Expensive 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 few weeks have been difficult for the $DFL token and its holders, however we see each problem as a possibility to take heed to our group and work more durable than ever to construct on this dedication. Just a few 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 assist you to flex any Solana NFT. Whereas customizing your land within the improved Edit Mode, you’ll be able to 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 aid efforts. Your donations instantly go to Ukraine.sol area, which is endorsed by Solana Crew 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 happy with our accomplishments and assured in our future. Nonetheless, we acknowledge there may be nonetheless loads of room to develop. In the present day, we’re excited to announce new updates that can assist us construct wholesome liquidity and utility for the $DFL token. Along with some main staking updates, now we have just a few particular previews for Play and Earn, NFTs, and the intense way forward for DeFi Land.
Auto-compounding is right here!
We 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. Despite the fact that 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 instantly within the person interface. Auto compounding shall be out in simply coming days. As a bonus, your rewards will compound day by day as a substitute of weekly when you’ve auto-compounding turned on. With this in thoughts, it is very important be aware two particulars:
- You may solely auto-compound in locked staking accounts which can be better than 7 days, just because auto-compounding would give versatile stakers a sneaky method to declare their rewards early. Solely stakers who flip auto-compound on will get to compound their rewards day by day as a substitute of weekly.
- As you compound for some time, you’ll discover that your weight within the pool decreases. It is because every compounding occasion provides tokens which can be locked for a shorter time-frame (thus have a decrease weight). Nevertheless, 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 purpose 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 group of long-term token holders. Nevertheless, 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 shall 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 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 making certain that the $DFL token has loads of liquidity for future progress and value stability. Not having an enormous APY on Raydium farms, will even minimize off the danger of insane leverage farming positions, which generally may be harmful. LP staking is predicted to launch early subsequent week.
NFTs, Play-To-Earn, and the Subsequent Section of DeFi Land
The following part of DeFi Land will definitely be essentially the most thrilling one but. We shall 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 the moment 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 just a few previews!
DeFi Land In-game Economic system
As Play and Earn approaches, our workforce is addressing quite a lot of elements that can create a strong and sustainable in-game economic system. We’ve got 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 shall be a possibility 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 earnings, and extra! The DeFi Land gaming economic system shall be 100% group pushed and free from personal traders, supplying you with a good likelihood to take part from day one. Whereas we don’t manipulate or management the worth of $DFL, we’re doing every part in our energy to construct a recreation that’s participating and attracts new gamers and traders to DeFi Land. You probably have not logged on but, be sure that to provide 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 under, you’ll be able to 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 probability of catching a bigger or extra beneficial fish, rising the variety of instances you’ll be able to 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 Earnings vs. Lively Earnings
Pets will go down in historical past as maybe essentially the most cute method to earn passive earnings. Cats and canines in DeFi Land may be despatched on adventures to gather numerous rewards. Once they return to their village, they may convey dwelling some gold, $DFL, or one other secret reward. Man’s finest pal? We expect 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 shall be a brain-teasing race towards time, the place your activity is to load up your harvester with randomly generated crops. As a result of your harvester’s area and gasoline capability shall be based mostly on the extent of your NFT, it will likely be as much as you to strategize the right 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 workforce continues 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 may be obtained via crafting. As a substitute of permitting everybody to simply craft no matter they need, we are going to drop a restricted variety of crafting constructing NFTs. Homeowners of a crafting constructing won’t solely have the ability to craft their very own provides, however they will even 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 provision of those crafting buildings, we’re encouraging gamers to ask folks to their land and compete for sources. Gamers will get one other method to optimize the yield and give you their methods. One thing like that shall be later launched named “Taking part in Home”. We’re right here to care for our gamers and maintain them entertained, completely happy and relaxed with plenty of 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 wish to miss out. As we get nearer to the following milestone for our recreation, we shall 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. Make certain to observe our communities right here and be part of our weekly Farmers Townhalls each Friday at 3 PM UTC. Let’s maintain constructing collectively!