Up to 600% APR for LAND in the Sandbox
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An editor at Coincrop
23 Sept 2022 | 2 min read
hose who link their TSB LANDs to Polygon will be able to join the new SAND staking program starting September 22nd 2022. The process is as follows: holders may stake up to 500 SAND per LAND, giving them a return on investment of more than 600%.
For the first 12 weeks of the program, they will be allocating 250,000 SAND per week as staking rewards. Owners don't need to stake LAND, however, they have to stake SAND.
Before joining the staking pool, however, they must first transfer their LAND and SAND to Polygon. There's no waiting period once they do so, owners can claim their rewards but only ONCE per week.
Due to the new staking program, weekly rewards for participants in both the SAND and SAND-MATIC pools have been cut down to 250,000 SAND and 75,000 SAND.
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