What is @DefiKingdoms (DFK) & how will it revolutionize the way we perceive NFTβs?
Letβs begin... βοΈπ
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π At itβs core DFK is a Decentralized Exchange (DEX) & Liquidity Pool (LP) disguised as a pixelated fantasy game with limitless potential
π They released in Q3 β21 with the 2k mint of their Gen 0 Heroes
π There is no hard-cap on quantity of heroes
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π DFK accomplishes this through the exchange of their native NFT - DFK Heroes
π Heroes can be purchased with DFKβs governance token $JEWEL
π Stay tuned for the tutorial on how to get your very own Hero
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π Before we get into $JEWEL letβs take a look at The World of Gaia
π Gaia prospered for centuries & acquired immense technological advancement before falling victim to greed
π Those who held true to Gaia were granted safe passage into The Inner Grove...
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π Irae, The God of Renewal, could no longer bare mistreatment of Gaia & decided to separate the continent by vast oceans - putting a halt to their progress
π After many millennia apart the land & people are slowly returning to the old harmonious balance of peace & love
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π Kingdoms, once continents, are now connecting with neighboring kingdoms
π Though they may differ, they all have one thing in common, a connection to the life giving land they inhabit
π This land provides a special crystallization key that powers their economy $JEWEL
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π $JEWEL is a multi-purpose, utility driven, governance token
π $JEWEL can be used to purchase Heroes, Kingdoms (TBA), & used for LPβs to earn yield through staking
π $JEWEL is essential for DFK, it will play a massive role in its success
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π First you need $JEWEL then weβll get into how you can utilize this valuable asset
π Acquire $ONE (KuCoin) β‘οΈ send to MM Harmony address (plug MM address in harmony explorer) β‘οΈ head to the marketplace on DFK and exchange $ONE β‘οΈ $JEWEL
π Speak to the trader
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π Now that you have $JEWEL you can earn yield from two ways, The Garden & The Bank
π Both provide amazing opportunities but which path you will choose will be up to you - I will go into brief detail below but please DYOR
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π The Garden will provide you an array of LPβs to stake and earn high % yield - subject to IL (Impermanent Loss) & lock periods that will be released over time (refer to WP for epochs)
π Rewards will be released as epochs pass & fees vary on time of withdrawal
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π The Bank provides a unique alternative option - Single Sided Staking
π There are no locking periods or withdrawal fees at the bank & 1/3 of all transaction fees accumulated in DFK will be divvied to Bank stakers (including Land Plot sales)
π Visit Ian at the Bank π°
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π When you stake $JEWEL you will receive xJEWEL in return
π xJEWEL will always be more valuable then JEWEL, the ratio is always increasing - this is how you earn yield
π FWIW rates at the Bank are less than the Garden, but no lock period or fees...
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π DFK just accomplished an amazing achievement - $250m TVL π₯π₯
π As DFK gets more exposure $JEWEL will be more sought after
π $JEWEL is up 45% in the last week with a MC of $350m
those who think theyβre late to dfk need to take a hard look at this, crystalvale will be a βresetβ for all starting back at ground zero, we havenβt seen land plots, equipment, guilds, PvP/E, advanced questing...
made this dope graphic today for a visual representation for whatβs to come in dfk, when you get rare loot on adventure quests or craft some new armor/weapons how will that effect your hero? Yes stats will help from leveling but what may differentiate the best is rare equipment
This guide will go over the basic process in order to summon your very own Hero, while providing the necessary information to extract as much value out of the process
Letβs begin... βοΈπ
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π Not all Heroes are created equal, you must keep this in mind in order to pinpoint value when you spot it
π In order to summon, your Hero must possess summoning power (located at bottom of card)
π The resources necessary to summon will vary based on multiple factors
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π Summons will determine the qty of times you may summon
π When it reaches 0 you can no longer summon
π All gen0βs have unlimited summons with a cool-down period that increases 4 hours with each summon
π All remaining gens will have a cool-down period of 4*HeroesGen