Uncovering The Vault: Project SEED’s Unique In-Game DeFi
Our GameFi 2.0 system is built to facilitate smart and user-centric financial mechanisms that provide seamless gamification for our players in the Project SEED ecosystem. Today, we are pleased to introduce an essential concept in our GameFi 2.0 — The Vault, opening new portals to an innovative decentralized finance model for games. This offers even more opportunities for players to generate in-game benefits, made possible by Project SEED’s unique blockchain-powered financial instruments.
What is The Vault?
The Vault is Staking Dashboard that helps users manage their assets easily in Project SEED Staking. Users will be able to interact with Staking Contract, Bridge Contract, and other DeFi related activities.
It is built to create a balance between supply side and demand side. We are allocating a portion of Project SEED community token supply for Staking Reward and LP Staking Reward, and this system will provide incentives for holders to hold their tokens from the early stages of the project. The Vault mechanism helps maintain the token’s circulation supply while also maximizing the utility of the token for users.
Types of Vaults
There are Single Token and Liquidity Token Vault in the Project SEED DeFi ecosystem.
Single Token Vault is used for staking SHILL Token; and Liquidity Token Vault is for staking Liquidity Provider Token such as SHILL-SOL, SHILL-BNB, SHILL-USDC, or SHILL-BUSD. These tokens can be obtained from the supported Decentralized Exchanges (DEXes).
Types of Staking Periods
In the Flexible Periods, users can withdraw (unstake) their token on-demand whenever they need it. Flexible Staking Unlock (withdraw) will involve Unlocking (withdrawing) time.
In the Locked Period, to incentivize our strong holders, players and believers that are willing to hold for a longer period of time, you can lock your token up to 12 months. This Locking Scheme will give additional rewards depending on the length the token is locked.
Stay tuned for our upcoming IDO. Follow Project SEED for more exciting news and updates: