DeFi Land Unveils Single-Sided Staking, Concludes Gen-0 NFT Launch in 80 Seconds
DeFi Land, a multi-chain agriculture-simulation web game that gamifies DeFi, today announced the launch of single-sided staking. In addition, the project also concluded its Gen-0 NFT launch which sold out in a record 80 seconds.
DeFi Land Launches Single-Sided Staking
Pioneering the GameFi space, DeFi Land today introduced single-sided staking that allows users to stake the native DFL token to earn immediately available rewards. The game offers all the staking features while also maintaining the appeal of the overarching DeFi Land interface.
Notably, single-sided staking enables users to seamlessly start and manage their positions.
The newly-unveiled staking feature offers users flexible and locked staking options where they are able to stake their DFL tokens from 0 to 104 weeks. In addition, flexible staking also has the added advantage of removing a stake whenever necessary.
At the same time, the lock option encourages long-term DFL holders to stake and support the DeFi Land ecosystem and benefit from a higher APY. User rewards are based on the number of tokens and the duration they are staked for.
It’s worthy of note that users will be able to stake their DFL tokens both from the game and the dedicated website.
High Rewards with Single-Sided Staking
DeFi Land’s single-sided staking feature generates rewards every second. However, users can only claim tokens once every seven days. Further, long-term stakers are eligible for extra rewards that include free NFTs and white-list access to upcoming protocol features.
Users can access the staking feature on DeFi Land via the in-game Bank feature. In addition, users can choose Flexible and locked staking, insert their amount, and start earning rewards immediately.
Notably, the fixed emissions start at 1 $DFL per second and will adjust over time via in-game mechanics and market fees taking over the emission schedule to create long-term sustainability.
DeFi Land Completes Gen-0 NFT Launch
DeFi Land’s single-sided staking launch comes along with it completing its Gen-0 NFT launch.
For the uninitiated, a total of 7,500 NFT seeds were available to whitelisted users through an eight-hour interval. The DeFi Land team sold the remaining NFTs via a public sale, which lasted only 80 seconds in total due to strong demand.
The overwhelming demand for their NFTs has put DeFi Land on everyone’s radar. Soon enough, the game is also expected to unlock play-to-earn in-game mechanics.
Further, the trading volume for DeFi Land NFTs also surpassed 15,000 $SOL across secondary marketplaces in just a single day, indicating the strong interest in these digital collectibles.
Although the minting of NFT seeds is a significant first step, users can also opt to turn it into 4 NFTs by planting the seed in-game and watering it with $DFL tokens.
Planting a seed will lock it in your garden for 30 days, after which a candy machine appears in your village to distribute rewards. The DeFi Land team will burn all $DFL used to water seeds in-game after the first 30 days. Interestingly enough, within the first 5 hours, over 500,000 $DFL tokens were already burnt.
