DeFi Land launches single-sided staking

DeFi Land, the multichain GameFi agriculture simulator, launched single-sided staking and also completed its Gen-0 NFT launch, which sold out within minutes, Invezz learned from a press release.  

With single-sided staking, users will be able to stake DFL and earn immediately available rewards. You can access all of the staking features in the game and maintain the appeal of the overarching DeFi Land interface as well as start and manage your positions in a frictionless manner.

Flexible and locked staking

There are both locked and flexible staking options. You can stake your DFL from 0 to 104 weeks. The lock option provides an incentive to long-term DFL holders to stake and support the ecosystem, yielding a higher APY.

On the other hand, flexible staking has the extra benefit of removing a stake whenever necessary. Rewards will depend on the staking period and the number of tokens staked. It’s possible to stake $DFL both from the game and the website.

One reward generated per second

The single-sided staking generates one reward per second. It’s only possible to claim tokens once every seven days. Among the additional rewards available to long-term stakers are free NFTs and whitelist access to upcoming protocol features.

Seamless access

Users can access the staking function seamlessly through the in-game Bank feature. You choose flexible or locked staking, insert an amount, and begin earning. Fixed emissions start at 1 $DFL per second and change through in-game mechanics and market fees to ensure long-term sustainability.

7.5K NFT seeds available to whitelisted users

In DeFi Land’s Gen-0 NFT launch, which ran parallel to the launch of single-sided staking, whitelisted users were eligible for a total of 7,500 NFT seeds over an eight-hour interval. The rest were sold through a public sale, which ended within 80 seconds due to huge demand.

Currently, DeFi Land NFTs will now unlock play-to-earn in-game mechanics. On secondary markets, the trading volume exceeded 15,000 SOL (SOL/USD) in just one day, confirming growing interest in these tokens.

NFT seed minting is the crucial first step

Users can change it to 4 NFTs by planting the seed in-game and watering it with $DFL tokens. When you plant a seed, it’s locked in your garden for 30 days. The team will burn all tokens used to water seeds in-game after this time. They burned more than 500,000 $DFL in 5 hours.

The post DeFi Land launches single-sided staking appeared first on Invezz.