The Sandbox Brings Direct Staking to the Polygon Network
Prime notch digital world, The Sandbox, has introduced a serious improve to its Polygon staking mechanism. As of now, customers can stake mSAND (SAND on the Polygon Community) immediately on the platform.
The Sandbox launched Polygon staking again in December, permitting customers to earn yield by way of mSAND–Matic pairs. Now nonetheless, the brand new improve permits them to get caught in and stake the mSAND immediately, all of the whereas having fun with innovative gasless transactions because of the pioneering efforts of Biconomy.
To get the ball rolling, customers should first get their SAND onto Polygon. For this, The Sandbox has constructed a useful bridge that sits neatly within the interface. Nevertheless, a fast go surfing is required for it to current itself. As soon as the funds are in place, a easy staking process will get that mSAND incomes some pretty yield.
We’re introducing a brand new staking mechanism that works ONLY with $SAND…
? Open to ALL – on @0xPolygon
? Gasless – by @biconomy
? 500,000 in SAND rewards per week!Learn extra ?https://t.co/HXovJUuN5W
— The Sandbox (@TheSandboxGame) February 11, 2022
For the primary 28 days, The Sandbox will distribute 500k SAND per week as staking rewards, together with a mechanism that permits stakers to assert rewards as soon as each seven days. Following this “honeymoon” interval, the distribution will fall consistent with the remainder of the platform.
Going ahead, The Sandbox will proceed to help direct staking and mSAND-MATIC pairs on the Polygon community. Nevertheless, it would discontinue SAND-ETH staking on Ethereum on the finish of February.
All in all, a easy and painless strategy to squeeze a bit extra out of the mighty SAND utility token. Maintain tabs on The Sandbox Twitter feed for information of additional staking updates.
Stake mSAND on Polygon >> Here
Be taught extra about Sandbox staking >> Here
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