Game icon

Shrapnel

SHRAP

$0

-3.91%

73

Cadena

    Avax - Avalanche

Platform

  • PC icon

Category

Action, Battle Royale, First-Person Shooter, NFT Game, P2E, SCI-FI

Staking & Liquidity for Shrapnel

Introduction

In the rapidly evolving world of Web3 gaming, staking and liquidity mechanisms play a crucial role in enhancing the play-to-earn experience by providing players with additional avenues to earn rewards and engage with the game's economy. Shrapnel, a leading Web3 game, has introduced innovative staking and liquidity features that aim to balance player rewards, gameplay integration, and long-term economic sustainability. [1a] [2a] This report will cover:

  • The staking options available in Shrapnel and how they reward players [1a] [2b]
  • The integration of staking and liquidity mechanisms into gameplay [1c]
  • The measures in place to ensure the long-term economic sustainability of these systems [3a] [4a]

Staking Options and Rewards

Shrapnel offers a staking system called Enlistment, which allows players to lock their SHRAP tokens on the Shrapnel subnet to earn off-chain METAL points. [1a] [2a] Players can choose different enlistment periods, including 3, 6, 9, or 12 months, which may influence the rewards they receive. [2b] The primary reward for staking is METAL points, which are expected to have future in-game utility, though the exact nature of these rewards is yet to be fully disclosed: [1a]

  • Staked SHRAP tokens remain usable in the in-game marketplace, allowing players to buy and craft items even while their tokens are locked. [1c]
  • The Enlistment system is designed to incentivize long-term participation by offering rewards that are tied to the duration of the staking period. [2b]
  • The exact types of future in-game utility that METAL points will provide are yet to be revealed, leaving room for speculation about their potential impact on gameplay. [1g]

Integration into Gameplay

One of the standout features of Shrapnel's staking system is that staked SHRAP tokens remain usable in the in-game marketplace, allowing players to continue engaging with the game's economy even while their tokens are locked. [1c] This integration ensures that staking does not disrupt the gameplay experience but instead enhances it by providing additional utility for staked assets. [1i] The ability to use staked tokens in-game also encourages players to participate more actively in the marketplace, fostering a more dynamic and engaged player community:

  • Players can use staked SHRAP to buy and craft items, such as weapon skins, which enhances their in-game progression and customization options. [1c]
  • This feature reduces the opportunity cost of staking, as players do not lose access to their tokens' utility in the game while they are locked.
  • The integration of staking into the marketplace also helps to create a self-sustaining economy where players are incentivized to both stake tokens and engage in trading.

Economic Sustainability

Shrapnel has implemented a non-linear token unlock schedule that aligns with the growth of the user base and increasing SHRAP utility, ensuring that token emissions are sustainable over time. [3a] [3c] The token distribution is carefully structured, with a significant portion allocated to community rewards and market making, which helps to ensure liquidity and long-term engagement. [4a] Additionally, Shrapnel has partnered with Amber Group for market making services, which will help maintain price stability and liquidity for SHRAP tokens: [4c]

  • The non-linear token unlock schedule ensures that token emissions are gradual and tied to user growth, reducing the risk of inflation or token devaluation. [3c]
  • A significant portion of the token supply is allocated to community rewards, incentivizing long-term participation and engagement in the ecosystem. [4d]
  • Partnerships with market-making firms like Amber Group help ensure that SHRAP tokens remain liquid and stable, which is crucial for the long-term health of the in-game economy. [4e]

Conclusion

Shrapnel's staking and liquidity mechanisms are designed to enhance the play-to-earn experience by providing players with additional rewards and integrating these systems seamlessly into gameplay. [1a] [2a] By allowing staked tokens to remain usable in the in-game marketplace, Shrapnel ensures that staking does not disrupt the gameplay experience but instead enhances player engagement and economic activity. [1c] The economic sustainability of these systems is further supported by a non-linear token unlock schedule, strategic token distribution, and partnerships with market-making firms: [3a] [4e]

  • The Enlistment staking system offers players flexibility in choosing staking periods, with rewards tied to the duration of the stake, while still allowing staked tokens to be used in-game. [2b] [1c]
  • The integration of staking into the marketplace fosters a dynamic and self-sustaining economy, encouraging both staking and trading activities.
  • Economic sustainability is bolstered by a well-structured token distribution and partnerships with market-making firms, ensuring liquidity and price stability for SHRAP tokens. [4a] [4e]

References

[1] Jenny Jordan. Craftable skins and new SHRAP staking system part of Shrapnel’s next playtest. BlockchainGamerBiz. Available from: https://www.blockchaingamer.biz/news/32263/shrapnel-staking-craftable-skins-stx3/

[2] Michael. Shrapnel Launches Enlistment Service. PlayToEarn. Available from: https://playtoearn.com/news/shrapnel-launches-enlistment-service

[3] playSHRAPNEL. Announcing: Improved SHRAP Unlock Schedule. Medium. Available from: https://medium.com/@playSHRAPNEL/announcing-improved-shrap-unlock-schedule-1c62219f81e5

[4] Shrapnel. Shrapnel White Paper. shrapnel.com. Available from: https://files.radon.gg/whitepaper.pdf

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