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Single-sided staking offers flexibility, allowing unstaking at any time and rewards paid once every seven days.
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The public sale of Gen-0 NFTs on this platform sold out in just 80 seconds.
DeFi Land, a multichain GameFi platform and farming simulator, has announced the launch of a long-awaited single-sided staking feature that brings instant rewards to the decentralized gaming space.
According to a press release covered by CoinJournal, the platform—known for combining DeFi mechanics with gamified gameplay—said its public sale of Gen-0 NFTs sold out in only a few minutes.
The web-based game simulator reports that with single-sided staking on DeFi Land, users can stake the native DFL token and take advantage of an “instant claim available rewards” function. This single-sided option generates rewards by the second, meaning investors can realize returns on their positions more quickly thanks to the increased flexibility.
DeFi Land explains that token holders can claim rewards once every seven days, while the locked staking period for DFL ranges from 0 to 104 weeks. The longer the staking duration, the higher the APY (annual percentage yield) will be.
Additionally, long-term stakers may qualify for free non-fungible tokens (NFTs) and can be added to whitelists for future project drops and releases.
Users can stake DFL either through the DeFi Land website or directly within the game interface.
It’s also notable that DeFi Land completed the sale of its Gen-0 NFTs, which grant holders access to the game’s play-to-earn (P2E) features. The team said 7,500 NFTs were reserved for whitelist participants, and due to heavy demand, the public sale sold out in just 80 seconds.
This gamified decentralized finance platform launched a beta mainnet in Q3 2021 and supports integrations with multiple ecosystems, including Orca, SolFarm, and Sabre. The team also plans to launch an NFT marketplace and continue expanding integrations on the Solana network.