[NEWS] Nanameue launches "Yay! Staking Campaign"

Nanameue, which operates the Japanese social-financed virtual world "Yay!" where anyone can be themselves, announced on the 22nd that it will launch the "Yay! Staking Campaign" on the 28th, designed to strengthen the foundation of the Yay! Web 3.0 ecosystem.

Yay!, which launched in January 2020, is currently used by over 9 million people and is enjoying the "virtual world where people connect through their likes".

Plans are underway to introduce new Web 3.0 features to expand the token economy both inside and outside the platform.

The new features will introduce four tokens: YAY (governance token), EMPL (utility token), Yay!Genesis (NFT that can mint Pals), and Yay!Pal (NFT for Play to Earn).

In particular, Genesis holders will play an important role in supplying Pals within Yay!.

Yay! plans to conduct several airdrop campaigns in the future. An overview site for the airdrops has already been released along with the staking campaign.

Through various campaigns, Yay! is looking for supporters to help build the ecosystem.

Regarding the overview of the staking campaign, participants can earn rewards such as protocol points, yield, Yay!Gold, and points to be announced at a later date, depending on the amount and period of staking.

In addition, by inviting acquaintances, both the inviter and the participant can earn additional rewards.

The referral link is linked to the wallet, and in the future it will be possible to connect it to a Yay! user account.

In the future, Vaults that offer different points and rewards will be added one after another.

To participate in the campaign, use Ethereum (ETH) to stake on Yay!Dashbaord. Dashbaord will be released on the start date via the campaign site.

By participating with a referral link, both the inviter and the participant can earn additional rewards.

Depending on the amount of staking and the period, Yay!Gold, ??? ??? ??? You can earn staking points (hereinafter referred to as ??? points; details will be released at a later date), protocol points, and additional rewards through referrals.

In the initial stage, a total staking limit will be set, but this may be subject to change. What happens when you unstake? ??? points will be reset, but Yay!Gold will not be affected. When you unstake, you will stop earning Yay!Gold, but any gold you have already earned will be kept.

StakeStone backed by Ethereum and Bitcoin

When staking on StakeStone, stakers can earn Yay!Gold, ???? points, StakeStone points, EigenLayer points, Symbiotic points, and Mellow points. They can also earn 2x STONE-W1 points.

For StakeStone, it takes about 7-10 days for unstaking to be reflected on the Dashboard.

StakeStone is an adaptive staking network backed by Ethereum and Bitcoin (BTC). It enables asset staking beyond the consensus layer through the yield-generating asset STONE.

Reference: Announcement
Image: Announcement

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