Stake-and-Earn
Staking is a way of earning rewards for holding a specific amount of $COPI tokens in staking pools for a predetermined period of time.
This allows users to gain a return on assets, which would otherwise be unproductive by just staying in wallets.
Types of Staking
There are currently two types of staking available:
Token Staking
Players can earn rewards for staking $COPI.
Using Decentralized Finance (DeFi), players can purchase tokens, then lock them in a staking pool for a set amount of days.
In return, players will have access to various rewards depending on how much they stake and for how long.
Rewards include:
- $COPI rewarded for yield farming and traditional staking
- NFT rewards (kept in wallets, traded, or sold for real-world value)
- Access to exclusive in-game areas
NFT Staking - Properties
Players can earn rewards for staking specific NFTs and locking them to another NFT.
Districts
In each Themed Zone, there are Districts that contain land plots owned by players.
Districts are given daily rewards based on the performance of their residents.
Rewards are split into two pots (see Tokenomics):
- District land property owners reward pot
- District tenant rewards pot
Land Property Owners
Land property owners receive a percentage of the district’s rewards based on the number of tenants they have.
To become a property owner, you need to purchase a land property NFT.
Example:
If a district has 80 residents and one property contains 10 residents, that property owner receives 12.5% of the reward pot.
Formula: Individual Land Property Owner Rewards = Total District Residents divided by Individual Property Tenants.
Property Levels
A property can be upgraded to increase the number of tenants.
This increases the potential population of a district.
Becoming a Tenant
To become a resident of a district:
- Find a property within a district that has room to rent.
- Use the property web portal on the Cornucopias website.
- Stake your Seasonal Tenant Key NFT to that property.
Property Tenants
Property tenants also receive a percentage of the rewards.
To become a tenant, you need a valid Seasonal Tenant Key NFT.
Example:
If a district has 80 tenants, each receives 1.25% of the tenant reward pot.
Formula: Individual Tenant Rewards = 100% divided by Total District Tenants.
NFT Staking
NFT Staking is another way to earn $COPI and in-game rewards by staking your NFTs.
- Similar to Cardano ADA Staking, NFTs do not need to leave your wallet (beware of scammers).
- The rarity of an NFT may affect rewards.
Examples of stakeable NFTs:
- Themed Zone Land
- Flying Vehicles
- Custom Dome Land
NFT Land Staking Note
Other NFT staking options will appear in the future watch this space.
Rewards
Cornucopias incentivizes participants via a reward pool.
- Which actions are incentivized and reward amounts will be decided by governance.
- Rewards are distributed from a fixed supply pool.
Rewards include:
- $COPI
- NFTs
- In-game resources