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KOD holders are now able to stake their NFTs for rewards that impact their gameplay, ability to accumulate XP to move up the leaderboard, earn scarce NFTs and earn $DGEN.
The reward for Phase 1 Staking in the Pre-Season is Degen Quarters.
How to Stake & Bake
1) Receive Degen Deed
Degen Deeds were airdropped to every Knight wallet via Polygon. As such, it's likely hiding in your OpenSea hidden folder. As always, please be extremely careful when interacting with your hidden page.
2) Access the Staking web app
3) Connect wallet containing KOD assets
4) Select the Knight(s) and Steedz you would like to stake to your Deed(s)
Bonus: Staking a Steed with a Knight will generate a bonus at the end of the staking period
Additional Details:
Staking with KOD is gasless and is done in a way often referred to as "soft-staking"
Owned assets will not leave your wallet and will not require any transaction
Knights (and Steedz) must remain staked for 60 consecutive days during the Pre-Season Baking period
Listing and/or selling a staked Knight will reset the counter
Re-staking a Knight will result in the counter being set to “Day 0”
After 60 consecutive days of staking, Deeds will become “fully baked”
“Fully Baked” = eligible for a 1:1 exchange of a Degen Quarter during the redemption period taking place at the end of the Pre-Season
What are Degen Quarters?
Every Knight needs a place of their own.
Degen Quarters is a space for Knights to call home.
The Degen Quarters serve three (3) primary purposes:
1) Staking all of your KOD NFTs after the initial Degen Quarters redemption period. Without a Degen Quarters, you cannot stake the NFTs you acquire from the Degen Kingdom.
2) Earn rewards from staking like future NFTs and gameplay multipliers.
3) A 3D customizable space where you can display your NFTs, host others, and recharge from competitions in the Degen Arena.
Acquiring Degen Quarters
Post-snapshot (see above announcement): Degen Quarters will be sold individually for a limited time at the end of the initial “Pre-Season Baking” period
What happens after the initial staking and redemption period for Knight Quarters?
The Pre-Season Baking period for Deeds/Degen Quarters will be open until Season One begins (Fall ‘23)
The exchange period of Degen Quarters for Knights/Duke/Noble/Royal Quarters will take place in the final weeks of the Pre-Season
This will function as the official first mint of the tiered Degen Quarters
After Season One begins, there will be only two ways to obtain Degen Quarters:
Purchase on a secondary marketplace
Earn and/or acquire as rewards from the exchanged supply held by the Treasury - Virtual, 3D interactive functionality will be added over time