In a grand new addition to its metaverse empire and as part of its initiative to move away from Ethereum Mainnet, The Sandbox is introducing Polygon staking into the mix. Now, users of the platform can stake $SAND – $MATIC pairs in order to earn a share of the staking pool.

As of December 17, investors can supply Liquidity Provider (LP) pairs, in order to receive a share of a weekly distributed fund. For the first month of this fantastic opportunity, users will receive a share of 500k per week. However, following this period, the figure will reduce to 300k.

In order to participate, users must first acquire $SAND tokens on the Polygon network, then use the Quickswap application to create $SAND – $MATIC Liquidity Provider (LP) pairs. Once achieved, they can then navigate to The Sandbox native staking pool and contribute to the cause. Rewards are then distributed pro-rata based on the user’s liquidity provided over the course of one month.

$SAND staking is coming to @0xPolygon!

Get staking now
https://t.co/Fp8ArBed8X pic.twitter.com/CB7HoQhzuA

— The Sandbox (@TheSandboxGame) December 16, 2021

For the moment, participants must acquire $SAND tokens via the Polygon network. However, future developments will see the creation of a bridge between Polygon and Ethereum to allow the transfer of $SAND tokens between networks.

Create $SAND – $MATIC LP pairs on Quickswap >> Here

Stake on The Sandbox >> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

The post The Sandbox Goes Live with Polygon Staking appeared first on NFT Plazas.