World of Defish Staking to start on September 20
Players will be able to stake $WOD tokens in various different pools, while using fish NFTs to get APR bonuses.
The Defish team has announced that staking for World of Defish, a play-to-earn underwater-themed metaverse, is set to start on September 20.
There will be a couple of different staking pools, with each having a minimum amount needed to stake $WOD, the governance, reward and utility token of the blockchain title. Each pool allows a certain amount of tokens to be staked and every pool lasts for a certain period of time. Once a pool reaches its limit, players will no longer be able to lock any more tokens to stake in that particular pool.
Aside from staking the BEP-20 cryptocurrency, players will also be able to put a certain number of fish NFTs, each of which will have two new stats: HP and APR. This means that these NFTs provide an APR bonus while they’re still alive. Once they run out of HP from all the damage dealt in the pool, they will end up getting burned, but players can choose to place another fish if they so wish, though there is a limit to that as well, so eventually it may no longer be possible to throw in more fish. The amount of damage inflicted on a fish varies from pool to pool.
At the end of the Medium post discussing these staking mechanics, the developers revealed that they plan to release a video that will explain these mechanics ahead of the feature’s release.
World of Defish is available on the BNB Chain and can be played directly from the game’s official website.