Pricey DeFi Landers,
In all types of market turbulence, our staff stays dedicated to delivering the most effective gamified DeFi expertise to our customers. These previous few weeks have been difficult for the $DFL token and its holders, however we see each problem as a chance to take heed to our group and work tougher than ever to construct on this dedication. A couple of of our group 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 let you flex any Solana NFT. Whereas customizing your land within the improved Edit Mode, you possibly can place quite a lot 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 via 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 this time, 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 now have a number of particular previews for Play and Earn, NFTs, and the intense 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 mean stake time of 21 weeks. Although our stakers simply claimed their first $DFL rewards final week, we’re already including new options. In new and present staking accounts, customers at the moment are capable of auto-compound their rewards. You may toggle auto-compounding on and off straight within the consumer interface. Auto compounding will probably be out in simply coming days. As a bonus, your rewards will compound each day as an alternative of weekly when you’ve auto-compounding turned on. With this in thoughts, it is very important observe two particulars:
- You may solely auto-compound in locked staking accounts which might be better than 7 days, just because auto-compounding would give versatile stakers a sneaky approach to declare their rewards early. Solely stakers who flip auto-compound on will get to compound their rewards each day as an alternative 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 time-frame (thus have a decrease weight). Nonetheless, since you’re 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 mission. When customers lock their tokens for weeks and even years, this helps construct a group 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 a crucial element of a wholesome token ecosystem. We will probably be lowering the farming emissions rather a lot on Raydium and transferring it to our personal platform. By internet hosting the LP staking on our personal platform, we can regulate the emissions and provides liquidity suppliers the identical bonus incentives (NFTs, land gross sales, and extra) as our single-sided stakers. Rising 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 even reduce off the danger of insane leverage farming positions, which typically is perhaps harmful. LP staking is predicted to launch early subsequent week.
NFTs, Play-To-Earn, and the Subsequent Section of DeFi Land
The subsequent part of DeFi Land will definitely be essentially the most thrilling one but. We will probably 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 can 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 number of previews!
DeFi Land In-game Economic system
As Play and Earn approaches, our staff is addressing quite a lot of elements that may create a sturdy and sustainable in-game economic system. We’ve studied how Play and Earn mechanics can succeed or fail in different tasks, 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 probably be a chance to construct a brand new economic system that’s strengthened by our secondary Gold token and NFTS. You will have Gold, NFTs, and different sources to craft, restore your NFTs, play minigames to earn revenue, and extra! The DeFi Land gaming economic system will probably be 100% group pushed and free from personal buyers, supplying you with a good probability to take part from day one. Whereas we don’t manipulate or management the value of $DFL, we’re doing every little thing in our energy to construct a recreation that’s partaking and attracts new gamers and buyers to DeFi Land. You probably have not logged on but, be certain that to present our public beta a attempt 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 possibly can 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, similar to rising the chance of catching a bigger or extra precious fish, rising the variety of occasions you possibly can fish earlier than needing to restore your fishing rod, and slowing down the goal within the fishing recreation.
Gen-0 Pets vs. Gen-0 Harvester: Passive Revenue vs. Energetic Revenue
Pets will go down in historical past as maybe essentially the most lovable approach to earn passive revenue. Cats and canine in DeFi Land could be despatched on adventures to gather numerous rewards. Once they return to their village, they could carry house some gold, $DFL, or one other secret reward. Man’s greatest 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 energetic in DeFi Land. The brand new harvester minigame will probably be a brain-teasing race in opposition to time, the place your process is to load up your harvester with randomly generated crops. As a result of your harvester’s area and gas capability will probably be primarily based on the extent of your NFT, it is going to 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
At the same time as we drop these new options, our staff continues to be constructing new instruments for mining, woodcutting, automotive racing, quests, and PVP. The listing goes on and on. As we roll out new duties in DeFi Land, sure utility NFTs could be obtained via crafting. As a substitute of permitting everybody to simply craft no matter they need, we’ll drop a restricted variety of crafting constructing NFTs. House owners of a crafting constructing is not going to solely be capable of craft their very own provides, however they may even be capable of 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 provision of those crafting buildings, we’re encouraging gamers to ask individuals to their land and compete for sources. Gamers will get one other approach to optimize the yield and give you their methods. One thing like that will probably be later launched named “Enjoying Home”. We’re right here to deal with our gamers and maintain them entertained, completely satisfied and relaxed with a lot of information, options and revolutionary mechanics. Extra on this coming quickly!
The Play and Earn chapter of DeFi Land is coming quickly and also you don’t wish to miss out. As we get nearer to the subsequent milestone for our recreation, we will probably be ramping up our media presence to make sure the world outdoors of our loyal Discord and Telegram communities has an opportunity to catch our sneak peeks and new options. Be certain to comply with our communities here and be a part of our weekly Farmers Townhalls each Friday at 3 PM UTC. Let’s maintain constructing collectively!