[Axie] Land Staking
An overview of Land Staking Progress
This post will give an overview of the progress around Land Staking.
Land Staking is an initiative designed to increase ownership of AXS among our landholders. Our vision for Land is immense and while our land holders patiently wait to get their hands on Land, we want to make sure that their long term outlook is rewarded with more ownership and influence over our collective ecosystem.
So far we have:
Progressed in the design and development of the user experience for land staking.
Started development of land staking smart contracts in collaboration with Owl, a devoted community member and world-class smart contract developer.
Modeled out an emissions schedule for Land staking. We have allocated 337,500 AXS per month for this initiative. You can find a detailed breakdown of the emission structure below.
Moving Towards More Active Staking
Within the ecosystem, our goal is to incentivize the community to work and play with each other and alongside Sky Mavis to create shared value. We intend to roll out a number of programs that reward community members for doing anything from bringing members into the community, building tools, enhancing our game experiences, creating content, or any of a number of activities we believe will grow and sustain our ecosystem. We want those who contribute their time and effort to the community to own AXS, as we want those who contribute to be rewarded and have influence over future Community Treasury decisions.
Given our longer term aspirations above, we intend to add engagement and gameplay requirements to the claiming of rewards in our ecosystem over time. In other words, Origin, Land, AXS staking, and any other future experiences will evolve towards requiring active gameplay and contributions to receive rewards, to better align incentives and make sure that rewards are encouraging actions that are beneficial to our digital nation.
As it specifically relates to Land, once any type of gameplay for Land is released that can support token rewards, these Land Staking rewards will transition to be rewarded through active gameplay. This program is an interim solution to ensure that distribution of ownership of the Axie universe continues while key gameplay features are being built out.