New Staking Pools Launch on Ethereum: A Deep Dive into DYP enhancements

June 7, 2024

As we continue to enhance the utility of the $DYP token within the World of Dypians ecosystem, we are excited to announce a significant update that aims to reward our community members more than ever before. The recent surge in staking for $DYP has inspired us to direct 100% of the revenue generated from Dragon Ruins, Golden Pass, and Puzzle Madness towards three new staking pools. These pools will be hosted on the Ethereum blockchain, ensuring wide accessibility.

Revamping Rewards: How It Works

The revenue from the aforementioned activities within the World of Dypians will be funneled directly into three new staking pools. Each pool is designed to distribute rewards that correlate directly with the activities’ popularity and revenue generation. This dynamic allocation not only maximizes the potential returns for token stakers but also aligns the interests of the stakers with the activities of the broader ecosystem.

Proposed Staking Scenarios

To ensure that these new pools are tailored to meet community expectations and sustainability goals, we have developed two scenarios based on the inflow from bundle sales. These scenarios have been crafted with care by the Dypius Team and will be put forth for community approval through a Governance Proposal.

Scenario One:

  • 8% APR Pool: Capped at 1M $DYP, with a lock time of 30 days. — $DYP Deposit & $DYP Rewards
  • 20% APR Pool: Capped at 500K $DYP, with a lock time of 120 days. — $DYP Deposit & $DYP Rewards
  • 25% APR Pool: Capped at 625k $DYP, with a lock time of 90 days. — $DYP Deposit & iDYP Rewards

Scenario Two:

  • 12% APR Pool: Capped at 700K $DYP, with a lock time of 60 days. — $DYP Deposit & $DYP Rewards
  • 16% APR Pool: Capped at 500K $DYP, with a lock time of 90 days. — $DYP Deposit & $DYP Rewards
  • 25% APR Pool: Capped at 625k $DYP, with a lock time of 90 days. — $DYP Deposit & iDYP Rewards

All pools will be available for 1 year.

For the pool with $DYP Deposit & iDYP Rewards, there was a snapshot for both $DYP and $iDYP, at the prices of 0.048$ respectively 0.0015$, therefore for a 25% APR, the ratio for 1 $DYP staked will be 8 $iDYP received.

Engage and Vote

Your participation is crucial. The Governance Proposal will determine which of these scenarios will be implemented. We encourage every stakeholder to review these proposals carefully and participate in the voting process.

Looking Forward

These enhancements are designed to foster a more vibrant and engaged community. By directly linking staking rewards to the success of key activities within the World of Dypians, we are ensuring that our ecosystem not only grows but thrives.