Staking and Liquidity Mining
Last updated
Last updated
Back on December 20th, 2021, we introduced , giving the Wilder Nation an opportunity to earn yield and deepen their commitment to the WILD economy. Since launch, we’ve distributed millions of WILD to users who staked their tokens or provided liquidity through Uniswap.
Now we’re entering a new and exciting chapter with the : a faster, cheaper, and purpose-built chain that will power the next era of Wilder World’s economy.
The Z Chain mainnet release happened in early February, and we are now in the process of transitioning a number of key systems and protocols to the chain, including our new staking and rewards systems.
Over the coming months we will phase out and deprecate the current Wilder World staking system, for both WILD and LP staking, and transition staked assets to Z Chain. This will enable fast and cheap deposits, and withdrawals, solving the multiple ‘deposit / withdrawal’ issue that has become prohibitively expensive for many on Ethereum L1. We know this has been a big issue for many Wilders and we are excited to almost have it resolved!
Prior to this system going live, rewards emissions will be reduced, in preparation for more faucets and sinks going live in the game, with the launch of the next version of Metropolis. We believe this change will be a positive change for the project and improve our token economy. All time-based locks will be reset at this point, ensuring that anyone is free to withdraw their tokens, even if they had previously entered a long-term lock in exchange for increased rewards.
The migration to Z Chain is being handled natively by the protocol. Wilders will not need to manually unstake or restake. All currently staked WILD and LP positions will be transitioned in the background, minimizing disruption and transfer costs to users.
Once the transition is complete, all staking-related interactions, including deposits, withdrawals, and reward claims, will occur on Z Chain. This eliminates the need for expensive gas fees associated with Ethereum L1 transactions.
The total rewards rate across both WILD and LP staking will soon be reduced to 10-30% of current levels. This reduction is intended to help control token inflation and support the long-term sustainability of WILD. APR will remain dynamic, adjusting automatically based on the total amount staked in each pool. While the emission rate will reduce, the goal is to make it dynamically adjustable in the future, based on protocol conditions.
In the current system, any claimed staking rewards are automatically locked for 12 months before they can be withdrawn to your wallet. This mechanic will be removed entirely after the migration to Z Chain.
Once the new system is live, all previously locked rewards, regardless of when they were claimed, will become immediately withdrawable. No tokens will remain locked based on past reward structures. This gives all Wilders full access to their tokens, regardless of their original lock duration, without reducing or removing the significant benefits for time-based locking.
Wilders can continue to stake on the Wilder World staking site until the migration to Z Chain is initiated. Whether you're a seasoned investor or new to Wilder staking, this guide will walk you through everything you need to know to take full advantage of the new rewards system. Dive in and experience the enhanced wave of profitability with Wilder World.
By connecting your wallet to the staking portal, you can easily monitor your accumulated rewards on the 'My Deposits' page. While rewards can be claimed at any time, please note that each claim transaction will incur gas fees. Once claimed, the rewards are locked in the $WILD staking pool for 12 months, compounding your earnings and ensuring long-term growth. After the 12-month lock period, rewards can be withdrawn to your wallet.
Importantly, while the rewards are locked for one year, your initial $WILD investment remains accessible. This flexibility allows you to make deposits and withdrawals at your convenience, giving you full control over your investment. Manage your $WILD tokens as you see fit, taking advantage of this opportunity to maximize your earnings with ease.
LP farming, also known as yield farming, involves adding liquidity to a pool by depositing equal amounts of two different cryptocurrencies. In Wilder World, this means depositing equal dollar values of $WILD and WETH.
One of the significant advantages of LP staking is the higher APR it offers compared to single $WILD staking. However, it does come with the potential risk of impermanent loss, which occurs when the value of the deposited tokens changes relative to each other.
Navigating the Staking Site: Pools and Deposits The Wilder World staking portal offers a range of features designed to enhance your staking experience. On the main page you will see two options, “Pools” and “My Deposits.” The “Pools” tab includes the available staking pools - $WILD staking and LP Farming - with current % APR and the option to "Stake" your tokens.
Once your wallet is connected, the “Deposits” tab will show the dollar value of your total stake, the number of pools you are staked in ($WILD and/or LP), as well as individual staking deposits and claimed rewards, that are associated with the connected wallet address.
Step 1: Go to the Pools tab on Wilder World Staking Site and connect your wallet.
Step 3: Enter the amount you would like to stake and click the “Stake x# WILD” or “Stake x# LP” button at the bottom. Step 4: If this is your first time staking, you will need to give permission for the Staking Portal to access your $WILD or LP tokens. To approve the interaction, press “Confirm” on the bottom left of the browser screen. This will incur a one-time transaction fee. Step 5: To complete the staking process, you will need to approve one more transaction in order to interact with the blockchain. To approve the transaction, click “Confirm” on the bottom right side of the pop-up. This will incur an additional gas fee. Step 6: Once your transaction has been approved, you will see a confirmation banner on the pop-up screen to confirm your deposit. This can now be seen on the “My Deposits” page.
As previously noted, rewards for both $WILD staking and LP farming are distributed in $WILD tokens. The 12-month lock period for rewards begins once the rewards are claimed, after which point they can be withdrawn into your wallet. Step 1: To claim your rewards, connect your wallet to the staking portal and click the three dots on the right side of your $WILD or LP deposit. Select "Claim Pool Rewards".
Step 2: A pop-up window will display your claimable rewards. Click "Claim" to open the confirmation popup. After confirming, you will be prompted to sign into your wallet to approve the transaction.
Step 3: Go to the "Deposits" page to view your claimed rewards and their respective 12-month unlock dates. Once these dates are reached, the rewards will be available for withdrawal to your wallet.
Although your $WILD rewards are locked for a year, your initial $WILD and LP deposits can be unstaked at any time.
Step 1: To unstake your deposit, click on the 3 dots next to your $WILD or LP balance and click "Unstake Deposit".
Step 2: A pop-up window will prompt you to enter the number of $WILD or LP tokens you wish to unstake. After entering the desired amount, click “Unstake x# WILD” or “Unstake x# LP” to open the confirmation popup.
Step 3: After confirming, you will be prompted to sign in your wallet to approve the transaction.
The system will be rolled out in phases to ensure stability and security, and we recently completed our final audit with . Users will be notified ahead of time when the migration is set to occur.
Related to our future rewards systems, we want to hear from you! Our current focus is to supercharge WILD token utility and drive demand, while reducing the supply as the metaverse begins to roll out. As part of this process we want to collect community feedback based on the V2 rewards experience before launching any new reward systems. If you’d like to share your feedback, please do so via this Typeform: .
LP tokens staked in the WILD/ETH pool will remain bound to Ethereum mainnet. Z Chain will not host the liquidity pool itself but allow L1 LP tokens to exist on Z Chain.
If a user wishes to remove their LP stake after migration, they must bridge their LP tokens from Z Chain back to Ethereum, and manually remove their liquidity from Uniswap on L1. Instructions on how to remove V2 liquidity on Uniswap can be found .
$WILD token staking offers a straightforward and efficient way to progressively earn $WILD rewards. By depositing your $WILD tokens onto the , you enable them to accumulate rewards over time. The amount of $WILD rewards you earn will fluctuate based on the current APR of the staking pool. Higher demand in the pool results in a higher APR, increasing your potential earnings.
Once these assets are paired on , you receive LP tokens, which represent your share in the pool. These tokens, which act as a receipt for your deposit and signify your stake in the liquidity pool, can then be staked on the to earn rewards. Similar to single staking, the rewards from LP farming are paid in $WILD and fluctuate based on the current LP APR. The more LP tokens you stake, the greater the rewards will be. $WILD rewards earned through LP farming can be claimed at any time. Upon claiming, the rewards are locked in the single staking pool for 12 months, enabling them to compound. After the one-year lock period, the $WILD rewards can be withdrawn to your wallet. Although rewards have a lock period, the LP tokens remain accessible and can be withdrawn at any time, providing you with flexibility and control over your investment.
Step2: Click “Stake” in the “Stake WILD” row to stake your $WILD tokens, or in the "Farm WILD-WETH LP" row to stake your LP tokens. For detailed instructions on generating LP tokens, please refer to our page.
