Axie Infinity Optimizes Land Staking Feature, ETA between June 23rd and 28th
Apparently, Axie Infinity has been testing and optimizing the land staking feature on a test net for some time. Depending on the progress, the team might launch this feature upon deploying the Ronin Bridge. This will happen anytime between June 23rd and 28th.
Axie Infinity Land Staking: “Wen”?
Apparently, Axie Infinity has been testing and optimizing the land staking feature on a test net for some time. In the latest update, the team might launch this feature upon deploying the Ronin Bridge. This will happen anytime between June 23rd and 28th.
If the land staking goes live, land owners in Axie will finally earn passive income from staking their lands. For every plot being staked, owners will receive a certain amount of AXS tokens in return. This number will vary depending on the type of land they staked.
For instance, staking a Savannah plot will grant holders 0.08 AXS every day. For a Forest plot, it's 0.26 AXS per day. Then, an Arctic plot will emit 0.74 AXS per day. This is followed by the Mystic plot which will emit 1.64 AXS per day. Finally, a Genesis plot will give out the most rewards, pouring out 32.70 AXS tokens per day.
Other than that, Axie Infinity has also completed the support article that will go along with the launch of land staking. This will help land owners to understand the ins and outs of the new feature upon launch.
What does the community say?
Clearly, the announcement is good news for land owners in Axie Infinity. However, many users are mostly concerned about AXS dumping by land owners. As of writing, it is unclear whether the AXS rewards will go through any lockup period or vesting schedule. If it doesn't, it is very likely that owners will sell off any AXS tokens they get from staking.
With so many players worried about token prices, it's nearly impossible to find anyone leaving positive remarks in the comments. But not all hope is lost. A user by the Twitter handle @_schankara_ feels pretty upbeat about the update though. He said: “I can't wait to stake my forest! That will help the land gameplay. But first, let's have a fantastic Season One for V3!"