Magicats Staking is now live!
SpookySwap Magicats Staking is now live! MP is awarded for each asset in the Magicat NFT, with rarer assets being worth additional MP.
To get started, navigate to the Stake BOO page of the Spooky site. From here you can scroll down to the same listing of pools for xBOO staking. You’ll quickly notice that a few xBOO pools are now listed as Boostable! The potential bonus in APR will be displayed to indicate which pools are boosted the most by the Magicat bonus.
From here, you can select cats to stake for extra APR rewards! Magicats will be sorted by their ID number in the Magicats NFT collection, and display their Magic Points (MP) to indicate their impact on the Pool APR.
For launch, bonus APR is awarded through funds directly from the Spooky Treasury. Future Magicats boosting will be awarded based on Spooky DAO governance or rewards from fellow protocols.
MP is awarded for each asset in the Magicat NFT, with rarer assets being worth additional MP. Each Magicat will also have a higher MP for special titles at the end of their name or for set matching, such as having both Grim’s hat and Grim’s wand. You can view your Magicats MP, or the MP of all Magicats on Spooky’s NFT page, through the My Magicats page or the Magicats Rarity Guide page.
About SpookySwap
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. Different from other DEXs, they’re invested in building a strong foundation with their BOO token as a governance token, diverse farms, a built in bridge, built in limit orders and user-centered service.
SOURCE
https://spookyswap.medium.com/magicats-staking-is-now-live-f3009b132cbb
