FNC Staking - Polygon

FIP-1 Change

Polygon staking portal allows scholars and anyone to stake their In-game FNC and Polygon FNC to earn staking rewards.

Important Details

• Staking is currently available at https://fancybirds.io/staking

• Staking Pools deposits open on Saturday, June. 11th.

• Staking Rewards for Polygon Network have officially start counting on Saturday, June. 11th.

• Staking rewards will be distributed every day at 1PM UTC .

Staking information

• 1% of total supply* will be used for staking in the first year

• FNC Rewards will be vested for the first year on each claim OR:

• Rewards can be claimed as sFNC to use for in-game utility (breeding, items, tournaments, marketplace, etc). sFNC will hold an extra weight for in-game utility.

• Underlying FNC will be burned if claimed for sFNC in-game utility. This includes utility in the flagship Fancy Birds, as well as future play-2-earn arcade games on the platform. *This is an addition to FNC Staking - Ethereum

Staking & Rewards

The staking contract is inspired by the flow of both Illuvium and Merit Circle. We believe in using already robust and secure smart contracts that focus on the same vision we have for staking: allowing for a time-weighted structure for rewarding stakers. Users can choose lockups between 1 month and 12 months (locked). The longer a user stakes, the more weight they have in each staking pool for earning capabilities.

*Figures are arbitrary. Players can choose how much in-game FNC they wish to stake (minimum amount to stake is 50 in-game FNC).

Reward vesting

Since FNC will be long term token for Fancy Games DAO — as the governance token for all future games, we want to reward long term holders of the project. This is why there will be a significant amount of supply given in the first year, and also a 1 year vesting period on rewards. Guilds, scholars, and long term players are welcome to stake to earn sFNC which will be used with an extra weight for breeding and in-game usage.