UFO Gaming, a fully decentralized intergalactic social gaming platform, unveils its Staking dApp today, July 29, with details and tutorials on how to participate. According to the gaming metaverse, the Staking dApp will function on the Polygon Mainnet to enhance transaction speed and reduce gas fees

That means users need to have Matic in their designated Staking wallets. Using the Staking dApp will offer participants the opportunity to earn Plasma Points. In addition, they will also be able to earn UFO rewards through the dual-staking mechanism. 

Why You Should Stake

UFO Gaming highlights two primary reasons users should stake their UFO tokens. First, by staking, users can leverage the early adoption benefit, which lets them earn Plasma Points for minting Genesis NFTs. Second, when users stake UFO – ETH LP tokens or UFO tokens, they become eligible for Dual Rewards – $UFO and Plasma Points.

UFO gaming

Details of Staking

There are two pathways for depositing tokens to earn rewards in the UFO Gaming Staking dApp. These are UFO tokens and UFO – ETH LP tokens.

Users need to deposit a specific ratio of Eth or UFO into a specified liquidity pool on the Uniswap V2 portal to get the UFO-ETH LP tokens. Irrespective of the tokens deposited into the staking dApp, users will receive rewards in both Plasma Points and UFO

Since UFO-ETH LP and UFO tokens are designated on the Ethereum Network, users must first bridge their token to the Polygon Network from Ethereum Networks using the bridge widget available on the staking dApp site. To do this, follow the steps below:

More details on how to stake, including how to buy UFO, provide liquidity, bridge, get Matic, stake, and use Trust Wallet can be found on the tutorial page.