The Sandbox, a top-tier virtual environment, has announced a big change to its Polygon staking mechanism. Users can stake mSAND (SAND on the Polygon Network) on the platform right now.
Polygon staking was introduced to the Sandbox in December, letting users to earn yield by staking mSAND–Matic pairings. However, because to Biconomy’s pioneering work, they may now get right in and stake the mSAND directly, while still enjoying cutting-edge gasless transactions.
Users must first get their SAND onto Polygon before they can begin. The Sandbox has created a nice bridge that sits neatly in the interface to accomplish this. It does, however, require a fast log on in order to appear. Once the funds are in place, a simple staking technique will ensure that the mSAND earns a nice return.
The Sandbox will give 500k SAND every week as staking rewards for the first 28 days, with a system allowing stakers to claim rewards once every seven days. Following this “honeymoon” phase, the platform’s distribution will be in line with the rest of it.
On the Polygon network, The Sandbox will continue to allow direct staking and mSAND-MATIC pairs. SAND-ETH staking on Ethereum, on the other hand, will be discontinued at the end of February.
Overall, it’s a straightforward and painless way to get more out of the great SAND utility token. Keep an eye on The Sandbox’s Twitter feed for more staking news.
To learn more about The Sandbox, check out the following links:
Website: https://www.sandbox.game/en/
Twitter: https://twitter.com/TheSandboxGame?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Medium: https://medium.com/sandbox-game/introducing-sand-staking-on-polygon-462a671e8a9d