In a grand new addition to its metaverse empire and as part of its initiative to move away from Ethereum Mainnet, The Sandbox is introducing Polygon staking into the mix. Now, users of the platform can stake $SAND – $MATIC pairs in order to earn a share of the staking pool.
As of December 17, investors can supply Liquidity Provider (LP) pairs, in order to receive a share of a weekly distributed fund. For the first month of this fantastic opportunity, users will receive a share of 500k per week. However, following this period, the figure will reduce to 300k.
In order to participate, users must first acquire $SAND tokens on the Polygon network, then use the Quickswap application to create $SAND – $MATIC Liquidity Provider (LP) pairs. Once achieved, they can then navigate to The Sandbox native staking pool and contribute to the cause. Rewards are then distributed pro-rata based on the user’s liquidity provided over the course of one month.
— The Sandbox (@TheSandboxGame) December 16, 2021
For the moment, participants must acquire $SAND tokens via the Polygon network. However, future developments will see the creation of a bridge between Polygon and Ethereum to allow the transfer of $SAND tokens between networks.
Create $SAND – $MATIC LP pairs on Quickswap >> Here
Stake on The Sandbox >> Here
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