Sick of yield farming? Your liquidity could save Earth from the Daleks
Sick of yield farming? Your liquidity could save Earth from the Daleks
A new scheme from Reality Gaming Group is offering NFT trading cards from Doctor Who: Worlds Apart every bit an incentive to liquidity providers.
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The decentralized finance craze has provided endless opportunities for token holders to farm yield through staking their assets in a wide diversity of liquidity pools.
Merely for those who yearn for something a picayune more tangible than yet another "worthless" token in return for locking up theirs, Reality Gaming Grouping has some other selection.
The Doctor Who: World'southward Autonomously and Reality Clash developer is offering a liquidity boost and rewards plan featuring NFTs from its portfolio of games.
The scheme has launched alongside an RCC/ETH liquidity pool on Uniswap and offers rewards to those who stake a minimum of $200 worth of RCC tokens into the puddle.
The rewards comprise of three elements: a percentage of the Uniwap fees, a 100,000 RCC per calendar month drop distributed between pool participants, and exclusive NFTs worth hundreds of dollars.
The amount of NFTs that stakers tin receive depends on the amount of time that liquidity is deposited in the pool.
Rewards will be randomly chosen from across all four of the games in the RGG stable, and over a six-calendar month period may comprise five Doctor Who: Worlds Apart trading cards, along with ten or more from the other iii games. These would be worth over $200 if bought in-game.
This means users could go the proud owner of an sectional TARDIS trading card, helping to defend the Globe from the incoming Dalek invasion — or go a Reality Disharmonism gun — in return for staking tokens in a liquidity pool.
RGG hopes that the addition of NFT rewards will encourage more participants to join the puddle, and provide deep liquidity to those wishing to trade RCC. Co-founder Tony Pearce told Cointelegraph:
"The yield is good and comparable on its own but the NFT'due south are an additional bonus to the RCC yield farming element. We are guaranteeing NFTs across all our portfolio of games including Md Who and these NFT'due south could be worth a lot of money to traders. Because we at present have four different games all with different NFT's we feel that this is a unique advantage scheme offering something heady, new and different for liquidity providers."
Source: https://cointelegraph.com/news/sick-of-yield-farming-your-liquidity-could-save-earth-from-the-daleks
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