?

All sow fees are one time non-refundable payments which are distributed as follows.

50% of the sowing fee go towards the staking rewards pool.
30% of the sowing fee goes directly to Vulcan.
20% of the sowing fee will be burned.