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Home All Events DeFi Kingdoms Serendale 2.0 Farming Rewards Launch

Date

Dec 08 2022
Expired!

TimeUTC

10:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Dec 08 2022
  • Time: 5:00 pm

Status

Active

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
Links & Resources
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Blockchain

Klaytn

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