Introducing Land Staking

How will Land Staking work?

  • There will be a pool of MNFT rewards to be distributed passively among all the Stakers inside the pool.
  • Landowners will be able to stake multiple lands inside the pool, and the total MNFT that they will earn will depend on what % of the pool they own. While there are limits of 3 lands per wallet for playing in the game, and 2 wallets per IP, there are no limits for lands inside the Land Staking pool. This means if you want to own more than 3 lands in one wallet, or more than 2 wallets inside the same IP, you will be safe from bans.
  • The MNFT in the pool will come from the players’ rewards pool, which will be refilled thanks to taxes on marketplace transactions among other economic measures that have been discussed previously in the Tokenomics, and will continue to be published in their dev journals and whitepaper updates.
  • Once the PVP is launched, the rewards for Land Staking will be including a small % of the MNFT handed out to winners of PVP matches.
  • This means that the more PVP rounds are being played, the more profitable it will be to participate in Land Staking,
  • This also means that the less people participating in Land Staking, the more profitable it will be for those who stay within the pool. This is specially meant to benefit all those who have already bought lands and who will buy land in the public land sales, who will all be the first to benefit from Land Staking.

When and where will Land Staking be available?

How long will Land Staking be available?

What is the estimated APR% for Land Staking?

  • In the initial days, it is quite likely the pool will maintain upwards of 100% APR until more users come in.
  • When the Land Staking reaches maturity and most users have entered, the first group of Land Stakers will be able to enjoy a stable APR% between 25%-60% depending on how many lands are in the pool and which type of land a user owns, with most users probably falling above 35%.
  • These estimates are assuming that a user bought their lands valued at $350 USD in one of the Public Land Sales (average price nearing 9000 MNFT).

Is there a difference in rewards for lands bought in the Private Land Sale vs lands bought in the Public Land Sales?

How will the type of land influence the profitability in Land Staking?

How long will the lockup period be for unstaking the Lands?

How often will tokens be claimable?

Notice: This is all the key information you should know to understand the Land Staking utility. If you want more detailed mathematical explanations and formulas for APR%, keep reading! Otherwise, thank you for reading up until here!

What is the formula for MNFT Staking?

  • APR% = Annual Percentage Rate
  • T = Total MNFT in the Land Staking Pool. For v1.0 this will be 1.35 million MNFT
  • P = Total Points in the Land Staking Pool. This will vary based on the amount of lands in the pool, but they expect the initial cohort will be around 600–900 lands based on current land sales and the adoption levels of MNFT staking
  • L = Points for the specific type of Land of the user (100, 110, …, 150), as seen on a table above
  • B = Optional Bonus points depending on the selected lockup period (0, 10, or 20 extra points)
  • D = Total Duration (in Days) of the Land Staking v1.0 = 180 days
  • E = User Expenditure on land, expressed in $MNFT. This is approximate to 9000 for users who bought their lands for a $350 value in the 1st Public Land Sale, and between 5000 and 6000 MNFT for users who bought their lands for a $55-$65 donation + $170 value in the Private Land Sale.
  • (T / P) = Total MNFT in the Pool to be distributed per Point in the pool
  • (L + B) = Points of the user, determined by their type of land(s) and optional bonuses
  • (365 / D) = (365 / 180) = Conversion factor to yearly rate from baseline 180 days rate
  • (T / P) * (L + B) = Total MNFT the user would receive for 180 days in the Land Staking, ceteris paribus (everything else unchanged)
  • (T / P) * (L + B) * (365 / D) = Total MNFT the user would earn in a year for Land Staking, ceteris paribus (everything else unchanged)
  • (T / P) * (L + B) * (365 / D) / E = Annual Rate on the user’s investment (Expenditure)
  • (T / P) * (L + B) * (365 / D) / E * 100% = Annual Percentage Rate on the user’s investment (Expenditure)

What are some realistic example scenarios for APR% of Land Staking?

Scenario A: 800 Lands in Pool

  • T = 1,350,000 MNFT (constant)
  • P = 90000 points
  • L = 110 points
  • B = 10 points
  • D = 180 days (constant)
  • E = 9000 MNFT
  • APR% = 40.56%

Scenario B: 900 Lands in Pool

  • T = 1,350,000 MNFT (constant)
  • P = 105000 points
  • L = 100 points
  • B = 0 points
  • D = 180 days (constant)
  • E = 5800 MNFT
  • APR% = 44.95%

Scenario C: 600 Lands in Pool

  • T = 1,350,000 MNFT (constant)
  • P = 68000 points
  • L = 130 points
  • B = 20 points
  • D = 180 days (constant)
  • E = 9100 MNFT
  • APR% = 66.36%

Scenario D: 1200 Lands in Pool

  • T = 1,350,000 MNFT (constant)
  • P = 135000 points
  • L = 120 points
  • B = 10 points
  • D = 180 days (constant)
  • E = 5500 MNFT
  • APR% = 47.93%

Scenario E: 750 Lands in Pool

  • T = 1,350,000 MNFT (constant)
  • P = 83500 points
  • L = 100 + 140 = 240 points
  • B = 20 + 10 = 30 points
  • D = 180 days (constant)
  • E = 5600 + 9000 = 14600 MNFT
  • APR% = 60.63%

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