Solice Genesis Staking set for Launch

Solice’s latest staking initiative could allow users to pick up NFTs on the blockchain that has precipitated some of the hottest NFTs around.

By
Dardania Havolli
on
January 10, 2022
Category:
Breaking News

Solice Staking Imminent  

Solice have officially invited users to stake in their Genesis Pools to receive rewards that can only be earned through the staking process. 

The official announcement is imminent and was communicated to Solana News by the Solice Team via a press release on January 9. The Solice Genesis Staking will be available for a limited time, spanning 21 days from January 10 to January 21. 

“The Genesis pool consists of ‘Epic’, ‘Legendary’, and ‘Mythic’ three different pools with different rewards, different APY, and different lock-up times. The exact rewards can be found on the pool page.” The Solice team exclusively explained.  
Source: Solice

The new staking initiative will only accept native Solice token $SLC or SLC/USDC-LP which users can acquire from providing liquidity on Orca or Raydium. 

The NFT rewards will be automatically distributed to your wallet 1 month after the pool has already concluded. LAND rewards will however be distributed later when the actual LAND NFTs have been generated. 

After the lockup period concludes the staked tokens + APY reward will be given out to the relevant staker’s original wallet. 


How to Stake

The following instructions will show you how to stake your tokens for rewards:

  1. Access the following link
  2. Connect your phantom or another compatible wallet
  3. Select the appropriate pool you wish to stake in
  4. Input the amount of $SLC and/or SLC/USDC-LP you wish to stake. Select Orca or Raydium depending on the type of SLC/USDC-LP tokens you have
  5. Finally, click ‘stake’.


What is Solice?

Solice is a VR Metaverse built on the Solana blockchain. Solice elevates the metaverse experience to the next dimension by providing top-quality infrastructure with next-level, immersive life-like visualizations. The protocol is where virtual worlds, NFTs, and communities intersect, with the aim to improve the overall user experience, connecting them through interoperability across the metaverse. The project recently began the first phase of its roadmap. The project had a funding round enviable to most protocols. The backing was led by Zhu Su’s Three Arrows Capital, DeFiance Capital, and Animoca Brands. Alameda Research, Jump Capital, Genblock Capital, KuCoin Labs, Solar Eco Fund, CMS Holdings, and Rarestone Capital were also involved.

Where to find more about Solice:

Website | Twitter | Telegram | Discord | Medium | GitHub |

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Dardania Havolli

Dardania is an experienced researcher, editor and writer who is currently completing his PhD in Creative Writing. He is passionate about blockchain technology and the impact it will go on to have on our lives.