📈Staking
JUNE 2025 UPDATE: Staking Rewards Have Now Ended
The staking pools have closed. If you currently have assets staked, you can learn how to withdraw them here: Withdrawing (Unstaking SAND)
The closure of our staking pools does not affect your assets or your ability to withdraw them. However, any staked SAND that remains in the pool after 26th June at 15:30 UTC will no longer generate yield.
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What is Staking?
SAND is the utility and governance token used throughout The Sandbox's metaverse. In order to maintain a robust ecosystem, we want to encourage our community to think about the long-term vision and benefits of The Sandbox. Locking tokens within staking programs supports that vision and creates a layer of trust between all members of the community.
The first option we introduced was a (Layer 1) Ethereum liquidity providing program, which has since been discontinued. We now have liquidity providing programs on Polygon (Layer 2).
More opportunities will become available in the future, to further increase your potential as SAND owner - giving you a chance to prove your trust, and to earn even more rewards.
UPDATE: STAKING & KYC VERIFICATION
To enhance user security and compliance, we have implemented KYC verification for our staking process. Our goal is to ensure that our users' accounts are verified before they can participate in staking or claim their earnings. Unverified users can still withdraw their SAND, but only verified users can deposit new SAND and claim their weekly rewards.
Staking Dashboard
You will find the staking farms and their information in your profile at The Sandbox, under the Staking tab.
From this dashboard, you will find information about the currently available staking options. As well as the following information for each staking option:
Tokens required: The tokens you will need to stake into this program.
Total value locked: The value of all liquidity locked by members within the program.
My Rewards 7D: Your estimated 7-day reward.
Weekly Reward: The amount of rewards distributed within the program.
Current Rewards: What rewards are ready for collection.
Staking Programs
1. All SAND Owners
As long as no local restrictions apply, anyone who owns SAND can stake for passive rewards with our standard staking program. Visit the Staking Dashboard to get started.
2. LAND Owners
A dedicated SAND staking program was released in the third quarter of 2022 for LAND Owners, so that they can enjoy their own dedicated rewards. See our LAND Owners channel in Discord for news and updates.
Staking SAND
In February 2022, The Sandbox introduced gasless SAND staking on Polygon through a service called Biconomy. This program is open to everyone on the Layer 2 Polygon network, where 500,000 SAND in rewards will be added each week for the first four weeks.
Apart from any fees that it might initially cost to bridge SAND from the Ethereum network to the Polygon network, staking SAND in this program is gasless, provided that you haven't used up your monthly quota of gasless transactions.
This staking program is, in particular, a great opportunity for those who are new to staking, before considering getting involved in some of the more "heavier" staking programs.
SAND holders who provide liquidity to the program will be eligible to share a monthly allocation of 500,000 SAND.
Withdrawing (Unstaking SAND)
Withdrawing, or unstaking, is the act of removing your stake from a pool. You might want to do this if you wish to pause your staking income or if you'd like to withdraw your SAND from the pool to use it elsewhere, such as on purchasing more LAND.
Claiming SAND Rewards from Staking
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