Pet Pools, Pet Farms & Pet Vaults Have Arrived!
13 December 2021 — One of the biggest milestones on the PolkaPet roadmap is now ready for our community to use, welcome to the PolkaPet DApp! The new DApp, in collaboration with Solarbeam, will allow holders of our $PETS token to stake, earn and farm for $PETS and even other PolkaPet World partner tokens! What’s more you can win exclusive NFTs through staking, including the new Solarbeam ProtoPet character!
The opportunity to earn will come in the form of pet pools, pet farms and a pet vault with varying vesting rules and periods. Continue below for a detailed look at each of the three products and some of the rewards they will offer.
The first offering from the PolkaPet DApp is our Pet Pools, featuring the chance to stake tokens to receive exclusive NFTs. Users will stake $PETS, or the token of a participating partner, for a specified period of time which will then unlock the opportunity to win a unique NFT (such as a ProtoPet). These NFTs will often offer utilities on partner platforms and in most cases, PolkaPet World.
Our first Pet Pools collaboration is with Solarbeam and winners of their ProtoPet NFT will get access to an exclusive staking pool.
The chance to win a Solarbeam ProtoPet is easy! Simply stake a minimum of 10 $SOLAR tokens for 14 days in the PolkaPet DApp’s Solar staking pool.
The 200 largest stakers in the pool will receive access to win 1 Solarbeam ProtoPet NFT, while the remaining participants in the pool will have a chance to win one of 200 Solarbeam ProtoPet NFTs through a random lottery. Please note that eligibility to win the Solarbeam ProtoPet is lost for those that exit the pool prior to the 14 day staking period and eligibility will be monitored throughout the lifetime of the pool. In addition, there is a 2% early exit fee if your $SOLAR tokens are unstaked prior to the minimum staking period of 14 days.
The lottery will be conducted by a third-party adjudicator, PromoVeritas. Once the 200 random winners are selected, they will be able to receive their Solarbeam NFT through a claim process on the PolkaPet DApp. Solarbeam will still be veiled in it’s box, finally revealing itself to 400 individuals one week later! Please note: during this seven day waiting period, your Solarbeam ProtoPet will be permitted to trade on secondary markets.
Location: PolkaPet DApp / https://dapp.polkapet.world
Quantity: 400 Special Edition Solar ProtoPet NFTs are available.
Next up are our Pet Farms, creating various ways to earn $PETS tokens by staking select liquidity pairings. The farms will have no required staking period and no fees to participate.
The initial Pet Farms will be the following pairs, earning you $PETS:
The final offering from the PolkaPet DApp are the Pet Vaults, where you can stake $PETS tokens to earn even more $PETS. The initial vault will have no minimum staking period and participants will start earning an APR immediately. The vault(s) will be a great short term option to earn more $PETS and the ability to stake one token, $PETS, instead of a pair like in our farms.
As our PolkaPet and ProtoPet communities continue to grow and our partnerships expand, the PolkaPet DApp will have more and more opportunities for our loyal fans to earn an array of rewards. We are excited for our next announcements and you should be too! Be sure to follow our social media channels to get the latest updates.
About PolkaPet World
PolkaPet World is an NFT project created by Bondly in partnership with some of the biggest names in the Polkadot ecosystem. Each PolkaPet is embodied as an artistic creature that represents a specific Polkadot project.
All PolkaPets hold unique project-specific utility to reward community members for holding their PolkaPet NFTs in their wallets. The utility can be a discount on fees, an airdrop of tokens to PolkaPet cardholders, or various other utilities.
The $PETS token is the utility token used to engage with PolkaPet World products and services, as well as allowing governance rights and access to exclusive sales.
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