$GUTS staking event: Earn up to 20% in rewards in one month (240% APY)!

Guts
Guts Gaming
2 min readApr 27, 2021

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We are happy to announce that we will be holding a staking event for $GUTS holders for the month of May! To further token distribution in anticipation of a World War Tez beta launch this quarter, we will be awarding up to 20% back as rewards for those who stake their $GUTS for all of May 2021.

This will be up to the full 20% for only one month of staking, NOT an annual yield (this would translate to a 240% APY).

To stake your tokens, you must provide liquidity to the token pool here:
https://quipuswap.com/invest/add-liquidity/KT1WYQj3HEt3sxdsV4dMLA8RKzUnYAzXgguS

Staking APY will be decided in tiers based on total amount staked, as follows:

  • 1~500 $GUTS — — — — -5%
  • 501~1,000 $GUTS — — 10%
  • 1,001~5,000 $GUTS — 15%
  • 5,000~$GUTS — — —- 20%

Snapshots will be taken of the $XTZ/$GUTS liquidity pool on a daily basis at random times, to prevent people from trying to game the system by only staking for a short time during the snapshot.

Rewards will then be distributed when the month is over to anyone who remained staked for the entire month, based on the full initial $GUTS balance you deposited.

Notes:

  • Your $XTZ will also stake while in the liquidity pool.
  • If you need to purchase a large amount of $GUTS without major slippage, contact us for OTC sales at current market price (Minimum 1k, maximum 10k per person). OTC buyers will also be awarded a first season avatar, which will be tradable in-game.
  • You will also earn rewards as usual for liquidity mining, via a percentage of DEX trading fees on Quipuswap.

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