Staking: Difference between revisions
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*The exact amount of lava will de decided on a moving average prior to the next land level being unlocked. | *The exact amount of lava will de decided on a moving average prior to the next land level being unlocked. | ||
==Avatar level | ==Avatar level and land staking== | ||
Your Avatar must be upgraded to the appropriate level before you can stake your land. | Your Avatar must be upgraded to the appropriate level before you can stake your land. | ||
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In order to stake at level 3, your avatar must be upgraded again to at least level 3 using the appropriate amount of XP. | In order to stake at level 3, your avatar must be upgraded again to at least level 3 using the appropriate amount of XP. | ||
Revision as of 13:29, 29 September 2022
What is staking in Vulcan Verse?
Staking in Vulcan Verse is an optional bonus 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 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 rewards you must earn the required amount of XP in Vulcan Verse.
Daily XP requirements range from 101 XP to 200 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.
Land NFT's can also have their rewards boosted by owning one of the many Vulcan Verse God NFT's.
See the following page for more information on God's within the Vulcan Verse. Gods_(Titans/Olympians)
The staking pool is shared across all players who have PYR staked within their land NFT's.
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 - not eligible for staking.
- Level 2 50 PYR to sow and 50 LAVA + 50 PYR to stake.
- Level 3 100 PYR to sow and 100 LAVA + 100 PYR to stake.
- Level 4 200 PYR to sow and 200 LAVA + 200 PYR to stake.
- Level 5 300 PYR to sow and 300 LAVA + 300 PYR to stake.
- Level 6 400 PYR to sow and 400 LAVA + 400 PYR to stake.
- Level 7 600 PYR to sow and 600 LAVA + 600 PYR to stake.
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 goes towards the staking rewards pool.
30% of the sowing fee goes directly to Vulcan.
20% of the sowing fee will be burned.
- A 10% equivalent of the PYR sow fee on each level will be paid in lava.
- Example: to upgrade to level 3 you need 90 PYR + 10% of the full sow fee in lava.
- The exact amount of lava will de decided on a moving average prior to the next land level being unlocked.
Avatar level and land staking
Your Avatar must be upgraded to the appropriate level before you can stake your land.
In order to stake at level 2, for example, your avatar must be upgraded to at least level 2 using the appropriate amount of XP.
In order to stake at level 3, your avatar must be upgraded again to at least level 3 using the appropriate amount of XP.