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.

2.Block of Fame (BoF) Pool:

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

3.Hephaestus Furnace Pool:

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

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

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Last updated 3 years ago