{"id":8292,"date":"2022-02-21T01:04:34","date_gmt":"2022-02-21T01:04:34","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/metaverse\/the-sandbox-brings-direct-staking-to-the-polygon-network-nft-plazas\/"},"modified":"2022-02-21T01:04:35","modified_gmt":"2022-02-21T01:04:35","slug":"the-sandbox-brings-direct-staking-to-the-polygon-network-nft-plazas","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/metaverse\/the-sandbox-brings-direct-staking-to-the-polygon-network-nft-plazas\/","title":{"rendered":"The Sandbox Brings Direct Staking to the Polygon Network – NFT Plazas"},"content":{"rendered":"
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Top notch virtual world, The Sandbox, has announced a major upgrade to its Polygon staking mechanism. As of now, users can stake mSAND (SAND on the Polygon Network) directly on the platform.<\/p>\n

The Sandbox introduced Polygon staking back in December, allowing users to earn yield via mSAND\u2013Matic pairs. Now however, the new upgrade allows them to get stuck in and stake the mSAND directly, all the while enjoying cutting edge gasless transactions thanks to the pioneering efforts of Biconomy<\/a>.<\/p>\n

To get the ball rolling, users must first get their SAND onto Polygon<\/strong>. For this, The Sandbox has built a handy bridge that sits neatly in the interface. However, a quick log on is required for it to present itself. Once the funds are in place, a simple staking procedure will get that mSAND earning some lovely yield.<\/p>\n

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We are introducing a new staking mechanism that works ONLY with $SAND<\/a>\u2026<\/p>\n

\ud83d\udd39 Open to ALL \u2013 on @0xPolygon<\/a>
\ud83d\udd39 Gasless \u2013 through @biconomy<\/a>
\ud83d\udd39 500,000 in SAND rewards per week!<\/p>\n

Read more \ud83d\udc47https:\/\/t.co\/HXovJUuN5W<\/p>\n

\u2014 The Sandbox (@TheSandboxGame) February 11, 2022<\/a><\/p>\n<\/blockquote>\n

For the first 28 days, The Sandbox will distribute 500k SAND per week as staking rewards, <\/strong>including a mechanism that allows stakers to claim rewards once every seven days. Following this \u201choneymoon\u201d period, the distribution will fall in line with the rest of the platform.<\/p>\n

Going forward, The Sandbox will continue to support direct staking and mSAND-MATIC pairs on the Polygon network. However, it will discontinue SAND-ETH staking on Ethereum at the end of February.<\/p>\n

All in all, a simple and painless way to squeeze a little more out of the mighty SAND utility token. Keep tabs on The Sandbox Twitter feed<\/a> for news of further staking updates.<\/p>\n

Stake mSAND on Polygon >> Here<\/a><\/strong><\/p>\n

Learn more about Sandbox staking >> Here<\/strong><\/p>\n

Want more? <\/b><\/p>\n

<\/a><\/p>\n

*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.<\/em><\/small><\/p>\n<\/div>\n