Pricey DeFi Landers,
In all types of market turbulence, our workforce stays dedicated to delivering one of the best gamified DeFi expertise to our customers. These previous couple of weeks have been difficult for the $DFL token and its holders, however we see each problem as a chance to take heed to our neighborhood and work tougher than ever to construct on this dedication. A couple of of our neighborhood highlights from the final two weeks embody:
- Single-sided staking was launched and 175M+ $DFL has been staked (greater than 20% of circulating provide)
- NFT billboards in your village help you flex any Solana NFT. Whereas customizing your land within the improved Edit Mode, you may place a wide range of billboards all through your village.
- We launched the Ukrainian Support Balloon in DeFi Land, permitting you to contribute USDC, SOL, and USDT on to Ukrainian reduction efforts. Your donations straight go to Ukraine.sol area, which is endorsed by Solana Workforce and Ukraine authorities.
- Our nice farmers continued to water their seed NFTs. There are 6,200 seed NFTs planted and a complete of 14.6 million $DFL have been burned by means of watering. Subsequent up is the Gen-0 NFT harvest!
We’re pleased with our accomplishments and assured in our future. Nonetheless, we acknowledge there may be nonetheless loads of room to develop. At present, we’re excited to announce new updates that may assist us construct wholesome liquidity and utility for the $DFL token. Along with some main staking updates, we’ve a couple of particular previews for Play and Earn, NFTs, and the brilliant way forward for DeFi Land.
Auto-compounding is right here!
We just lately launched single-sided staking, the place customers can lock their $DFL tokens to earn yield and future NFT rewards. Within the first ten days, DeFi Land staking attracted over 3300 customers for a complete of 175 million $DFL, with a median stake time of 21 weeks. Regardless that our stakers simply claimed their first $DFL rewards final week, we’re already including new options. In new and current staking accounts, customers are actually in a position to auto-compound their rewards. You possibly can toggle auto-compounding on and off straight within the person interface. Auto compounding will likely be out in simply coming days. As a bonus, your rewards will compound each day as a substitute of weekly when you’ve gotten auto-compounding turned on. With this in thoughts, it is very important be aware two particulars:
- You possibly can solely auto-compound in locked staking accounts which might be higher than 7 days, just because auto-compounding would give versatile stakers a sneaky solution to declare their rewards early. Solely stakers who flip auto-compound on will get to compound their rewards each day as a substitute of weekly.
- As you compound for some time, you’ll discover that your weight within the pool decreases. It’s because every compounding occasion provides tokens which might be locked for a shorter timeframe (thus have a decrease weight). Nonetheless, since you might be including extra tokens over time, you’ll nonetheless be making extra rewards when auto-compounding regardless of having a barely decrease weight.
New Incentives for LP Stakers
The objective of staking on the DeFi Land platform is to incentivize token holders to share in our long-term dedication to the undertaking. When customers lock their tokens for weeks and even years, this helps construct a neighborhood of long-term token holders. Nonetheless, we might additionally like to acknowledge our liquidity suppliers by introducing new LP staking on the DeFi Land platform. Liquidity offering is an important part of a wholesome token ecosystem. We will likely be lowering the farming emissions loads on Raydium and transferring it to our personal platform. By internet hosting the LP staking on our personal platform, we will regulate the emissions and provides liquidity suppliers the identical bonus incentives (NFTs, land gross sales, and extra) as our single-sided stakers. Growing the incentives for liquidity suppliers, in different ways in which simply $DFL, is a step towards guaranteeing that the $DFL token has loads of liquidity for future development and worth stability. Not having an enormous APY on Raydium farms, may also minimize off the danger of insane leverage farming positions, which generally could be harmful. LP staking is predicted to launch early subsequent week.
NFTs, Play-To-Earn, and the Subsequent Section of DeFi Land
The following section of DeFi Land will definitely be probably the most thrilling one but. We will likely be revealing the options and utility of our Gen-0 NFTs, introducing new minigames, including cross-chain integration, and releasing our first Play and Earn options. We at present have 6,200 seed NFTs planted in-game, which is able to blossom into Gen-0 NFTs after March 18. These NFTs would be the keys to unlock Play and Earn in your DeFi Land minigames. This one-of-a-kind expertise is coming so quickly that we needed to drop a couple of previews!
DeFi Land In-game Financial system
As Play and Earn approaches, our workforce is addressing a wide range of components that may create a sturdy and sustainable in-game financial system. We now have studied how Play and Earn mechanics can succeed or fail in different initiatives, and we’re assured our Play and Earn ecosystem will present lasting rewards to our gamers. Play and Earn will introduce new methods to make use of and burn $DFL, however a wholesome ecosystem requires greater than that. This will likely be a chance to construct a brand new financial system that’s strengthened by our secondary Gold token and NFTS. You have to Gold, NFTs, and different assets to craft, restore your NFTs, play minigames to earn revenue, and extra! The DeFi Land gaming financial system will likely be 100% neighborhood pushed and free from personal traders, supplying you with a good probability to take part from day one. Whereas we don’t manipulate or management the worth of $DFL, we’re doing the whole lot in our energy to construct a sport that’s participating and attracts new gamers and traders to DeFi Land. In case you have not logged on but, make certain to present our public beta a strive earlier than Play and Earn drops!
NFT Attributes Web page
Every Gen-0 NFT comes with a particular set of attributes relying on its utility. Within the image beneath, you may see the attributes for the fishing rod, which embody the Physique, Reel, Float, and Hook. Every attribute will present a particular benefit within the fishing minigame, comparable to rising the probability of catching a bigger or extra beneficial fish, rising the variety of occasions you may fish earlier than needing to restore your fishing rod, and slowing down the goal within the fishing sport.
Gen-0 Pets vs. Gen-0 Harvester: Passive Earnings vs. Energetic Earnings
Pets will go down in historical past as maybe probably the most cute solution to earn passive revenue. Cats and canines in DeFi Land might be despatched on adventures to gather varied rewards. Once they return to their village, they could deliver dwelling some gold, $DFL, or one other secret reward. Man’s finest buddy? We predict so.
In distinction to the passive funding generated by Gen-0 Pets, the Gen-0 Harvester introduces a model new minigame to maintain you lively in DeFi Land. The brand new harvester minigame will likely be a brain-teasing race in opposition to time, the place your job is to load up your harvester with randomly generated crops. As a result of your harvester’s house and gas capability will likely be primarily based on the extent of your NFT, will probably be as much as you to strategize the way to most successfully collect your crops earlier than the time runs out!
An Alpha for Crafting
Whilst we drop these new options, our workforce remains to be constructing new instruments for mining, woodcutting, automotive racing, quests, and PVP. The checklist goes on and on. As we roll out new duties in DeFi Land, sure utility NFTs might be obtained by means of crafting. As a substitute of permitting everybody to simply craft no matter they need, we’ll drop a restricted variety of crafting constructing NFTs. Homeowners of a crafting constructing is not going to solely have the ability to craft their very own provides, however they may also have the ability to invite different customers to their land to make use of their crafting desk. The proprietor of the crafting desk will obtain a tax on the crafting price paid by their visitor. By limiting the availability of those crafting buildings, we’re encouraging gamers to ask individuals to their land and compete for assets. Gamers will get one other solution to optimize the yield and give you their methods. One thing like that will likely be later launched named “Taking part in Home”. We’re right here to maintain our gamers and maintain them entertained, completely happy and relaxed with numerous information, options and modern mechanics. Extra on this coming quickly!
The Play and Earn chapter of DeFi Land is coming quickly and also you don’t need to miss out. As we get nearer to the subsequent milestone for our sport, we will likely be ramping up our media presence to make sure the world exterior of our loyal Discord and Telegram communities has an opportunity to catch our sneak peeks and new options. Be sure that to observe our communities here and be a part of our weekly Farmers Townhalls each Friday at 3 PM UTC. Let’s maintain constructing collectively!
