DeFi Kingdoms Serendale 2.0 Farming Rewards Launch

Relaunch of DeFi Kingdom Serendale on Klaytn.

DETAILS

• DeFi Kingdom Serendale is being re-launched on Klaytn with updated JADE tokenomics and JEWEL ‘splittening’
• DeFi Kingdom is a cross-chain fantasy RPG P2E game with swap, farming and playable NFTs elements
• The game consists of multiple realms – Serendale on Harmony & Klaytn, Crystalvale on DFK chain
• JEWEL is the ecosystem token used for in-game power-ups, fee distribution opportunities, liquidity pooling, and governance rights
• Each realm has its own dedicated Power Token, which is used for all game transactions (buying Hero and Pet NFTs, summoning new Heroes and hatching Pets, leveling Heroes)
• CRYSTAL is the Power Token of Crystalvale, and JADE is the Power Token of Serendale
• In “The Splittening,” locked JEWEL tokens from Serendale Harmony will be redistributed as JEWEL, CRYSTAL, and JADE tokens on the DFK chain and Klatyn
• Available LP pools include; JADE/JEWEL, JADE/KLAY, JADE/AVAX, JADE/oUSDT, JADE/oBTC, JADE/oETH, JEWEL/KLAY, JEWEL/AVAX, JEWEL/oUSDT, JEWEL/oBTC, JEWEL/oETH
• Players stake LP tokens in LP pools (Garden) to earn JADE token rewards
• How to particpate;
  • purchase JADE, JEWEL tokens on the built-in DEX
  • add liquidity to available LP pairs
  • stake LP tokens in the Garden (LP pools)
• JADE rewards are released in epochs of 1 week duration – 5% in epoch 1 and increases by 2% each epoch
• A percent of rewards are unlocked at a time, and unlocked rewards go directly into the player’s wallet and locked rewards remain locked until the end of epoch 51 (approx. November 30, 2023)
• Locked rewards will begin unlocking at that time over the following 52 epochs
• Emission schedule for JADE will be the same as that for CRYSTAL
• More information about the emissions can be found here