How to stake YGG? Before we jump into the topic, let us first understand the basics of Yield Guild Games (YGG).
Introduction
In recent times, play-to-earn gaming is one of the big trends around blockchain technology. As games release their own tokens and non-fungible tokens (NFTs), they are attracting both gamers and investors. This trend is developing further with the emergence of gaming guilds. These guilds have advantages for gamers, investors and the community, itself.
Yield guild games was founded in 2020 by Beryl Li and Gabby Dizon. By March 2022, this guild had already contained more than 20,000 scholars.
Within a guild, there are several players who work togETHer in their favourite hobby or investment, which is gaming. The guild operates worldwide and coordinates players to earn rewards in play-to-earn games. Moreover, YGG also invests in NFTs, such as virtual land and other useful in-game attributes. These NFTs can then be borrowed by members of the guild, benefiting both the guild and the player.
YGG does not consist of one DAO (decentralized autonomous organisation), but it has several SubDAOs. These organisations are typically focused on a specific game or are intended for players from the same region. The players within the SubDAO collaborate on a specific area and hence maximise gaming profits.
The Yield Guild Games token (YGG)
How to stake YGG? Users can build up a passive income with the YGG tokens. You can secure the YGG tokens in different YGG vaults, so you can generate income in different ways. These vaults are located in the YGG DAO and thus do not resemble the well-known forms of crypto staking. Depending on the vault, token rewards may differ from YGG tokens to ETH or stablecoins.
Users can also become liquidity providers in liquidity pools by providing YGG tokens and stand a chance to reap liquidity mining rewards.
Most major exchanges have included the YGG token in their offerings such as Binance and KuCoin. There are about 50 different crypto platforms where you can trade the token. The most well-known exchanges where you can go for this token are Binance, KuCoin, FTX, Kraken, Gate.io and Huobi Global.
In Conclusion
YGG is a project that combines NFTs and blockchain gaming, while aiming to help both investors and gamers alike to profit.
How to stake YGG? If you are interested in Yield Guild Games, you may head on to the YGG platform to stake YGG tokens to earn passive income.
