Asset Staking

Staking is an important feature offered by Cyclops Game, it is core functionality, other features depends on

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Staking

Staking is an important feature offered by Cyclops Game, though it is not a main feature, it is a feature in which other features depends on. It serves as a complementing mechanism for their functionalities of those features.

For instance, Block of Fame uses a Staking-Voting mechanism to rank famers on the Block of Fame board. The ranking of a famer is equivalent to the amount in cryptocurrencies locked up in the famer’s unique digital representation.

The Tournament also uses an Asset staking-supply mechanism to manage the supply of assets. Assets locked up in the staking vault are made available digitally to game players. The functionality of both the Block of fame and The Tournament will be later discussed.

Mainly, the staking rewards are paid in CYCR, the cyclops rewards token. The pool, distribution and staking lockup period will be covered next.

Staking Pools available:

The staking pools that are available on our staking app are discussed below. Their respective rewards distribution and lockup period are also presented.

1.Tournament Asset pool:

This allows users to stake their assets (game characters) and get rewards. Only game assets are required to be staked in this pool.

What can be staked

Reward Allocations

Lockup duration

Any game character (NFT) can be staked in this pool

Total amount of rewards is 40 CYCR per month

30 days

2.Block of Fame (BoF) Pool:

This allows users to stake the following individual tokens and also vote for Famers.

What can be staked

Total Reward Allocations

Lockup duration

CYTR

40 CYCR per month

30 days

CYCR

40 CYCR per month

30 days

ETH

40 CYCR per month

30 days

USDT (ERC20)

40 CYCR per month

30 days

3.Hephaestus Furnace Pool:

This allows users to stake uniswap liquidity tokens. The liquidity pairs that can be staked in this pool are:

What can be staked

Reward Allocations

Lockup Duration

CYTR-ETH Pair

60 CYCR per month

30 days

CYCR-ETH Pair

60 CYCR per month

30 days

CYTR-CYCR Pair

60 CYCR per month

30 days

In this, only uniswap liquidity token for the respective pairs can be staked

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