Staking: Difference between revisions
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==What is staking in Vulcan Verse?== | |||
Staking in Vulcan Verses is an optional feature exclusive to land owners.<br> | |||
Vulcan Verse land owners can benefit from staking their land NFT's with PYR.<br> | |||
Staking is a great way to use your PYR tokens to generate passive income. <br> | |||
Once you upgrade your land to the minimum eligible staking level of 2.<br> | |||
You will receive daily payouts in PYR sent directly to your market wallet within My Forge.<br> | |||
=How does it staking work?== | |||
Land staking is the process of temporarily locking your PYR token in your Vulcan Verse land NFT.<br> | |||
To be eligible for your daily PYR reward you must earn the requires amount of XP in Vulcan Verse.<br> | |||
Vulcan Verse land NFT's can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br> | |||
The staking pool is shared across all those who have staked land. <br> | |||
Higher level lands receive higher rewards for the larger amount of staked PYR.<br> | |||
Upgrading your land is optional and the following fee structure applies to each level upgrade.<br> | |||
*<b>Level 1</b> Default Land Level | |||
*<b>Level 2</b> 50 PYR sow fee and 50 LAVA + 50 PYR soft locked into your land NFT. | |||
*<b>Level 3</b> 100 PYR sow fee and 100 LAVA + 100 PYR soft locked into your land NFT. | |||
*<b>Level 4</b> 200 PYR sow fee and 200 LAVA + 200 PYR soft locked into your land NFT. | |||
*<b>Level 5</b> 300 PYR sow fee and 300 LAVA + 300 PYR soft locked into your land NFT. | |||
*<b>Level 6</b> 400 PYR sow fee and 400 LAVA + 400 PYR soft locked into your land NFT. | |||
*<b>Level 7</b> 600 PYR sow fee and 600 LAVA + 600 PYR soft locked into your land NFT. | |||
Revision as of 19:55, 27 September 2022
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.
Once you upgrade your land to the minimum eligible staking level of 2.
You will receive daily payouts in PYR sent directly to your market wallet within My Forge.
How does it staking work?=
Land staking is the process of temporarily locking your PYR token in your Vulcan Verse land NFT.
To be eligible for your daily PYR reward you must earn the requires amount of XP in Vulcan Verse.
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 level upgrade.
- 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.