CIP047 - Sandbox Staking
The sandbox started a new staking program for land owners. We have 9 land plots so we can stake 4500 SAND which = about $3935 with 389% APR.
Sandbox has been more or less holding the line on price action since May. It seems to have strong, long-term support at this price point for now.
As we don't have any SAND at the moment, it would be purchased from our stablecoin reserves.
What are our thoughts on this?
Off-Chain Vote
For
17.96K vCLAM99.7%
Against
56.32 vCLAM0.3%
Abstain
0 vCLAM0%
Timeline
Sep 27, 2022Proposal created
Sep 27, 2022Proposal vote started
Sep 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated