# Home Gamified Decentralized Finance ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FAS4z3WoKWmucrtbXn9Ef%2Fcover%20%232%20copy.jpg?alt=media\&token=1e1ea696-072f-4de2-9892-aaccd55ea517) DeFi Land is a unique agriculture-simulation game created to gamify all aspects of decentralized finance. The main goal of the game is to make it easier and simpler for individuals to take part in the exciting world of DeFi and crypto, while also having the opportunity to have fun. DeFi Land offers all the features that traditional platforms have, but everything is gathered in one place. The game offers players the opportunity to start playing for free, grind their way up to the Play and Earn tier (or simply purchase a Gen-0 NFT), compete with other players, craft, trade, and dive into DeFi in a fun and exciting way. The native utility token is called [DFL](/dfl-token/defi-land-token-dfl), and it can be used for: * Trading in-game assets and NFTs * Staking and LP incentives * Game mechanics * Governance votes, giving players the opportunity to determine how the network resources are allocated The Play and Earn model introduced by DeFi Land allows users to earn income for completing tasks or reaching certain milestones. The game has something for everyone - whether you are looking for something laid-back and fun or something active and exciting, you can find it on DeFi Land. DeFi Land is truly a community-led project. The main aim of our project is to support the whole crypto and DeFi community and help the market grow and develop further over the next few years. Through our years of building, we are the best starting place for newcomers and the most secure sanctuary for crypto veterans who power through every market cycle. We aim to provide opportunity to players and our partners, ensuring that if DeFi Land grows and becomes successful, so will the whole ecosystem. # Motivation and Long-Term Vision ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FR9bo7PtLzmUFx3TEG546%2Fimage.png?alt=media\&token=897e85b7-63c2-4c2a-8510-075a9211f2f4) DeFi and NFTs have been part of our lives for a long time, and they could become huge if treated and developed in the right way. While we were trying to explain how this exciting world works to our friends and family, we realized that it was simply too hard to understand for many people. When looking for ways to break down the barriers and make things simpler for the masses, we found that gamification is the best way to explain complex topics that are hard to understand to everyone. This is especially true when talking to those who might not have the technical knowledge to understand how things really work. This was one of the main drivers for creating DeFi Land. As a result, we have turned investment-based activities into a gamified online application, offering individuals the opportunity to not only take part in the industry but also have fun. Our biggest objective was to create a fully decentralized game capable of running on its own. DeFi apps have become increasingly popular over the past year and a half, particularly in the past six months. There have been hundreds, if not more, DeFi enterprises gaining traction. The past few months have shown a trend away from the novelty projects that were not able to bring any real value because they were unsustainable in the long run. Because of this, we think that a decentralized gaming economy is an ideal way to bring together the blockchain/crypto/DAO industry and gamers who want free access to the industry without corporate intervention. We believe that if we want to see higher retail adoption, it is pivotal to start with an easy-to-use approach. Rather than creating complex functionality or AAA games, we think that the answer lies in simplicity. That is what makes DeFi Land truly unique. Instead of creating a sophisticated game for power users, we have decided to build a game that is easy to play, relaxing, and educational. DeFi Land is intended to help users understand the basics of DeFi, NFTs, play-to-earn, and the crypto industry in general. Our long-term goal is to transform DeFi Land into a hub of gamified applications, covering all the niches in the crypto and blockchain industry. ## Education & Knowledge Among the main goals that we had was to increase the knowledge and understanding of DeFi. Therefore, we have created a special practice offering, which allows our users to learn everything about the industry before they decide to participate in it. The crypto industry is still very young, which makes it hard for individuals to find necessary and accurate information about the market. Since the beginning of the project, one of our biggest priorities was to ensure that newcomers in the market could safely access such information. Right when you start playing, you are provided with several special offerings. The game focuses on a farm, with numerous functions. This includes the Market, Seed Lab, and House, among others. DeFi Land also offers users the opportunity to take part in special events, play mini games, take care of the farm and animals, increase their land, and at the same time make actual money. To put it simply, DeFi Land is a project that brings together two very popular worlds – gaming and crypto. The crossover of these industries makes a perfect match, providing individuals with a fun yet safe and secure way of becoming part of the crypto industry. With our educational mode, newcomers are able to practice and learn more about the industry without having to spend any of their actual funds. Also, beginners are provided the opportunity to truly grasp the way DeFi works through a gamified and fun platform. By connecting your wallet to DeFi Land, you are able to swap crypto tokens, manage your portfolio, and so on in a fun and engaging manner. Our game is based on pre-existing platforms, meaning that if our game expands and becomes successful, so does the whole ecosystem, making DeFi Land a truly unique game. # Gamified DeFi Land - Free to Play ![Footage from DeFi Land closed testing](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FA1OQ9z3m6YEcgXnwNJcp%2Fimage_2021-10-07_00-16-44.png?alt=media\&token=5533c33b-d66d-49b9-8d3d-668e51d412eb) DeFi Land is completely free. By connecting your wallet to DeFi Land, you are able to swap crypto tokens, manage your portfolio, and learn about DeFi in a fun and engaging manner. When you log in for the first time, you can take advantage of DeFi Land's has a referral program. Simply share your referral's wallet address when signing in for the first time, and they will earn rewards based on your activities in the game. # Decentralized Finance ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2Fs7ph6xDgKRPAGzztE2ZN%2Fimage.png?alt=media\&token=bf4fc807-f47b-43af-a049-67c9b7387b5e) ### **How Does DeFi Land Gamify Decentralized Finance?** Adoption of cryptocurrencies and blockchain technologies is on the rise, but many people are still intimidated to dip their toes into the complex world of Decentralized Finance. Decentralized Finance, or DeFi for short, empowers users to easily swap between tokens, support their favorite projects on the blockchain, and earn yield through liquidity pools. We understand the need for an accessible platform that translates complex DeFi practices into a friendly user experience. DeFi Land is an agricultural simulation of DeFi that offers token swapping, portfolio tracking, and yield farming. Instead of navigating through intimidating DeFi trading websites, you can perform all of these tasks in your very own farming village. Swap tokens in our marketplace, plant seeds to simulate your yield farming positions, and monitor your portfolio while fishing, hunting, harvesting, and tending to your pets. DeFi Land has something for everyone, whether you an investor, a gamer, or simply curious about the peaceful revolution of decentralized finance. ### **What Powers DeFi Land?** The DeFi features in your village are powered by existing protocols, meaning we only serve up the front-end experience. While developing DeFi Land, we decided not to create our own swap, pools, or farming mechanics. Our focus is strictly on the user experience, gamification, and educational aspects of the onboarding process. In this way, we are building a much-needed service to the ecosystem while empowering existing protocols. Simply put, we are not competing with other platforms on the Solana chain. As we bring more traffic to our game, we will drive traffic to the protocols we have incorporated into our trading platform. We have active collaborations and integrations with Serum, Raydium, Orca, Tulip, and Saber. ### Growing with DeFi As DeFi continues to grow and attract more people around the world, we believe that DeFi Land can play a major role in the future development of the industry. Our project is full of opportunities for beginners, making it a perfect place to start learning and growing. We will continue to add new features, including lending, borrowing, staking, liquidity provision, and more. We are most excited about our multi-chain expansion. In late 2022, we will begin our alpha testing for multi-chain integration with the most promising L1s and L2s to bring even more DeFi services to the game. We will introduce new islands for each blockchain with bridges that allow you to travel (and trade!) in between each. DeFi Land will be the multi-chain hub for innovative protocols. # Buildings ![House building in DeFi Land](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2Ffj9O9zq0UlyvBAox7BET%2Fimage.png?alt=media\&token=9e63d725-1069-458c-9c8e-642c3a108b7f) ### House The House building is where all the portfolio tracking happens. Users are able to see which assets have been performing the best and the worst and see the change in their net worth over time as well as all the tokens that they have. Further, users can check the leaderboard to see their progress with achievements and quests. ### Market The Market building is where the swaps happen. Users can swap one asset to another, and the swap actually takes place on other DeFi protocols. Users can fine-tune the details too, for example setting the slippage, choosing between different trade routes, or performing multiple swaps in the same interface. Currently, market building is running on top of Serum, Raydium, Orca, Step, Saber and other exchanges and offers the fastest transactions with 0.07% transaction fees. ![Seed Laboratory concept art](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2Fh5NR87K2UfInxw3fyfT4%2Ffactory.png?alt=media\&token=6558189d-9fca-44cf-9497-505ffb327758) ### Seed Laboratory The Seed Laboratory is the place where users can provide liquidity on a DEX and receive seed tokens that are actually LP tokens in exchange. This building is used for creating the seeds, which can later be planted in the farms and then harvested. Providing liquidity is a basic feature of DeFi that is widely used. Users will be able to choose between many different platforms for the seeds that they want to create. Creation of seeds requires two different assets, just like you would need for providing liquidity. ### Farms Once a user has some seed tokens, they can plant them on a farm. This operation is analogous to staking your LP tokens to yield farm. When seeds are planted, they will grow and produce a yield that users can harvest, increasing their total number of seeds. Users can also unplant their seeds. ### Auto Farms We partnered with Tulip to bring users auto-compounding yield farms. Users are able to stake their LP tokens (seed tokens) into Farms patrolled by NPCs who automatically harvest and reinvest to maximize returns. This will save users a lot of time and effort as well as increase their returns. ### Farm Board All the available farms can be viewed on the Farm Board. Users can check metrics such as the APYs, total amount staked, and more. ### Bank The Bank is the building where users can track their staking positions. We will also be incorporating lending and borrowing in the future. ### Voting Palace At the Voting Palace, users will be able to decide how different protocols will be developed. They will be able to share their opinions on different topics and govern the various protocols. There will be two different voting palaces the one it will be for DeFi Land related governance proposals and another one will be for all the other different partner protocols who have the government's option. Palace is actually running on top of decentralized autonomous organization DAOs. # Gameplay While the crown jewel of DeFi Land gameplay is our Play and Earn mode, we provide an amazing gaming experience to our free-to-play users. Each of our remastered games comes with a free NFT that can be used to earn XP and even a rare chance at $GOLDY rewards. Free-to-play users will be able to hustle their way to the top of leaderboard and earn seasonal $DFL, $GOLDY, and NFT prizes. Check out [Active Game Mechanics](/play-and-earn/play-and-earn-with-nfts/active-game-mechanics) for commentary and detailed explanations of each game through the lens of Play and Earn. ### Fishing Game You can hang out at the fishing pond and cast a line to catch up to 12 beautiful fish. You play the game by responding correctly to on-screen commands. Each of the 12 varieties of fish you can catch comes with its own “personality” and challenges. Fishing is a challenging game. There is a small element of luck and a significant element of skill. ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FAOmo90fZm7HGS1gyjOUJ%2FFishing_game_AdobeCreativeCloudExpress.gif?alt=media\&token=18189703-de0f-4a2e-a1b8-b3c026d01e8d) ### Shooting Game The shooting game lets you test your aim by shooting different targets and power-ups. You are on the hunt for wolves, ducks, and deer. If you think you have sharp aim, see how many headshots you can chain together to reach the max score. ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2F3MwuVxme29LOA1Ut0vJS%2Fshooting_game_AdobeCreativeCloudExpress.gif?alt=media\&token=1c965ed1-832d-480f-b457-e94c2d13643d) ### Harvesting Game True farmers are not only great at harvesting, but they can fulfill requested deliveries in time. Make sure to keep an eye on your fuel gauge, and strategize how to deliver the most crops as quickly as possible. ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FmSfNa6Bzfn75qqNWySve%2FHarvester_2_AdobeCreativeCloudExpress.gif?alt=media\&token=8dbe1155-c8f9-4110-b2c7-2620baf942c4) ### Pets What is a farm without animals? You can tend to your pets by feeding them and they will reward you in return. Cows, ducks, and chickens produce resources that are instantly converted into XP. Cats and dogs can be sent on adventures from 1 hour to 1 day, and they will return with even more XP. ### Hidden Items Did you spend hours upon hours as a kid on your grandmother's computer seeking hidden items in crappy flash games? There's a reason why these types of games were so popular back in the day. Finding hidden objects can be exciting for both kids and adults. If that's your thing, you'll enjoy our easter egg challenges. Can you find Pepe? Only the best detectives can! ### More is Yet to Come We are constantly dreaming up new gameplay that we think you will love. These include woodcutting, mining, racing, and tower building. We will also incorporate PvP modes, first-person adventure modes, prisoner’s dilemma wagers, and more. All of our gameplay will be complimented by quests and achievements that can earn you bonus rewards. Over time, we will have so much gameplay that you can truly rotate infinitely through different games on your farm. As our development of public lands gets underway, we are excited to bring an SDK to DeFi Land that will give individual developers the opportunity to create different types of minigames for DeFi Land. # Achievements, Factions, and Referrals ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FI1krq2h3prEe2zX4ZX0O%2Fimage.png?alt=media\&token=093e7051-8dc9-4d6a-bf89-45b917d57416) To make DeFi Land even more fun and engaging, we have decided to add achievements and factions to our game. This will add a little extra motivation to return to the game and stay active. ### **Achievements** Achievements are activities in DeFi Land that can help you earn more XP, engage with the community, or learn more about the industry. For example, we offer XP bonuses for players who swap a certain number of times using our in-game marketplace, harvest certain amounts of yield, and stake a certain amount in our fixed staking pools. Furthermore, achievements will feature progressions. Once you reach a certain level, you will be rewarded with special trophies that you can showcase in your house. Whenever someone visits your village, they will see all the trophies you earned. We will begin to incorporate unique rewards for achievements alongside our Play and Earn mode. This will allow users to expand their potential for earning within DeFi Land. ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FqSSpdpESNOIRBuSha1vu%2Fimage.png?alt=media\&token=6f8d729b-5adf-4e0c-8bdb-89eb9d55e754) ### **Battle of 3 Factions** When you register on DeFi Land, you get to pledge your allegiance to one of three factions. Keep in mind that you will not be able to change the faction once you choose it, so make your decision wisely. You represent your faction in seasonal competitions, which may include DeFi tasks or gameplay. The prizes are divided between all participants of the competition. You can track your performance from your Team Statue to see how much you contributed to your faction.
### **Referrals** Our players will have the opportunity to invite their friends to DeFi Land. Once your referrals begin playing and swapping in our marketplace, you will earn a percent of their transactions. We look forward to incorporating new and exciting ways to support those of you who represent DeFi Land best. # Retail Onboarding and Education ![Fiat on Ramp feature in DeFi Land](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2Fcen2jJNQ2QDIhA1RzpPg%2Fimage.png?alt=media\&token=a9a3581d-4dcf-4e7e-8522-6f8a6947bbf7) While there are numerous DeFi protocols and web3 games available in the industry, the onboarding process is still intimidating for most beginners. The onboarding process for DeFi Land is easy and helps you get comfortable with the entire crypto and web3 ecosystem. You can log in quickly and easily using Phantom, Solflare, Slope, Sollet, Web3Auth, Coin 98, and Ledger (no SOL required!). Giving access to the masses was one of our main aims while creating DeFi Land. In the Fall of 2022, we will begin implementing Education Mode, which is a collection of articles, interactive lessons, and test-net simulations of DeFi. This will allow novice crypto users the opportunity to test DeFi investments without risking their money. Our education mode will be a crucial platform for onboarding and retaining users in the DeFi investment space. A very important part of our onboarding process is the educational mode, which offers beginners the opportunity to learn everything about DeFi Land and the whole industry without spending any of their funds. On the lighter side of the spectrum, you’ll notice that we always maintain a good vibe in DeFi Land. We are a unique crypto ecosystem that thrives even in market turbulence because you can forget about all the stresses of life when you relax in your village. DeFi Land is full of different types of memes and pop culture references, making things even more fun and light-hearted. We are constantly developing retail-oriented partnerships to ensure that our platform brings new, curious crypto users to the space. We offer support for multiple languages and want everyone in the world to feel welcome in our game. # Additional Gamification Elements Log into your village and you will immediately see how our gamification elements create a true “metaverse” experience. We work hard to deliver fine details that improve the game. Here are a few examples that make DeFi Land truly unique: ### **Weather Changes** The weather on your farm varies based on the market conditions. On a turbulent day, you might have heavy rainfall on your farm. When your portfolio is doing well, expect sunny skies. On the south side of your village, you will find three windmills that operate based on Solana’s performance. If all three windmills are operational, you can expect normal transaction speeds. If any one of the windmills is not working, you can expect some transactions to fail. ### **Edit Mode and Land Visits** Make your village undeniably yours by customizing your land using Edit Mode. Place buildings, farms, tools, and your pets wherever you want on your farm. Use the `Q` and `E` keys to rotate your view and the `T` and `Y` keys to rotate the buildings you are placing. When your village is perfect, invite your friends by sending them your wallet address. They will be able to leave you encrypted messages in your mailbox to tell you how much they enjoyed their stay at your farm. We even have community contests where you can submit your village to earn special token and NFT prizes. ### **Audius Radio Tower** The radio tower in DeFi Land brings the decentralized music streaming platform, Audius, straight into your village. Tune your radio to different channels on the radio, including hip-hop, classical, rock, LoFi, and many more. This creates the perfect vibe for your village, whether you are tracking your portfolio, customizing your land, or playing your favorite games. ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FMuCHqxk688XDK5d4OxRT%2Fimage.png?alt=media\&token=45d07f10-6d45-42b1-9f46-3d259e58aa59) ### **Showcase your NFTs** We will be partnering with various NFT projects to bring their art to your land. If a user owns a specific non-fungible token, they will be able to drop it on their land, interact with it, and potentially even get a quest/reward out of it. As a theoretical example for how this can be implemented, if a user owns a Solana Monkey Business NFT, they could be able to drop a monkey on their land. The monkey will be monkeying around, and you will be able to interact with it. The monkey will give users a quest, which will be a story mode with a reward at the end. Currently, you are able to showcase your Solana NFTs in your house, as your profile picture, and in billboards that can be stationed around your village. ### **Newsroom** The gamification elements mentioned above are already available in DeFi Land, but there are many others that we are planning to add. One of them is a newsroom. For the newsroom, we plan to feature a building where users have access to all the crypto news in one place. This might include publications such as CoinDesk, Yahoo Finance, and more. You will be able to read articles and stay up to date with the ongoing events in the market. ### **Podcasts** This upcoming gamification element will offer our players the opportunity to check out different types of amazing podcasts about the crypto industry directly from DeFi Land. These podcasts will be from different creators. For example, it could be the FTX Podcast, Binance Podcast, and many others. This will also include educational content. Basically, everything will be gathered for you in one place to enjoy. ### **Conferences and concerts** Finally, another very exciting element of DeFi Land will be hosting different types of conferences and concerts. Potentially, we will be able to host different types of events in the metaverse. We will be able to host different types of concerts. There will be a special stage in the game which you will click and join. All the people will be around you to give you a truly immersive experience. ### **And more** While everything we have discussed above is already very exciting, this is not all. We have many other ideas that we are currently working on. Also, do not forget that we are very actively listening to you, our users. So if you have any ideas, do not hesitate to reach out and give us feedback on what you would like to see in DeFi Land. Feel free to join our Discord and chat with us. If the idea sounds good, we will definitely be adding it and credit you for the idea. # Lore DeFi Land is an agricultural utopia that is more than meets the eye. On one hand, DeFi Land is made up of villages, where great farmers savor the joys of a rustic and simple life. On the other hand, we embrace innovation, blockchain technology, and the revolution of ethics that accompany our steps into the future. Our lore is the story of how those two worlds collided. The origin story of DeFi Land sets the stage for your gameplay, describing how the island was discovered and how our society developed into a techno-agricultural utopia. Meet the **Captain** and the **Sisters of the Solana tribe**, as their paths cross in an epic adventure told through manga and drawn by our in-house artist. The lore is ripe with metaphors for the blockchain, web3, DeFi, and our personal journey as a project. The manga will be available exclusively for our Gen-0 NFT holders. We wanted to make our lore something that is larger than life and as high quality as our game. The lore will be ongoing, meaning new chapters will be introduced as we progress through our roadmap. # Play & Earn with NFTs ![DeFi Land Lore Cover](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2F0ucIKjaL7sR3cNX2crTR%2Fezgif.com-gif-maker%20\(1\).gif?alt=media\&token=467bc0e7-0db3-4662-b1a3-dace9dc38c6c) Our Play and Earn mode aligns with our philosophy that a web3 game should build its earning protocol on top of an experience that is fun and engaging without these additional incentives. In other words, our users do not play ***to*** earn. DeFi Landers play ***and*** earn. To accomplish this, we have multiple unique gameplay modes that are embedded in an ecosystem that provides abundant use cases for your tokens. Our first priority is creating an amazing user experience. Next comes the development of an economy that is strong, balanced, and sustainable. DeFi Land subsists on an internal economy powered by $GOLDY, $DFL, and your NFTs. Both $GOLDY and $DFL are cryptocurrencies on the Solana chain, soon to be followed by integration into the most trusted L1s and L2s. Your Gen-0 NFTs, including the fishing rod, shooting gun, harvester, and pets, are your keys to unlock Play and Earn for their corresponding gameplay. Because each Gen-0 NFT pairs with one game in DeFi Land, so you only need *one* affordable NFT to begin earning. This offers DeFi Landers a fair and accessible threshold into Play and Earn. Play and Earn is currently in beta and will continue to be developed to perfect the user experience and balance our economy. # Gen-0 NFTs DeFi Land NFTs are your keys to unlock Play and Earn in DeFi Land. On February 9, 2022, our community minted 7500 NFT seeds in our first ever gamified NFT drop. Our players watered those seeds for 30 days before they blossomed into the coveted collection of Gen-0 NFTs. There are now approximately 21000 Gen-0 NFTs in circulation ranging from affordable entry-level items to extremely scarce legendary items and 1/1s. The Gen-0 NFTs include the fishing rod, the hunting gun, the harvester, and the animals. Each NFT type unlocks Play and Earn for its specific gameplay and consists of 4 attributes that provide a distinct advantage depending on their rarity and level (covered in [Rarity and Attributes](/play-and-earn/play-and-earn-with-nfts/rarity-and-attributes)). Here is a brief explanation of each NFT type: ### Fishing rod ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FKQycq6kTHdZea2Py8xne%2Frods.png?alt=media\&token=d7d3de6d-81db-4d08-a20e-15aa1c6b15fc) The fishing rod unlocks the team-favorite fishing game. These gorgeously designed NFTs come with body, reel, hook, and float attributes. Better fishing rods allow you to play for longer and catch more valuable fish. ### Shooting gun ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FcFsxoSxoKGM64CaoVmTn%2Fguns.png?alt=media\&token=fadc7f31-d67d-4939-9595-5e68b59b8739) The shooting gun unlocks the shooting gallery. There are shotgun and submachine gun styles, but all have the same firing mechanics and ammo. The fierce shooting guns come with barrel, handle, scope, and charm attributes. Better guns allow you to play longer, inflict critical damage, and earn additional bonuses for headshots. ### Harvester ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FTA90wCos8B8G0M7jw8VN%2Fharvesters.png?alt=media\&token=d826257d-34e4-4de0-bda7-fcb04a6baafd) The harvester unlocks the harvesting game. The harvesters have a wide range of appearances and look incredible driving around your farm. The harvesters come with body, harvester type, wheel, and tube attributes. Better harvesters allow you to play for longer and more fuel efficient. ### **Pets** ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FXYgZs1mCVbG9iTjJuR92%2Fimage.png?alt=media\&token=81fca6c9-e98a-4e75-a4b8-3858892b2d87) Your pets unlock the only idle game. You will have a pet sanctuary for each type of animal on your farm, where you will feed them so they can earn you passive rewards. Among the pets are cows, ducks, chickens, dogs, and cats. Better attributes on your animals make it easier to take care of them and earn you better rewards. ### **NFT Energy and Health Points** {% embed url="" %} All of your NFTs will require proper care, and repeated use will affect their **Energy** and **Health Points**. These are global metrics for all types of NFT, and they work like this: * **Energy** is the number of times you can play with an NFT before it requires a cooldown. Your NFT has 2-25 energy, depending on your Energy attribute level. Your NFT will lose one energy per session. Want to play more? Consider upgrading your energy attribute to the max level cap. In the future, we will introduce boosting, allowing you to pay $DFL or $GOLDY to skip the cooldown. * **Health points** refer to the number of times you can play with an NFT before it requires repairs or healing. Every NFT begins with 100 health points. Take your animals to the vet to be healed. Take the rest of the gear to the mechanic to get fixed up. Your NFT will lose one health point per session. Want to pay less for repairs? Consider upgrading your repair attribute to the max level cap. From the perspective of creating a sustainable economy, the energy and health points systems prevent players from earning without any limitation. However, those who want to keep earning all day are welcome to hold more than one NFT for each gaming activity. Each NFT has its own energy and health points, meaning you can continue playing as long as you have back-up NFTs. You can collect as many Gen-0 NFTs as you need to ensure that you never run out of activities in DeFi Land. You can have hours of fun by just playing these games. However, the experience is made even better when we consider the advantages provided by Gen-0 NFTs. Next, we will discuss the in-game mechanics in more detail and reveal the uses for each **NFT attribute**. # Rarity and Attributes Each core NFT is equipped with four attributes, which provide specific advantages in DeFi Land gameplay. All NFT types have an **Energy**, **Repair**, **Rewards**, and **Game Mechanic** attribute.
The advantages of these attributes scale with their level, which depends on rarity. The rarity scale is outlined below: * **Common:** Your starting level can be an interval of (1, 5) and your max level cap is 30 * **Uncommon:** Your starting level is an interval of (5, 10) and your max level cap is 50 * **Rare:** Your starting level is an interval of (11, 20) and your max level cap is 70 * **Epic:** Your starting level is an interval of (21, 30) and your max level cap is 90 * **Legendary:** Your starting level is an interval of (26, 50) and your max level cap is 100. When our players first minted their NFTs, the starting level of each attribute was randomly assigned based on the intervals given above. To upgrade your attribute level up to the maximum level cap, you can pay a fee and lock the NFT for a short period of time. You will want to work together with the community to discover the optimal value for NFTs based on their attributes and earning potential. Now, let’s dive deeper into each attribute. ### **Energy Attributes: Float, Handle, Harvester, Clothes** Energy corresponds to the number of times you can play with your NFT before needing to let it rest for a specific cooldown period. 1 gameplay is equal to 1 energy. Once your energy is under 1 for your NFT, you must wait for a cooldown period before you can use it again. Your NFT’s **Energy Limit** is the maximum energy that you can achieve with your rarity once it has been fully upgraded. Your **Energy Level** is the maximum energy of a fully rested NFT based on your progress toward the Energy Limit. The current energy is how many times you have left to play, which decreases by 1 with each use. When your current energy reaches 0, you will need to wait about 24–36 hours before it is back at full energy, depending on the attribute level. However, as soon as it restores a single energy bar, you can use it again. **A higher energy level lets you play more games and has a shorter cooldown period.** {% hint style="info" %} **Example:** If you have a fishing rod with a legendary level 100 Float that is fully rested, you can play 25 games before needing to let it cool down. Because this is a high level, you will not need to wait too long before earning again. You can check more in [Formulas](/play-and-earn/play-and-earn-with-nfts/formulas) {% endhint %} ### **Repair Attributes: Bodies and Barrel** Health points are similar to energy, but instead of waiting for your health meter to be restored, you will need to repair your NFT. While some people might think it's not that important attribute to level up, we will be in several weeks revealing secret benefits of "maxing it out", so keep your eye on it. Animals will need to be taken to the vet and your gear will need to be taken to the mechanic. Both of these will be new buildings in your village. Your repair attributes will reduce the health-restoring costs. Here’s the secret: you are going to want to repair your NFTs often. Your items work best when they are in top shape, so instead of waiting for your health points to fall all the way to 0, you will want to regularly maintain your NFTs at maximum health points. Your reward potential decreases by 10% for every 10 health points lost. Higher level repair attributes reduce the cost of repair per 1 health point. ### **Reward Attributes: Hook, Charm, Tube, and Head** Visually, these might be a small part of each NFT, but they are incredibly powerful. Reward attributes increase the likelihood of scoring better rewards in each game you play. You might do your best to get the best score in the mini-game but without a good level of this attribute, you won’t be able to get the max reward. Your reward attribute level serves as a coefficient in calculating your reward probability. Rewards are randomly generated, but a better reward attribute tips the scales in your favor! ### **Game Mechanic Attributes: Reel, Scope, Wheel, and Accessory** The game mechanic attributes provide a direct impact on your gameplay experience. To understand each game mechanic, we need to discuss what the advantage it will provide in game: * **Reel:** The reel of the fishing rod increases the number of bonuses possible in each session. When you hit bonuses in the remastered fishing game, your maximum score increases. A higher score means better rewards, so the reel is essential for getting maximum rewards. * **Scope:** You are probably already familiar with the King Crow in the shooting gallery, who takes multiple shots to kill. The remastered game will include new enemies that are also difficult to kill. The scope will increase your likelihood of inflicting critical damage and increasing your scoped score multiplier (for better rewards!). * **Wheels:** You’re going to be in a hurry trying to fulfill delivery orders on your harvester. Your wheels will improve your fuel efficiency **and** speed to help you get more deliveries fulfilled before the time runs out. * **Accessory:** All animals have a Love Meter (Pet satisfaction), which ranges from 0 (default) to 100. You can boost their love meter by feeding them. Feeding them costs 1 energy, and a better accessory gives your pet more love per energy used. A pet with the minimum level accessory will gain 2 love each time it is fed, while a pet with the maximum level accessory will gain 25 love each time it is fed. When you decide to collect the reward from your pets, your Love Meter score determines the amount of your income. This can be the difference between claiming every several days versus claiming several times in a day. # NFT Marketplace ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2F2l6FoEpJrHC8KgOe7Cvk%2F1*ih6whYGAwZMafJnyRL3_QQ.png?alt=media\&token=bce44727-b59d-47f6-9878-f595de32b057) ### Community Driven Marketplace Our homegrown marketplace was built precisely for the exciting features of our Gen-0 NFTs. As you know, each Gen-0 NFT comes with 4 attributes that provide specific advantages in DeFi Land. The type of attribute, rarity, and current level are all relevant when looking for the perfect item to add to your collection. The marketplace makes this search fun and easy, and our optimized web design allows trades to be executed in as little as 10 seconds or less. You can access the NFT marketplace in-game or [directly on the web](https://marketplace.defiland.app/). The marketplace allows you to trade using your choice of $DFL and $SOL without any listing fees (like all marketplaces, a small redeemable $SOL deposit is required to generate a listing). **NFTs listed in $DFL have no trading fees,** while NFTs listed in $SOL have a 1% trading fee (50% less than the standard 2%). ![Exclusive attribute sorting](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FPigcrM9F1KTWM3tPk0UR%2F0*Hh2BGWYV1AtI0BG_.png?alt=media\&token=9d49b5b0-6564-4a0a-b438-5c0c348ea4ed) The **Collections** page is where you can browse, filter, sort, and purchase Gen-0 NFTs. You can filter based on the type of NFT you are searching for, and further limit your search based on specific attributes and price ranges. You can sort the collection by price, rarity, and date added. Sometimes you are simply looking for a good deal and you don’t know exactly which NFT type you want. Exclusive to our marketplace, you can select **multiple** NFT types and attribute rarities in a **single** search. **Make a purchase:** You can click on an NFT from the collections page to pull up its detailed information. The NFT stat page shows you the color-coded rarity, the current levels, **and** the precise mathematical advantage of each attribute. When you’re ready to buy, simply click **Buy Now** and confirm the transaction. By selecting **My Wallet**, you will be directed toward a stunning display of your NFTs. You can see your entire collection (**Owned**) and manage your listings (**Listed**). **Make a sale:** Click on the NFT you want to trade to bring up its complete stat card. Then you can set a price for your listing and click **List Now.** Once you list your NFT, you can update the price or cancel the listing whenever you want. There are two important things to keep in mind when listing your NFTs: * You will not be asked for a confirmation when someone buys your NFT. By listing your NFT, you are agreeing to sell the NFT at a set price. If someone purchases your NFT before you cancel the listing or update the price, you cannot undo the transaction. * Always double-check the currency you are using for the listing. You do not want to accidentally set a SOL price in DFL! We encourage users to trade using $DFL to avoid market fees, but we understand that $SOL is a desirable option for many active NFT traders. ### A Marketplace for All We saw an enormous advantage in creating our own marketplace instead of relying solely on secondary partners. Not only does our marketplace offer benefits specific to finding the perfect Gen-0 NFT, but it also sets an industry standard for an incredible user experience for all NFT trading. We hope that our marketplace can benefit the entirety of the web3 ecosystem by being a sandbox for unique features, design, and ease of use. Right now, our marketplace only supports DeFi Land Gen-0 NFTs. However, we look forward to making our marketplace a launchpad for new partnerships, as we gradually expand the NFTs available on our exchange. ### Renting NFTs Renting is a planned feature that can greatly increase the accessibility of Play & Earn mechanics, while providing a passive income strategy for current NFT holders. {% hint style="info" %} **Example:** Let’s imagine a situation where you have a task to catch 7 fish but you don't own a fishing rod. What are you going to do? You can go to the marketplace and see that a fishing rod costs something like $100. But paying $100 just to complete one task might not sound fair. What you can do in this situation is see who is renting out the NFT and borrow it. {% endhint %} The main idea behind this is that the owners of different types of NFTs will be able to rent out some of their NFTs. This is a great opportunity for both sides - owners and renters. The owner will be able to generate some income through renting, while the renter will be able to complete the task cheaply. When you are renting an NFT, you will be forming a special contract. The contract will include everything about the process, including the duration of the borrowing period and the price. There will be a commission fee charged by DeFi Land for renting as well (approximately 5\~10%), and this will be another revenue stream for our platform. # Active Game Mechanics Gameplay in DeFi Land is intended to be active and engaging. You truly have to be a great gamer to rise to the top of the leaderboard, and we know there are a lot of you out there. The active games in Play and Earn include the fishing game, shooting game, and harvesting game. Here is an overview of each active game: ### Fishing Game {% embed url="" %} Reel in beautiful fish by responding correctly to on-screen commands. In our remastered fishing game, you will not only be looking to hit the sweet spot following the key directions on screen, but you will also be holding the keys and looking out for special bonuses. Each of the 12 varieties of fish comes with its own “personality” and challenges. The fishing game will be one of the most challenging games at first, but over time you will learn how to identify the type of fish and prepare for epic battles. ### Shooting Gallery {% embed url="" %} In the remastered shooting game, you can show off your aim by shooting wolf, deer, and duck targets and acquiring bonuses along the way. Left click to shoot, walk around using the `W A S D` and arrow keys, hold `shift` to use your scope, and `R` to reload. You can earn more points with headshots and collect bonuses to maximize your earnings. With stronger beasts to kill and an upgraded element of depth, you will have an opportunity to take full advantage of your new Gen-0 scope attribute. No animals were harmed in the making of the Shooting Game! ### Harvesting Game {% embed url="" %} Hop in your harvester and stock up trucks with a list of requested crops. In a race against time, you will follow instructions to harvest crops and load them onto vehicles waiting to take them away from your village. Time is of the essence in the harvesting game, and you will need to prioritize how you refuel, harvest, and deliver. # Idle Game Mechanics {% embed url="" %} We know everyone loves passive income, and the best way for us to do that in Play and Earn is by taking care of your beloved pets. Each type of animal on your farm has its own pet sanctuary. When you visit the pet sanctuary, you will be able to feed your animals and increase their Love Meter from 0-100. There are two classes of animal that provide a unique experience. For cats and dogs, you can send them on adventures to collect your rewards while you fulfill your other farmer duties. For chicken, ducks and cows, you will nurture them until they are ready to produce eggs and milk. One really important thing to keep in mind is that after a certain amount of time, your pet’s Food Meter will deplete by 1 every hour. Meaning, if you don't feed your pets for a long period of time (as of writing this article 12 hours), they will get hungry and it's foodmeter will start decreasing. ### Cows, Ducks, and Chickens Feeding your animals costs 1 energy, but the amount of Foodthey gain depends on your accessory level. The FoodMeter ranges from 0-100. A hungry animal will not produce rewards, so you will need to feed your animals at least once. Anytime the FoodMeter is above 0, you can claim the rewards. However, a higher Food value will produce better rewards, so ideally you will want to get your pets’ FoodMeter as high as possible (well you’d want to do that anyway, right?). Once the rewards are claimed, the FoodMeter is drained to zero and your pets lose 1 health point. ### Dogs and Cats Dogs and cats follow the same feeding mechanism, but instead of directly claiming a resource from them, they can be sent on adventures to bring rewards home. You can choose to send dogs and cats on adventures lasting 1 hour, 3 hours, 8 hours, or 1 day. The longer their adventure, the higher their potential reward. Feeding your pets regularly is essential to maximizing your rewards. While you can collect rewards from your pets after one feeding session, you will earn higher rewards if you put the effort into getting their Food Meter to 100. Dogs and cats will have higher potential rewards because their claiming period takes up to one day. Claiming rewards from cows, ducks, and chickens is instant. # Earning in DeFi Land The DeFi Land economy uses $DFL, $GOLDY, and NFTs. The $DFL token represents your citizenship of DeFi Land. $DFL is used for staking, governance, NFT trading, NFT renaming, and special game mechanics (energy boosting and upgrading). $GOLDY will be for in-game mechanics, like paying for NFT repairs and attribute upgrades. Both $DFL and $GOLDY are cryptocurrencies on the Solana chain, and their in-game trading is powered by Raydium liquidity pools. The optimized DeFi Land UI allows you to keep track of your external wallet and gaming wallet. Your gaming wallet is stored on our back-end, and contains your rewards from playing games in DeFi Land. Your external wallet is the digital wallet you use to log into the game. Your gaming wallet supports $DFL and $GOLDY. In Season 2, we are focused on delivering use-cases for $GOLDY that do not necessitate cashing out your tokens. Instead, the primary incentives will be raffles and chests (loot crates). This creates stronger and more sustainable Play & Earn fundamentals. Loot crates and raffles will primarily consist of DeFi Land NFTs, $DFL tokens from strategic reserves, and rewards from our partner communities. You will also be able to spend $GOLDY on in-game assets, like skins and exclusive soundtracks. Earning in DeFi Land is a process that includes playing, upgrading, and strategizing. Maximizing your earnings potential is designed to be difficult and multi-dimensional. Our best players will constantly evaluate their strategies and set goals for upgrading their NFTs. We have a dedicated [Discord](https://discord.gg/defiland) channel to `#flex-your-rewards` so that you can see what is possible through Play and Earn. We are building a genuine, one-of-a-kind gaming economy that has never been flawlessly executed before. Everything that is released from here on (NFTs, currencies, farm upgrades, etc.) will be entirely community driven and supported. This presents a unique opportunity to redefine value in the digital world. Our priority is not to create a scheme to get you rich overnight. However, if you participate in our ecosystem, play our games, and build your own unique sanctuary in DeFi Land, you will have a chance to be a part of something that is truly amazing. # Fusion and Forging ## **NFT Fusion** The fusion mechanic allows you to burn multiple Gen-0 NFT attributes for a chance to improve their rarity (you will have to disassemble your Gen-0 NFT *before* fusing). You will be guided through the process in the NFT Forging building, where Roger will show you the probabilities of earning specific rarities and attributes.
### **Ground Rules for Fusion** > * *Fusion has a low cost of just **1000 $GOLDY.*** > * *You can fuse **2 to 7 attributes** of the same NFT type and rarity. You will earn one attribute from each fusion event.* > * *Any rarity from common to epic can be fused, meaning you can chain fusions from common all the way to legendary.* > * *The number of attributes fused correlates with the probability of upgrading your rarity by up to **three*** ***tiers** (full details shown below).* > * *The attribute type you earn depends on the attribute types you fuse. For example, if you fuse 3 hooks and 1 float, you will have a 75% chance of earning a hook and a 25% chance of earning a float. You cannot fuse attributes from different NFT types.* > * ***Fully upgraded** attributes will not lose their upgrade status. The attribute you earn from fusion will have a level between the current level and the level cap of its new rarity. For example, if you burn 3 level 30 commons and receive an uncommon, its starting level will be between 30 and 50.* ## **NFT Forging** **Forging has a profound impact on the efficiency and earning potential of your tools.** NFT attributes are synergistic, meaning the additive power of combined rare attributes is stronger than if those attributes were on their own. For example, a rare attribute offers a stronger numerical advantage when combined with other rare attributes compared to when it is combined with common attributes. **Forging allows you to build NFTs that are multiple times stronger than your original items.**
### How to Forge in DeFi Land You can begin the forging process by paying Roger a visit in DeFi Land. If you are an active player, the forging building will be airdropped to your inventory. You can place the forging building in your village from Edit Mode. Remember, there is a fee and timer associated with each forging event. Forging takes a few steps, outlined below: > ***1. Disassemble your attributes in the forging building.** Before disassembling your NFT, **make sure it’s health is 100 HP and is not on adventure**. Afterwards, select the type of NFT you want to dismantle, and then load the specific NFT of that type. You will pay Roger (The Forger) and lock your NFT for the designated time. **There is a flat fee of 5000 GOLDY for disassembling any NFT**, so go ahead and take apart your NFTs and trade individual attributes on our marketplace (or read on to see what else you can do with your attributes…).* > > ***2. Claiming your disassembled attributes gives you 4 “attribute” NFTs.** This step **must** be done before the assembling process. These attributes are tradeable and transferable, just like any other NFT.* > > ***3. Assemble your NFT with your desired attributes.** The fee for assembling is related to the rarity of the attributes that make up the new NFT. The higher the rarity, the higher the fee and time required. Remember, only attributes from the same type of Gen-0 NFT can be combined. For example, you cannot give a cat a duck’s outfit, nor can you put a scope on a harvester (as cool as that might sound). If you are missing some attribute that you wish to have on your NFT, you can trade DeFi Land NFT attributes on our* [*NFT marketplace*](https://marketplace.defiland.app/)*.* > > ***4. Claim your forged NFT.** You will be assigned a new mint number when you claim NFT. Note: each claiming event is a blockchain transactions that require a small amount of $SOL, to mint NFT, and wallet approval. If it fails, no worries, you can try it again. P.S. Your freshly forged **NFT will have fully restored energ**y, so that you can test it out instantly.* > > ***5. Name your NFT.** Once you finish assembling your NFT, head over to our* [*NFT naming service*](https://naming.defiland.app/) *to add a final touch of personalization.* Forging is a complex, on-chain NFT rearrangement process that has never been done before at this scale. Therefore, there may be slight bugs in the beginning. Most of the time, bugs can be fixed with a simple refresh. If this does not work, head over to our discord for support. ### Costs of Forging The almighty forging mechanic also serves as a use-case for your $GOLDY and $DFL tokens. Below is a breakdown of forging costs and time requirements: **Disassemble:** 5000 $GOLDY, 4 hours. (no matter NFT rarity or attributes) **Assemble:** To calculate the cost of assembling your dream NFT. you will have to sum up prices for each attribute. Assembling costs for attributes: * Common — 5000 $GOLDY + 1000 $DFL, 2 hours * Uncommon — 10,000 $GOLDY + 3000 $DFL, 6 hours * Rare — 20,000 $GOLDY + 10,000 $DFL, 16 hours * Epic — 25,000 $GOLDY + 25,000 $DFL, 24 hours * Legendary — 30,000 $GOLDY + 50,000 $DFL, 48hours

# Formulas **Congratulations gamers, you’ve made it to the formulas section!** We previously discussed how NFTs have rarity levels that correspond to their advantage for energy, health, rewards, and game mechanics. The question now is, how do we convert these levels into actual formulas? In this section, we will review the utility and basic formulas for each attribute. However, there are secret formulas and/or coefficients associated with each game that can be uncovered by the community. We encourage the community to use statistics and experience to find the optimal value for your attributes, and then use our marketplace to acquire your dream NFTs. > Check out our community-driven [DeFi Land calculator](https://defi-calc.com) for some approximations on rewards, attribute upgrades, and energy. When developing a Play and Earn ecosystem, the functions that distribute rewards and govern NFT advantages are crucial. Linear rewards do not properly incentivize higher levels and better gameplay. Exponential rewards do a great job incentivizing higher levels, but won’t benefit the new and improving players as much. To reconcile this, we are basing our main in-game functions off an intuitive, yet powerful function. ![Main Formula for DeFi Land Game Mechanics](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FlkA2Ncwp7YhtmmmXX3KB%2Fdfl-fx-current.png?alt=media\&token=c091ca36-7f18-44f5-ac06-dba0b6bb9741) ![Advantage (y) vs. Level (x) ](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FAYOJjttEF29WWIG7Fbwj%2Fdfl-fx-table.png?alt=media\&token=8754a293-4cfd-4bba-8d3f-1276bcbb3fdc) This is the main formula for the in-game mechanics, so *x* can be thought of as your level, and *y* is your advantage. The *y*-value output is plugged into many of the formulas we use to determine rewards and NFT advantages. This is a linear function between each 5-level interval. After each 5-level interval, the slope of the line increases. The basis of this formula is that it will strongly incentivize players to make high scores and use their legendary NFTs, but still makes it meaningful to play with common NFTs and lower scores. As it’s a combination of linear functions, it’s easy to calculate your next reward/advantage. The simplest application of this formula in action is your NFT energy level. A minimum energy level (1) will let you play 2 games before needing a cooldown, while a maximum energy level (100) will let you play 25 games. In other instances, we will incorporate additional coefficients and formulas alongside our base formula to calculate the advantages and costs of different mechanics. If you are trying to do some detective work on how to optimize your attributes and gameplay, it would be smart to start with this formula and then reinforce your theories with statistics and gameplay experience. But that’s all we will say on that. Throughout this section, we will refer to any instance of this function as F(*x*), where *x* can represent any attribute level or game value. Here are a few public formulas to show how this equation is incorporated into various gameplay mechanics. Let’s start with **energy**, which is calculated from your `energy attribute level` using the main formula: ```python energy = F(energy_attribute_level) # if energy_attribute_level = 100, energy = 25 # if energy_attribute_level = 60, energy = 11 ``` Your `energy attribute level` is also used to calculate your energy restoration rate. A higher energy attribute level correlates with a faster energy restoration rate, as seen below: ```python energy_restoration_rate = F(energy_attribute_level) / (24* (1 + 0.005 * energy_attribute_level)) ``` **NFT upgrades** allow you to increase the potential of your NFT attributes. After paying a fee and locking your NFT up for a set period of time, we will return to you an upgraded NFT. This will not change the visuals or rarity of the NFT, but it will increase the in-game advantages. You can upgrade your attributes by 1 level at a time, and you can upgrade all of your attributes at once without stacking the upgrade time. Every 5 levels, you will have to pay $DFL on top of the $GOLDY cost. *We eliminated the $DFL cost for your final upgrade.* The equations for upgrade time and upgrade cost are shown below: ```python upgrade_time_in_hours = (level * (1 - C * level) + (1 - level / 100) * 2 ``` ```python upgrade_cost_in_goldy = 10 * C * F(attribute_level)^1.5 upgrade_cost_5th_lvl = 10 * C * F(attribute_level)^1.5 + 10 DFL * attribute_level # C being a constant that will be changed periodically to balance the game. # Starting value of C will be 1. #DFL cost = 0 to achieve max level ``` **Reward** formulas are carefully designed and regularly considered for rebalancing. Your rewards depend on both your `reward attribute level` and a `health multiplier`. The health multiplier diminishes every 10% your health points go down on your NFT. Therefore, you need to keep your items above 90 HP to prevent missing out on rewards. Here is the base equation for tool rewards: ```python reward = your_score/max_game_score * F(reward_attribute_lvl) * health_multiplier * balancing_reward_constant # health_multiplier decreases by 10% each 10 levels ``` **Pets** follow a different formula because they are a mostly idle game. Our objective is to ensure that pets offer rewards that are approximately 85-90% of tools with the same attribute levels. ```python #Ducks, Cows, Chickens: reward = 35 * loveMeterPercent * head_reward_multiplier * health_multiplier * flattener * f2 flattener = (1 + levelFunction(head.level) / 100) f2 = head.level > 50 ? 1 : (head.level / 100 + 0.5) #Cats and Dogs: reward = bonus * loveMeterPercent * adventureMultiplier * head_reward_new * 10 * flattener * f2 f2 = head.level > 90 ? 1 : ((head.level / 100) * 0.4 + 0.6) adventureMultiplier = {'1h': 0.1, '4h': 0.2, '12h': 0.4, '24h': 0.}[adventureTime] ``` While we always aim for complete transparency on our platform, we would be remiss if we didn’t give you the opportunity to have fun discovering gameplay mechanics. Remember, it is not all about the numbers. Gameplay is subjective, and you might find your special niche within the game that gives you the advantage over the NFT attributes. # NFT Renting, Boosting, and Crafting You are not done once you own NFTs; it's only the beginning! You can make even more use out of them by taking them to a whole new level. There are several exciting features that will be rolled out over the coming weeks. **Renting** your NFTs is a feature that is exciting for the people who own many NFTs and want to earn passive income from their collection. On the other hand, people who can’t afford to buy a Gen-0 NFT will be able to rent it out and access Play and Earn experience in DeFi Land. **Boosting** will be a feature that allows you to pay a fee in $DFL to skip the energy/upgrade cooldown and get right back to earning with your favorite NFTs. Did we mention that eventually you will be able to separate your NFT attributes and make super-NFTs? It’s never too late to collect your favorite NFT attributes, because soon you will be able to split, mix, match, and trade NFT attributes in our homegrown marketplace. **Crafting** will provide a wide variety of opportunities. Gen-0 NFT holders will be able to craft unlimited Gen-1 NFTs in special NFT crafting buildings. # Quests, Achievements, and Leveling Achievements and Quests are XP-restricted activities in DeFi Land, aimed to provide additional opportunities to our best players. More information on Achievements and Quests will come soon. ### Achievements Achievements in our Play and Earn mode are very similar to free-to-play mode. These are very important as they can give players the opportunity to learn more about the game as well as the industry. In Play and Earn mode, we will be featuring some additional achievements that are not available in free-to-play mode. Achievements are created to keep players more engaged and increase their earning potential. ### Quests Quests in DeFi Land are somewhat similar to achievements, but the difference is that they have certain time restrictions. There will be daily, weekly, or even monthly quests in our game. ### Leveling and farmer's pass As mentioned earlier, in DeFi Land there are special XP achievements that you can complete. These points will enable you to access different levels, similar to other games. While levels do not play a major role in DeFi Land, they still can be quite important. There will be some requirements in terms of how high your level has to be to perform "legendary" activities. For example, you will have to reach a certain level to have a river on your land or have different types of decorations. To put it simply, levels can be used to show that you are actually passionate about DeFi Land and you are actively playing the game. Those who reach level 1000 will get their own NFT and in-game assets. We will also have seasonal farmers’ passes. If you have a seasonal farmer's pass NFT, you will be able to participate in specific tasks. It works the same way as a battle pass in games such as Fortnite and CoD. The pass will give you access to special levels of achievements and quests. Every level of quests and achievements in the farmers’ pass will have special awards and gifts for those who participate. This will make the game even more engaging and fun for our players. # Global Map 👀 # Adventure Mode When creating DeFi Land, we wanted to make sure to offer something for everyone. One of DeFi Land's offerings is Adventure Mode, which can be a lot of fun and very entertaining for gamers. If you enjoy adventures and want to get the best gaming experience, Adventure Mode is the perfect option for you. Users can experience unique storylines in which they learn the lore of DeFi Land that includes references to crypto, gaming, and memes. New adventure levels will be released monthly starting from Q4 2022. It will include semi-open world gameplay with a storyline that gives users some knowledge as well as rewards from our partners. {% embed url="" %} # Multiplayer Land Multiplayer Land will be a feature that makes everyone happy. As you might have guessed from our [Retail Onboarding and Education](/play-and-earn/gamified-defi-land-free-to-play/retail-onboarding-and-education) features, users will be able to challenge their friends in different activities such as farming, fishing, etc. Winning those challenges will generate XP as well as some in-game rewards. That's great...but it gets even better. Most of us miss how we used to play "Mario Party" with friends. Some of you are playing "Pummel's Party" today as well. DeFi Land multiplayer mode will be combining 30+ quality mini-games in which users will be able to compete with each other. Players will be queueing up for "competitive mode" to earn rewards. They will have to go through multiple randomly chosen games and try to survive the longest time. Users will be able to practice without any stake or reward in practice mode, but in order to compete for prizes they will need to stake their NFTs or provide in-game currency. Games will be chosen from various categories such as racing, fishing, hunting, survival, and more. We plan to start our first multiplayer land alpha test at the end of Q2 2022. # Multichain Lands ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FW1wNaScHnL6H3EyQ85vv%2Fimage.png?alt=media\&token=45dfc503-3b3b-4644-b6f1-7cd9caf6d2ad) DeFi Land is a multichain gamified asset management layer for decentralized finance. There are numerous things that users can do in DeFi Land. From simple swaps to detailed learning about the industry, DeFi Land is a great option for beginners to get started in the crypto industry. Not only do we gamify DeFi but also provide easy-to-use, low-entry-fee, play-to-earn games in the most adopted gaming style in the world: **farming.** We believe that future is multichain and there is no way that the crypto industry will end up with one chain. That's why DeFi Land is going to build on top of various chains such as Terra, Binance Smart Chain, Avalanche, and Ethereum layer 2s. DeFi Land will have different islands for different chains featuring their own ecosystem protocols, the same way it is on Solana right now. These islands will be accessible from the same website and will be connected through bridges so that users can transfer funds from one to another. Cross-chain bridges will be represented by physical bridges in our game. The future of DeFi Land is chain agnostic. We aim to consolidate NFTs, DeFi, and gaming experiences from various chains in one place to help crypto go mainstream. {% embed url="" %} # DeFi Land token - DFL

Planned and Active Use-Cases

$DFL is a governance and staking currency with an abundance of use cases in our ecosystem. $DFL will be the ruling currency in the game giving you the power to craft, upgrade, and boost. This will help you maximize your earning potential in DeFi Land. We will use $DFL to trade in our homegrown NFT marketplace without additional transaction fees. In addition to in-game elements, DFL has staking and governance utility. $DFL stakers will be rewarded with priority access to whitelists based on their weight in the staking pool, and long-term stakers can earn community NFTs. Eventually, revenue generated through the DeFi Land Treasury will be redistributed among our stakers. Lastly, $DFL will also be used to govern our protocol. Players will be able to decide the way our game develops. To promote the sustainability of our ecosystem, we introduced $GOLDY. This is a secondary currency that is used predominantly for in-game microtransactions and rewards. $GOLDY is entirely community driven and is minted strictly to distribute rewards among our players. $GOLDY has many use cases and is burned with every transaction. # Tokenomics In total there can be 10,000,000,000 DFL in existence. However initial circulating supply is 586,335,000 DFL (5.86%) ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2Fr19RrCL9BhuiuLWluhzo%2Fimage.png?alt=media\&token=50941095-af6d-4371-9015-c680706e2aae) ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2Fq8VtzjS6SObo76IH8mzL%2Fimage.png?alt=media\&token=e8878df9-e42d-4c55-b049-286c8a5c0def) ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FHHvOQ40YYoh12Z23BkM7%2Fimage.png?alt=media\&token=66230790-f793-4546-b99f-6fe667ffec35) # Introduction to DeFi Blockchain technologies emerged in the aftermath of the global financial crisis of 2008, after the exposure of the intertwined corruption, greed, and fragility of centralized banking systems. This peaceful revolution is a paradigm shift to bring accessibility, transparency, and sovereignty back into the global financial system. Decentralized Finance, or **DeFi**, is our term for financial services that operate on the blockchain. DeFi offers direct payments without borders, seamless trading of digital assets, and incentives for users who participate directly in protocols. Together, these technologies empower the masses through true autonomy over their digital assets. DeFi is intimidating at first. You will need to learn new terminology, navigate fundamental concepts in finance, and have a basic understanding of the underlying tech. Our educational curriculum in DeFi Land will cover everything from setting up your first digital wallet to being a full fledged liquidity provider on DeFi protocols. ## The Blockchain Will Power the Future of Finance **Decentralization:** The blockchain is a public ledger built on open source code. This decentralized transcript of all transactions occurring across the world eliminates the need for centralized institutions, while improving the transparency and accessibility of the entire financial system. There is a wealth of benefits that stem from the blockchain: * Your finances are available 24/7 and can be transferred across borders with minimal latency. * Anyone can participate and earn rewards from DeFi protocols. * No government policy can influence the underlying technology of the blockchain. * Transaction agreements are made transparently, and ownership of your finances is absolute. What’s yours is yours. By putting the trust of financial systems into the consensus of the masses, we can pave the road toward opportunity for all. **Trustless is trustworthy:** DeFi is designed to be accessible to anyone with a digital wallet and ownership of crypto currencies. We call it “trustless” because it doesn’t matter who you are – you are welcome to participate in the network. Unlike systems that rely on knowledge of their customers, good DeFi protocols are designed where it doesn't matter who the customer is. The code is law and often open-sourced, transparent, and built to welcome anyone into their features. Long story short: if you can trust the public blockchain, you don’t need to trust anyone else. **Security of your assets:** We’ve all heard the stories of crypto hacks, lost funds, accidental transfers, and scams. But what many people outside of crypto don’t know is how secure the blockchain is. All of these hacks and exploits occur on unsecure protocols or due to human error. Your assets on the blockchain are astronomically secure, to the extent that it would take the greatest computer on earth longer than the history of the universe to guess your private keys. **Proof of ownership:** There are few services on earth that can prove ownership with the power and integrity of the blockchain. NFTs can be used for art, video game items and skins, ticket sales, home and car titles, receipts, newsletters – literally anything that you want to be etched on the blockchain to optimize culture, entertainment, and your life. **Breaking the cycles and entering the new frontier**: The blockchain operates beyond barriers, borders, and systems of oppression, offering one last beacon of hope against a seemingly endless cycle of exploitation. It can serve as an onramp to payment systems for the billions of unbanked citizens of the world, offer sovereign and dependable forms of money, revolutionize art, gaming, and social media, and even help create a standard for new nation-building. **It’s just a vibe:** Blockchain communities can represent a positive change in internet culture when they are focused on the right priorities. When a community is built around the positive values of decentralized technologies, they can foster an extraordinary digital ecosystem. ***Disclaimer:** We aim to bring education of blockchain technology to the masses. None of the statements made should be interpreted as financial advice. We strongly suggest that you do in-depth research and consult the advice of experts before making any financial decisions.* \
# DeFi Quick-Start Guide ## Choose Your Digital Wallet and Get Started **By following this guide, you can set up a crypto wallet and connect instantly to your first web3 application. This lesson will give you the confidence to join the world of web3 in just a few minutes. All you need is a trusted browser (we recommend the Brave browser), a piece of paper, and a pen.** A crypto wallet is your gateway to the blockchain and web3. A single wallet address can be used to prove ownership of your cryptocurrencies, transfer tokens throughout the world, store and trade NFTs, and instantly connect to thousands of web3 applications. Remember: your crypto assets are not stored in a physical wallet, a bank deposit box, or even a cloud server. Instead, your assets are stored on the decentralized blockchain, where your assets can be accessed 24/7 from anywhere in the world. To prove ownership on the blockchain and securely manage your assets, you will need the “crypto version” of a username and password. These are known as your **public key** and **private key**. * Your **public key**, more commonly referred to as your **wallet address**, proves your public ownership of crypto. This string of numbers and letters functions like a username for your assets on the blockchain. Your wallet address can also be used to connect to web3 applications without any tedious sign-up process. Knowing a person’s wallet address allows you to see their crypto and NFTs. However, you will need a password to take control of the wallet. In crypto, we use auto-generated and astronomically-secure passwords called “private keys.” * Your **private keys** provide access to your funds and give you the ability to approve transactions. Your private key is a randomly generated 256-character “password” that helps keep your wallet so secure that no computer on earth can guess it within the lifetime of the entire universe. You will likely never need to see your private keys. Instead, you will unlock your wallet with your **seed phrase**, which is a 12-24 word “master password” generated by the wallet. Your seed phrase grants full and premanent access to your wallet. Even if you lose your computer or its shattered into bits, you can migrate your wallet to a new device using your seed phrase. You’ll hear us say this a few times throughout our lessons: do not ever share your private keys or seed phrase. **Do not share your seed phrase with friends, family, or even customer service representatives.** Once again, no one but you should ever see your private keys or seed phrase! Crypto wallets come in all shapes and sizes, but one thing in common for every trustworthy wallet is that you are the only person who is ever in control of your seed phrase and private keys. Alright, now get your pen and paper ready and we will get you started with your digital wallet. ## Phantom Wallet New User Sign-Up Phantom is one of the most trusted names in Solana. Their wallet is slick, seamless, and has many integrations that make it easy to manage your tokens and NFTs. The best of all: you can have a ready-to-go wallet in the blink of an eye. 1. [Download the Phantom extension](https://phantom.app/download). It is important to always double-check that you are downloading the correct extension. You can confirm that you are in the right place by visiting their official website and reading the reviews for the extension. 2. Once you have Phantom loaded in your browser, select **“Create New Wallet.”** You will be asked to create a password and agree to the terms of service. This is not your private key. This is simply a password that will grant a user access to the Phantom plug-in. Create a strong and secure password. 3. Phantom will automatically generate your “Secret Recovery Phrase,” also known as your seed phrase. This is a collection of 12 words that serve as a master key to open your wallet. **Do not share this string with anyone. Knowing your seed phrase gives you complete access and control over every wallet attached to your Phantom wallet.** Instead, write your 12-word seed phrase on your piece of paper. Many people choose to write their seed phrases on two pieces of paper and store them in secure locations where they will not lose them. For example, you might store one piece of paper in a locked box at home and the other in a safe-deposit box at a bank. 4. After you continue from your seed phrase, Phantom will show you some new features, plug their social media, and then auto-generate your first wallet address. There you have it! You now have your crypto username (your wallet address) and your crypto password (seed phrase). You might be wondering, what was the point of generating that password in the very beginning? Instead of entering your seed phrase each time you want to use Phantom, you only need to type in your custom password to unlock your wallet on your device. Therefore, you can go ahead and stash your seed phrase in a secret location. You will only need your seed phrase again when you want to access your wallet address from a new device or migrate your wallet address to a new crypto wallet provider. Now for the fun part! Let’s see how easy it is to connect to a decentralized application on web3 using your wallet address. 1. Head over to [play.defiland.app](http://play.defiland.app/) 2. Choose Phantom wallet from the list of accepted wallets. This will automatically generate a transaction that you can sign from your Phantom wallet. Approve this transaction. 3. Click Play. Boom! Just like that, you are connected to the world of web3. The easiest log-in ever? We think so. 4. Within DeFi Land, you can complete DeFi tasks to earn achievements and learn more about the technology.
# The Decentralized Exchange ### Definition A DEX is a digital marketplace where you can swap between any two tokens on the network it serves (think SOL-DFL, ATLAS-USDC, RAY-SOL, etc.). ### All you need to know A DEX does not rely on an order book of buyers and sellers. Instead, a DEX relies on thousands of users contributing their tokens to liquidity pools. A liquidity pool is a source of tokens used by the DEX to make transactions. This pool is funded by people like you contributing their tokens. When enough people lock their tokens in the liquidity pool, the DEX can use a software algorithm (also known as an Automated Market Maker, or AMM) to determine a fair price based on the supply and demand of the tokens. Once again, a higher liquidity (in this case, a larger volume locked in the liquidity pool) correlates with the DEX being able to provide a reasonable and stable price for the financial assets. It is important to understand that you don’t have to necessarily choose between fully centralized and fully decentralized. In fact, the benefits of centralized and decentralized exchanges can coexist on a single platform, and programmers are finding ways to combine the two. For example, Raydium uses the permissionless Serum DEX liquidity pools but then compiles them into a centralized order book. This allows users to place limit orders and enables unique methods for launching new tokens in public sales. ### How does a DEX work? A major challenge on the path to understanding DeFi is the fact that you need to begin from the ground up. That is, you need to abandon your standards of familiar monetary systems and build a new foundation with the pillars of automated, decentralized market making. The concept of the decentralized exchange, or Dex, exemplifies this perfectly. The underlying ideas are not far-fetched; in fact, they are incredibly logical. The Dex puts the task of market making in the hands of a consistent algorithm that uses the ratio of two tokens in a liquidity pool to set the price. The main algorithm employed by the AMM can be incredibly simple. The constant product formula popularized by Uniswap ensures that the product of the token supplies in a liquidity pool are equal to a constant. This formula is shown below for the supply of Token A (`T_a`) and the supply of Token B (`T_b`). `Equation 1: k = (T_a)(T_b)` Math geeks will immediately see that Equation 1 is an inverse relationship. As `T_a` increases, `T_b` decreases and vice versa. This creates a mathematically defined price, where the price of Token A (`P_a`) is set by the ratio of supplies in the liquidity pool: `Equation 2: P_a = T_b / T_a` Put into plain English, Equation 2 states that the total supply of Token B divided by the total supply of Token A represents the relative value (or price) of Token A. **Example:** Suppose you have one Solana token in your wallet and the market price is $100 USD. You’d like to swap your SOL token for 100 USDC. While trading a Solana token for a stack of USDC tokens might feel like you are selling your SOL (no pun intended), you are not actually trading with another person. You are swapping SOL for USDC using the SOL-USDC liquidity pool. The DEX will provide an estimate for how much USDC you will receive based on the current ratio of SOL to USDC in the liquidity pool. Note that this ratio symbolizes the demand for the tokens relative to one another. The AMM will adjust the price according to the new ratio of SOL-USDC in the liquidity pool. The size of a liquidity pool is measured by the **Total Value Locked**, or TVL. For a DEX liquidity pool, TVL is the sum of the supply of the two tokens (in our example, `T_a` and `T_b`). There are two main areas of concern regarding TVL, but we will start with how it protects the token from experiencing large, immediate price fluctuations. Liquidity pools often grow over time, but there are a few times in the early life cycle of a project when liquidity pools might be small relative to the transaction volume. When this is true, a single transaction can cause a large shift in the ratio of Token A and Token B. Based on `Equation 2` above, if the ratio of the tokens changes significantly, this can have a drastic impact on the price. The price impact of a single transaction is known as slippage. To protect users from undesired price impacts from token swaps, users are asked to select a **slippage tolerance**. Slippage tolerance, which is typically set at a default 0.5%, is the amount of price fluctuation a user is willing to accept to make a single transaction. Setting a slippage tolerance does not mean you will pay 0.5% more for your transaction, but that you will accept a 0.5% less favorable rate on your token swap if your transaction impacts the liquidity pool. If you receive an “Insufficient Liquidity” error, this means that your transaction will cause a price impact greater than the 0.5% slippage tolerance. In order to execute your trade, you must increase the slippage tolerance until the DEX accepts your trade. This typically occurs when the TVL of the liquidity pool is too low to prevent significant price fluctuations for transactions. On the other hand, our example from above used a transaction of one SOL token in the SOL-USDC liquidity pool. Because the SOL-USDC liquidity pool will be quite large on any popular exchange, this transaction will have a virtually zero impact on the price. # Tokenomics 101 ### Definition The methods used by a crypto project to distribute and manage their token supply. ### All you need to know Tokenomics is a mash-up of the words, “token” and “economics.” The term refers to how a project distributes its locked token supplies and how many tokens will eventually be released into circulation. A project should also explain what the tokens represent in their ecosystem. Does owning the tokens offer shares in the company? Revenue share? Governance? Access to special features? When a project releases its tokenomics, they might also include how they intend to manage the token supply through burns and emissions. Let’s navigate these topics by discussing the main points you’ll read about in a project’s tokenomics. #### Supply and Market Cap Supply is the quantity of tokens available. Market cap is the total value of a project, calculated by multiplying the supply by the token price. For many projects, there is a difference between the circulating supply and the total supply. * The **circulating supply** refers to how many tokens are currently available to be traded or locked into staking contracts. The current market cap can be calculated by multiplying the circulating supply by the price of the token. For example, if a token costs $0.02 and has a 100 million circulating supply, the market cap is $2 million. * The **total supply** refers to the sum of the circulating supply and locked tokens. Projects will often release a limited supply at first. Then, they will release more tokens into the circulating supply. You can estimate the fully diluted market cap by multiplying the current price by the total supply. The tokenomics for a project will cover the reasoning behind the release of tokens into the circulating supply. #### Token Distributions Some crypto projects are community-driven and others are supported by private investors. This plays an important role in how the tokens are initially distributed. If a project is community-driven, the team will rely on the public to purchase and support their project. The team can sell tokens on public exchanges to raise money to build their project. A community-driven project might also rely on **airdrops** to raise awareness of their token. Airdrops use on-chain data to collect a list of wallets that have been active in an ecosystem that is deserving of receiving a free allocation of a token. If a community is supported by private investors, they may sell tokens to venture capitalist (VC) funds and other investors for a set price before the token is available to the public. The project can use these funds to begin building their project, and then release the token to the public later on. The tokenomics of a project should cover the supply of tokens distributed to the public, private investors, the team, and the project ecosystem. The tokenomics should also cover when the private investors and team are permitted to sell their “unlocked” tokens. Let’s dive a bit deeper into this and evaluate how two simplified projects distribute their tokens: 1. Project A is a community-driven project on the Binance Smart Chain. They have 10 million tokens total. The team sets up a liquidity pool on Pancake Swap to allow users to swap BNB for Token A. Their tokenomics state that 60% of their token supply is reserved for the public, 10% is for the team, and the remaining 30% will be used for the project ecosystem (such as distributing staking rewards and marketing). Because this project did not accept private investor money, early adapters got into the project at a very low price/market-cap. However, a disadvantage to this method of token distribution is that the team will face challenges raising cash to continue developing without negatively impacting the price. With so many projects out there, community-driven projects have a low rate of success. Nonetheless, when a strong community rallies around a great team, there can be exceptional opportunities. 2. Project B has a Solana token with a total supply of 10 million tokens. They received 5 million dollars in funding before their project launched to the public. To raise these funds, Project B distributed 2 million of its tokens to private investors and venture capitalists. Their tokenomics state that 20% of their tokens are for private investors, 20% is for their team, and 10% is for a public sale at a higher price. The remaining 50% is for the ecosystem and will be released over 5 years to stakers and community members. To protect their token price as much as possible, the team and private investors agreed to keep their tokens locked for the first six months with scheduled unlocks every 3 months afterward for 2 years. Project B is benefitted by the connections and funding of the private investors. However, retail investors do not have the same opportunities of being “early adopters” compared to a community-driven project. You can see that whether a project is community-driven or supported by private investors offers a distinct set of advantages and disadvantages. While you cannot simply say that one of these strategies is better than the other, the way the tokens are distributed is certainly something to keep in mind when evaluating whether a project fits into your portfolio. #### Supply Management A project is responsible for how its tokens are distributed and managed. **Emissions** are token releases from a project’s locked token reserves. Many projects afford themselves the flexibility to offer rewards for participating in their ecosystem. They do this by distributing tokens from their locked supplies or marketing wallets. By nature, this dilutes the circulating supply, so projects need to be careful with how many tokens they release for these incentives. It is important to understand that emissions can raise a project’s market cap without a change in price because they add tokens directly to the circulating supply. Therefore, the emissions need to be worth it to attract new users and bigger investments, and the project needs to deliver while the token supply is being diluted to keep up with the short-term inflationary pressure. Here are some examples where a project might use emissions to benefit their ecosystem and reward their community: * **Airdrops, community rewards:** The project may incentive active members of the community through giveaways and promotional events. This creates a network of token holders and spreads initially liquidity throughout the ecosystem. Always exercise caution when hunting for airdrops - thoroughly research any project offering airdrops, especially if they require connecting your wallet. * **Single-sided staking:** Projects reward users who lock their tokens in a liquidity pool. This is a method of incentivizing investors to be holders and not traders. * **LP staking:** Tokens require liquidity to be traded on decentralized exchanges. A project can establish a liquidity pool for its token, but they will eventually require more liquidity to prevent extreme volatility. The project can incentivize users to join their liquidity pool by offering LP staking. This is where a user stakes their LP tokens (their proof of contributing to the liquidity pool) for additional rewards. * **Gaming mechanics:** Play-to-Earn games require emissions to get the in-game economy up and running. A project can carefully allocate rewards to players based on their in-game performance. Over time, other mechanics (like costs for upgrades in the game) can take the place of emissions, as long as the game turns out to be attractive enough to players. Although these rewards are most frequently generated through emissions, this does not mean that all rewards distributed from a project to its community are inflationary. When a project succeeds and generates revenue streams, rewards from emissions can be replaced with distributions of profits. Therefore, projects typically have schedules to reduce emissions over time as the project and user base grow. On the other hand, you have **burns**. Burns are events that permanently remove tokens from the total supply. To initiate a burn, the project will designate a wallet as a burn address. A burn address can accept tokens but is not permitted to send tokens. Effectively, any token sent to a burn address becomes worthless, or burned. A project might consider burns to increase the scarcity of their token. When tokens are burned from the circulating supply, the market cap can decrease without a change in price. This creates deflationary pressure, which may be perceived as a bonus to investors. Burns can be a part of transactions, game mechanics, or promotional events. ### Overview If you are researching a project and any of these details are missing, it would be wise to consult the team before investing in the project. Tokenomics give fundamental insight into the supply of the token, which is critical for the price. Therefore, you cannot set reasonable expectations for the performance of a token without an understanding of the tokenomics. Remember, good tokenomics do not imply a good project AND vice versa. A project might attempt to incentivize early investors with token burning, limited circulating supply, and community driven distributions, but there are many other variables you should use to measure the viability of the project. Always do your own research and take your time evaluating a project before becoming an investor. # Liquidity Pools ### Definition A liquidity pool is a group of funds bound by a smart contract. The terms of the smart contract determine the utility of the funds in a specific liquidity pool. The most common use-case for a liquidity pool is facilitating token swaps on a decentralized exchange. ### All you need to know You can do a lot of things when you have a pool of money. DeFi projects reward users who contribute to their pool of money that is used to provide financial services, like token swaps, derivative exchanges, and lending platforms. There are endless ways for a project to utilize a liquidity pool. Some common applications include token swapping, lending, and creating yield for users through a range of financial products. Normally these tasks would require the funds of a central authority, like a bank or brokerage. These central authorities have the limitations of hidden fees, delayed transactions, and KYC (know your customer) requirements. However, any of these tasks can function in a decentralized and transparent way by using funds contributed to a **liquidity pool** and governed by smart contracts. Many DeFi projects are open-source and all transactions take place on the blockchain for all to see. Moreover, liquidity pools are often **permissionless**, meaning anyone can contribute (or provide liquidity) to the project and take part in the profits or incentives. **Does being permissionless increase the risk of DeFi?** While there are always risks involved in digital assets, high-quality DeFi projects are designed to have straightforward smart contracts that protect liquidity providers. The **liquidity pool** is the backbone of a DeFi protocol. Therefore, a project will often incentivize people to contribute to their liquidity pool. Rewards for being a liquidity provider include earning a share of rewards, fixed emissions from the project’s locked token supply, and voting rights (also known as governance). Before depositing your funds into a liquidity pool, you should thoroughly review the project, the terms of the smart, and the rewards you earn by participating. **Example 1:** The most common use of a Liquidity Pool is when a decentralized exchange (DEX) uses liquidity pools to allow users to swap between two tokens. Liquidity providers contribute two tokens in equal value to a liquidity pool, such as the DFL-USDC liquidity pool on Raydium. When someone uses the liquidity pool to swap between USDC and DFL tokens, they pay a small transaction fee. This transaction fee is distributed among liquidity providers to reward them for their contribution to the liquidity pool. **Example 2:** A lending protocol has a native token. The lending protocol allows users to stake their tokens in a liquidity pool. This liquidity pool is used for collateral when distributing funds, and all stakers obtain voting rights to approve or disapprove of the loans. When stakers vote to approve a loan, they earn a percent of the interest on the loan. # Single-Sided Staking {% hint style="info" %} [Learn About Staking in DeFi Land!](https://defiland.medium.com/defi-land-dfl-single-sided-staking-97536a8959d1) {% endhint %} ### Definition An incentive provided by projects to lock your tokens in a smart contract in exchange for rewards. Single-sided staking rewards users to buy and hold the token. ### All you need to know Staking is a way you can get paid to hold, and not trade, your tokens. Investors tend to look favorably on high-quality projects that offer staking incentives. Single-sided staking is a popular feature in many crypto projects. Users can lock their tokens in a liquidity pool and get a portion of rewards distributed to stakers. Projects generate these rewards by releasing token emissions from locked reserves or by sharing income generated through the protocol. Staking can also be a way for projects to allow the users to participate in governance. Stakers can receive special voting rights on decisions made by the project, such as shaping the roadmap for the project. If a project has staking, you can access the liquidity pool by connecting your wallet to their website. **Example:** DeFi Land offers single-sided staking in our bank building and website. Staking in DeFi Land means you are locking your tokens for a fixed or flexible amount of time in return for a yield paid back to you. A flexible staking protocol allows you to collect yield with the freedom to withdraw your tokens whenever you wish. A locked staking protocol allows you to benefit from higher returns by committing to a specific time, during which you are unable to withdraw your tokens. In both cases, you are staking your tokens in return for yield paid in $DFL that you can withdraw. Staking not only gives you these rewards, but it also qualifies you for free NFT rewards and getting to be first in line for other major releases (land sales, in-game resources, access to new features, and NFT drops). # LP Staking ### {% hint style="info" %} [Learn About DeFi Land LP Staking!](https://defiland.medium.com/introducing-defi-land-lp-staking-151891e48d47) {% endhint %} ### Definition An incentive provided by projects to lock LP tokens in a smart contract in exchange for additional rewards on top of the exchange fees distributed to liquidity providers. LP staking represents a commitment to maintaining your contribution to a liquidity pool. ### All you need to know You join a liquidity pool for a token pair and receive LP tokens as your receipt. This earns you a share of fees from the liquidity pool. If a project also has LP staking, you can stake your LP tokens on their website for additional rewards. Liquidity is essential for any asset to achieve price stability and cryptocurrencies are no exception. A token achieves sufficient liquidity on popular decentralized exchanges, such as Raydium and Uniswap, by having large liquidity pools for their token swaps. The exchange itself incentives users to contribute to liquidity pools by distributing fees fairly among liquidity providers. However, a project or exchange can further incentivize users to participate in liquidity pools by offering rewards for staking their LP tokens. Becoming an LP staker for your favorite project can be quite simple: 1. First, you must contribute liquidity to the appropriate liquidity pool. For example, to join the DeFi Land liquidity pool, you will need to contribute to the DFL-USDC liquidity pool on Raydium. You must contribute equal values of each token to the liquidity pool. You receive LP tokens in return, which are your “receipt” for being a liquidity provider. 2. Then you can go to the project’s staking user interface, and stake your LP tokens to gain additional rewards. Staking your LP tokens can be thought of as a second layer of commitment to maintain your liquidity in the liquidity pool. LP staking rewards are often funded by fixed emissions from the project. Just like single-sided staking, is common for projects to pay for rewards using fixed emissions (unlocking token supply to distribute among users) or income from the project. \
# Impermanent Loss ### Definition The loss in value of a liquidity pool contribution relative to the value of the tokens if held outside of the liquidity pool. Impermanent loss occurs when two tokens in a liquidity pool diverge in price and goes away if those tokens return to their original values. Impermanent loss does not necessarily imply a loss in net worth; rather, it objectively measures the disadvantage of holding your tokens in a liquidity pool versus holding the tokens in your wallet. ### All you need to know You might be at a disadvantage when you contribute your tokens to a liquidity pool compared to holding the tokens outright. Yield farmers hope that the fees they earn through the liquidity pool are greater than their impermanent loss. ### Key Points Summary To summarize, here is impermanent loss explained in five bullet points: * **Golden Rule:** Based on the algorithms that govern the liquidity pool, you will always become less exposed to the better performing token. This results in impermanent loss. * **Impermanent loss** impacts a yield farming position whenever the underlying tokens diverge in price. It can impact you when your tokens increase in value and it can impact you when your tokens decrease in value. * If impermanent loss outweighs the fees gained by your yield farming position, you are at a disadvantage holding your tokens in a liquidity pool instead of holding the tokens outside of the liquidity pool. * If the impact of impermanent loss does not outweigh the fees earned by a yield farming position, you are at an advantage holding your tokens in the liquidity pool instead of holding the tokens outside of the liquidity pool. Impermanent loss does not imply that you have lost money. If your tokens increase in value, you can make money and be impacted by impermanent loss. This is why we refer to impermanent loss as a disadvantage rather than an actual loss of funds. ### All the Rest Have you ever joined a liquidity pool and come to find out you have less of a token you contributed than you did before? Have you ever compared your gains to a friend who holds the tokens in their wallet instead of a liquidity pool and realized they are outpacing you? These situations occur because of the rules of the decentralized exchange and result in **impermanent loss**. Suppose you contribute Token A and Token B to a liquidity pool. The decentralized exchange (DEX) is permitted to trade your tokens to maintain a balance in the liquidity pool that reflects the demand for each of the two tokens. This happens when the two tokens diverge in price. When Token A increases in price compared to Token B, the DEX will sell Token A and buy Token B. This gets us to the golden rule of impermanent loss: Based on the algorithms that govern the liquidity pool, you will always become less exposed to the better performing token. Therefore, you are at a disadvantage in the liquidity pool versus holding the tokens by themselves. **Why does this happen?** When you contribute to a liquidity pool, you commit your tokens to the rules of the DEX. This includes the fact that the DEX will alter your ratio of tokens to maintain a constant product of the two tokens. We can express this mathematically as: `k = (T_a)(T_b)` where `k` is a constant equal to the product of the supplies of token a (`T_a`) and token b (`T_b`). Impermanent loss is a result of the automated market-maker (AMM) algorithm that enables liquidity pools to set “prices” for token swaps. This is a fancy way of saying that the DEX relies on a balance of tokens to set the price on the exchange. When the demand for one token increases more than the other, your ratio of tokens changes. The DEX sets prices using an equation that is just as straightforward. The price of Token A (P\_a) is given by the ratio of the supply of Token B to Token A: `P_a = T_b / T_a` or in a friendlier format: $$\text{price} = \frac{\text{supply\_token\_a}}{\text{supply\_token\_b}}$$ Therefore, when Token A becomes more valuable, that means there is less supply of Token A and more supply Token B in the liquidity pool. Again, the liquidity pool will swap ***your*** tokens to make this happen. Impermanent loss will hinder your gains, but you should remember that you are collecting fees from the DEX the whole time. If you believe the fees will be worth the disadvantages of impermanent loss, you should consider liquidity pools as a method of diversifying your investment strategy. If you believe the impermanent loss will be greater than the fees gained through the liquidity pool, you might want to consider single-sided staking or holding the tokens outright, instead. Take a look at the examples below that show the impact of impermanent loss on your liquidity pool contribution. We will start with a $1000 liquidity pool in each example and assume that Token A has a price equal to $0.25 and Token B has a price equal to $0.10. To make a $1000 liquidity pool, you contribute 2000 Token A and 5000 Token B. Let’s see what happens when the prices change. **Example 1:** Token A skyrockets to $1.50, while Token B remains constant at $0.10. As Token A increases in value, the DEX will swap some of your Token A for Token B. You will end up with 816.50 Token A and 12247.45 Token B. You have less than half of our original Token A! If you had held the tokens without contributing them into the liquidity pool, you would have $3500. Instead, you have $2449.49 in total value. Is this the end of the world? No, you have over twice the amount that your originally had plus all the fees you would have collected during this time frame. However, it is said that your impermanent loss is about 30% because impermanent loss is technically a measurement of the disadvantage of holding your tokens in a liquidity pool. **Example 2:** Token A plummets from the original $0.25 to $0.05. Again, Token B remains the same. You will end up with 4472.14 Token A and 2236.07 Token B, valued at $446.21. You are losing value due to the depreciation of Token A’s price but you are actually losing more than if you were holding the tokens. This is because you are suffering an additional \~25% impermanent loss in addition to the depreciation of the token. If you had held the tokens outside of the liquidity pool, you would have $600. **Example 3:** In one year from now, the token prices have not changed at all. You experience 0 impermanent loss and you collect a year’s worth of fees. You were at an advantage holding your tokens in the liquidity pool. # APR vs. APY ### Definition APR (annualized percent rate) is the interest made after one year of an investment without compounding the interest or gains. If you include compounded interest, you now have APY. APY (annualized percent yield) is the interest made after one year of an investment with auto or manual compounding included. ### All you need to know APR and APY both reflect the interest made from an investment over one year. The difference is that APY includes compounding your interest, while APR does not. APY in DeFi is an estimate based on historical averages and does not guarantee future returns. There are a variety of opportunities in DeFi to collect yield on your investments. When you visit different projects in search of yield, you might see APR or APY and wonder why one term is displayed and not the other. When a project does not offer auto-compounding, they will report your annual interest as APR. When a project does offer auto-compounding, they mathematically derive the APY using the equation: $$ APY = ( 1+\frac{APR}{n})^n - 1 $$ In this equation, *n* reflects the rate of compounding interest in a year. If you auto-compound daily, *n* = 365. If you auto-compound weekly, *n* = 52. If you compound monthly, *n* = 12. **Example:** A staking pool has a 24% APR. They have an auto-compounding feature that will automatically reinvest your tokens every day. When you turn on auto-compounding, your APY is 27.11%. As you can see, your total returns are higher when you compound your interest. On a side note, you might be familiar with APR from credit cards. In this case, they are charging you so they want to show you the smaller number. However, that APR does auto-compound if you miss payments and the APY ends up being much higher. Always read the fine print, friends. Unlike fixed yield products (think things like bonds and CDs), APRs for DeFi investments (like staking and liquidity providing) are likely to change over time. This is because your returns on DeFi investments are dynamically calculated to ensure fair distribution to all participants. For example, in the DeFi Land staking pool, your share of the fixed emissions is proportional to your weight in the staking pool divided by the Total Value Locked in the staking pool. If a large investor removes their position from the staking pool, your percent share of the staking pool will increase and your APR will increase. Be smart when chasing APY in DeFi. Protocols will lure users in with high APY, but it is important to remember to only put your hard-earned tokens into projects you understand. You’ll notice that higher APY generally correlates with higher risk and volatility. The APY for stablecoins and bluechips is typically low, while the APY for risky lending platforms is high. Here are some questions you should ask and red flags you should consider: * ***Do I understand the project?*** If you don’t understand what you are investing in, don’t even touch it. Instead, continue your learning journey! * ***Does a 1000% APY mean my investment is going to be worth 10x after a year?*** No. Protocols usually take a 7-day or 24-hour average to estimate APY. The APY could dramatically change very quickly. Additionally, if you are seeing an extremely high APY, you are likely looking at an investment that involves significant risk. The advertised APY does not account for price changes in the underlying investment or rewards. * ***What is the currency for the rewards?*** A protocol might offer high APY but the payout is in a random token that is printed to generate the rewards. These are often called “reward tokens” and have no enduring value. # Team Equality > Hierarchy All the team members have 5+ years of expertise in their fields. Each one of them bringing the unique experience and knowledge to DeFi Land. ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FNvqQu9ueyf8MRGOaAQA4%2Fimage.png?alt=media\&token=963d2455-eb33-494a-86b2-cc90b5af63ef)
NamePositionTwitter
DFL ErwinTeam Leadhttps://twitter.com/DFL_Erwin
DFL WillyPartnershipshttps://twitter.com/DFL_Willy
DFL FlochUI/3D DesignerDoesn't love to get distracted
DFL Dieter3D DesignerWell, designers have their own way
DFL ZekeFull Stack Engineerhttps://twitter.com/DFL_Zeke
DFL LeviBlockchain Engineerhttps://twitter.com/DFL_Levi
DFL MikasaBlockchain Engineerhttps://twitter.com/DFL_Mikasa
DFL ErenGame Developerhttps://twitter.com/DFL_Eren
DFL JeanGame Developerhttps://twitter.com/DFL_Jean
DFL MicheGame Developerhttps://twitter.com/DFL_Miche
DFL ReinerBack-end Engineerhttps://twitter.com/DFL_Reiner
DFL HangeBack-end Engineerhttps://twitter.com/DFL_Hange
DFL AnnieBack-end Engineerhttps://twitter.com/DFL_Annie
DFL KennyGame DeveloperToo busy, for that
DFL GrishaFull Stack EngineerLater generation, not into Twitter
# Investors & Partners ### Key notable investors of DeFi Land * FTX * Alameda * Jump Capital * Animoca Brands * Solana Foundation * Serum * Gate.io Labs * MXC * Rarestone * Coin98 * Double Peak * Dialectic * Sky Vision Capital * NGC Ventures * Sebastien Borget - Founder SandBox * Santiago Santos - Partner at ParaFi See more at ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FN8A7qbyD3NatidheFIZP%2Fimage.png?alt=media\&token=5586bad6-251b-4281-b0c1-17232de4dd79) # Roadmap DeFi Land is combination of 4 different modes: Gamified DeFi (Free for everyone), Play-2-earn, Adventure, Multiplayer. All these will be available across several different blockchains starting with Solana Land. ![](https://828642692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaOnNT24uxLAE7Dquma%2Fuploads%2FpKu9kpiNZMJawniODe1U%2Fimage.png?alt=media\&token=299352de-0921-410c-9b1c-02907abe424a) # F.A.Q. **Q: How to access the game?** \ A: You can test the public beta of our game at **Q: I didn't get the verification code. What to do?** A: Please check the Spam and Promotional folders as well. If still not in there, please reach out to the team members. **Q: Game feels laggy. What should I do?** \ A: For the best experience in web-games, you should always have a "Hardware acceleration" setting ON. Check how to do it here: **Q: My game got stuck. What to do?** \ A: Please remember that our game is still in testing release and it might have some bugs. If you get gets stuck, let the team know what was the exact reason and try to hard refresh CTRL + SHIFT + R. **Q: Team member DMed me and asked for some stuff. Is it legit?**\ A: No, we will never DM you. If someone DMs you pretending to be a team member, know that it's a scam and report them in our Discord, Telegram groups. **Q: What's the minimum investment required to start playing the game and can I earn money already?**\ A: Right now our game is in testing phase and everyone can test it for free. There is no required capital to start playing the game . The only way to earn DFL is to win in team competitions. However, Play-2-Earn will be introduced in the second half of Q1 2022. # Links Play the game - Twitter - Website - Telegram - Discord - Medium - Buy DFL on ByBit - Buy DFL on Raydium - # Technology ### Game engine DeFi Land is built using Unity Engine 2021.2.1, which allows us to create an interactive 3D experience for our farmers. The cross-platform nature of the engine gives us the ability to run the game in the browser using WebGL technology and create PC and mobile versions as well in near future. Running DeFi Land on the web helps us to integrate the many existing protocols with ease using JavaScript. ### DeFi SDK We decided to create our own JavaScript SDK since our goal is to gamify the DeFi experience and blockchain operations for users in the easiest and most cost-efficient way. Our SDK unites existing protocols under the same interface and simplifies and reduces the time it takes to integrate new protocols. Later, we will be opening it for everyone, so developers will be able to bring new integrations to the platform easily and for free. ### Backend Our backend is hosted on Amazon Web Services (AWS), the world’s most comprehensive and widely adopted cloud platform. The core backend infrastructure of the game is built using the Serverless Model that helps us to develop and maintain our system with near ZeroOps. To bring the fastest in-game experience to users, we decided to build an Asynchronous System. The backbone of our backend is implemented using CQRS and Event Sourcing microservices architectural patterns that allows the system to be rewinded to or replayed from a particular user's game state. AWS Lambda and AWS ECS Fargate are used as our prime compute engine resources. Our core messaging protocol for microservices is built on top of AWS SNS and AWS SQS. AWS DynamoDB is the main persistence layer for the game but we also use AWS S3 for storing static data and warehousing. To reduce the time of game delivery to users, we distribute static content in many AWS CloudFront Edge Locations around the globe. Endpoints for our APIs are fanned out as well. AWS Cognito helps us to implement user authentication and authorization in the simplest and most convenient way. ### Monitoring and bot control The logs from AWS CloudWatch and our proprietary event logging tool are ingested into AWS Athena, giving us the ability to monitor specific user interactions. This mechanism also enables us to gain insight into user engagement for specific features. Implementing bot control is one of the most challenging parts of our project. Currently, we are using AWS WAF and AWS Shield to prevent the system from vulnerabilities. Smart rules for AWS WAF are updated using log analysis and statistical inference. Since we have experience in ML and data science, we are also working on our own solution.