Are You Ready? Kyoko’s NFT Staking Platform Goes LIVE
BIG ANNOUNCEMENT INCOMING!
Kyokoans, we’ve been moving faster than the speed of light to release our solutions to some of the biggest challenges we’ve seen in the NFT and GameFi markets. We made some big promises to you all — and we’re working overtime to deliver.
But first, back to Kyoko 101:
Kyoko’s DAO-to-DAO credit lending services offer much needed liquidity to high potential DAOs. Meanwhile, our P2P NFT lending and cross-chain asset lending platforms aim to solve the rising cost of entry and siloed in-game assets across different gamechains. Our P2P NFT lending platform is in its testnet launch and our DAO-to-DAO lending services and cross-chain asset lending platform will both be launched later in Q1 2022.
Next up, the big announcement:
Are you ready, Kyokoans?
We’ve officially launched our NFT staking platform! Any and all of you amazing NFT hodlers out there can now come to the Kyoko platform to stake NFTs for $$!
Now, because it’s just been released, there are a few things to keep in mind. We put together the answers to a few of the most burning questions on the launch. Let’s dive deep into the deets:
Q: What does it mean to stake NFTs?
A: Users can lock (or “stake”) their NFT in our secure Kyoko Vault to earn interest income. The longer they stake their NFT, the more rewards they earn.
To learn more about the power of staking and how it works, read our article here.
Q: What do I get for staking my NFT?
A: Users that stake their NFTs in the Kyoko Vault will receive rewards in return. The longer the NFTs are staked, the more rewards that will be awarded.
Our devs have been feeling downright devious lately, so rewards will be announced down the road! Do YOU dare?
Q: How do I stake my NFT?
Q: Does Kyoko’s NFT staking platform support all NFTs?
A: Our platform currently supports NFTs from the following collections: Kyoko Pawn, CryptoPunks, and Bored Ape Yacht Club. We’ll let you know as we add to this list.
Q: What if I have other questions?
A: Awesome question! Join our official Telegram or Discord to ask any other burning questions you may have! Plus, stick around for the cash quizzes every Monday, Wednesday, and Friday~
That’s about it for now, Kyokoans! Follow us at the links below for more updates on announcements and releases…otherwise, keep doin’ you and keep on keepin’ on.
Kyoko.Finance is a DAO-to-DAO and cross-chain GameFi NFT lending market for guilds and players. Kyoko’s DAO-to-DAO lending offers liquidity to promote web3 development, while its guild-to-guild lending, P2P NFT lending, and cross-chain asset lending platforms aim to solve the most pressing issues challenging the GameFi market, including the rising cost of entry and siloed in-game assets across different blockchains. Kyoko’s metaverse will also allow Guilds to display their history, progress, and other accomplishments, while players can connect with others in a world that can be built in, developed, and sold off.
Follow Kyoko at the links below to stay up to date on upcoming events, releases, and news.