Stake Decentraland NFT's for VP Rewards

by 0x216f23a92670893fa47dde34e1fa60fb011c79e4 (PFP)

Stake Decentraland, Land, L1 Wearables & Names for VP Rewards.

Duration: Staking period is 30 days minimum. All rewards will be paid after 30 days. If the NFT is withdrawn within that 30 days, staker will not be compensated.

Land Staking Rewards: 5 VP Per Land, Per Month

Name Staking Rewards: 0.5 VP Per Name, Per Month

L1 Wearables Staking Rewards Per Month:

Mythic: 5 VP

Legendary: 0.5 VP

Epic: 0.05 VP

Rare: 0.001 VP

Uncommon: 0.005 VP

This is an initiative to help boost the market & bring awareness to DCL NFT's. It was an idea I had for a while but didn't know how or when to do it. Now that we are in the bear market & there is little to no marketplace activity in the aforementioned nft classes, I figured this would be a good time. Staking feature to be implemented in Decentraland's Marketplace.

If all the NFT's were to be staked, there will be an additional 500,000 VP coming into the market every month. Staked VP will not be tradable or eligible to be delegated & once the NFT is sold all the previously staked VP that was gained/accumulated from that NFT will be lost. I believe this is a much superior model to mana staking.

Please share your thoughts.

• Yes
• No
• Invalid question/options

This proposal is summarized due to technical limitations. To view it complete and vote on it, visit the DCL DAO Governance dApp