Staking your Pesky Penguins is the mechanism through which players earn
$PESKY in Nootopia.
Nootopia uses a custom Gamified, Soft Staking experience for accumulating
$PESKY — the first of its kind on Solana.
Penguins can be staked in Nootopia, either by clicking on the
$PESKY map icons, or by vising the Staking Dashboard.
There are three main variables that determine how you earn
- Salary: Amount of
$PESKYper Pay Period
- Pay Period: The amount of time it takes to accumulate your Salary
- Earnings Cap: Maximum
$PESKYa Penguin can earn before needing to claim
The location(s) at which you elect to stake your penguin(s), and how often you decide to claim, determines your overall
$PESKY accumulation rate.
Earnings Cap Rationale
Users must claim their staking rewards periodically to continue earning
There are a few reasons for this:
- Increases website traffic
- Increases withdrawal rate, promoting circulation of
- Staking variables are "locked in" when you stake your Penguin.
- If staking is re-balanced properties are upgraded, your staked Penguin will not automatically earn at the new rate.
- An earnings cap encourages re-staking so players can earn
$PESKYat the new rate.
Being able to demonstrate consistent and reliable traffic is a key measure of project success. As we get more visitors and participants, we create a virtuous cycle founded on this continued growth!
It's extremely important to the Pesky Penguins team that the collection stand on its own merits, and not on the back of market manipulation.
As a result, we have opted to go with a Soft Staking approach to staking, meaning:
- Your penguins are NOT locked up while staked
- You are free to move, trade, and sell your penguins while staked with no disruption to staking rewards
A couple interesting dynamics emerge as a result of this:
- The circulating supply of Pesky Penguins is a true representation of supply, free of artificial influence
- Penguins listed for sale likely have
$PESKYthat you can claim the moment you purchase them.