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Home Crypto News

Sick of yield farming? Your liquidity might save Earth from the Daleks

by admin
January 15, 2021
in Crypto News
Sick of yield farming? Your liquidity might save Earth from the Daleks

The decentralized finance craze has offered infinite alternatives for token holders to farm yield by means of staking their belongings in all kinds of liquidity swimming pools.

However for many who yearn for one thing just a little extra tangible than one more “nugatory” token in return for locking up theirs, Actuality Gaming Group has an alternative choice.

The Physician Who: World’s Aside and Actuality Conflict developer is providing a liquidity increase and rewards program that includes NFTs from its portfolio of video games.

The scheme has launched alongside an RCC/ETH liquidity pool on Uniswap and provides rewards to those that stake a minimal of $200 value of RCC tokens into the pool.

The rewards comprise of three parts: a proportion of the Uniwap charges, a 100,000 RCC monthly drop distributed between pool individuals, and unique NFTs value a whole bunch of {dollars}.

The quantity of NFTs that stakers can obtain depends upon the period of time that liquidity is deposited within the pool.

Rewards will probably be randomly chosen from throughout all 4 of the video games within the RGG steady, and over a six-month interval might comprise 5 Physician Who: Worlds Aside buying and selling playing cards, together with ten or extra from the opposite three video games. These could be value over $200 if purchased in-game.

This implies customers might grow to be the proud proprietor of an unique TARDIS buying and selling card, serving to to defend the Earth from the incoming Dalek invasion — or get a Actuality Conflict gun — in return for staking tokens in a liquidity pool.

RGG hopes that the addition of NFT rewards will encourage extra individuals to affix the pool, and supply deep liquidity to these wishing to commerce RCC. Co-founder Tony Pearce instructed Cointelegraph:

“The yield is sweet and comparable by itself however the NFT’s are a further bonus to the RCC yield farming component. We’re guaranteeing NFTs throughout all our portfolio of video games together with Physician Who and these NFT’s might be value some huge cash to merchants. As a result of we now have 4 completely different video games all with completely different NFT’s we really feel that this can be a distinctive reward scheme providing one thing thrilling, new and completely different for liquidity suppliers.”

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