· 2 min read · Nov 25, 2020
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If you have not jumped into The Sandbox liquidity mining pool, here’s your opportunity! We are extending the Liquidity Mining Program and increasing the $SAND monthly rewards.
Good news, phase 3, has been extended for an additional month. Stakers will be able to continue to earn $SAND rewards until June 26th 2021. And as part of the extension, another 1,500,000 $SAND will added to the pool. If you are already staking, there’s nothing to be done. You can leave your staking in the pool and continue receiving your rewards!
How does the liquidity mining pool work?
Miners provide liquidity to the $SAND/ETH pool on Uniswap and stake some $SAND on our platform to earn back a share of the fixed 1.5M $SAND in rewards per month. Miners then earn 5% fees plus LAND NFT yield multipliers.
Bonus: earn a yield multiplier based on LAND ownership. The more LAND you have, the more $SAND rewards you earn!
To qualify for rewards, liquidity providers need to stake their $SAND/ETH Uniswap LP tokens via The Sandbox staking dashboard here: http://staking.sandbox.game
For details on the SAND liquidity mining program and how to stake, view the details at SAND Liquidity Mining Phase 2.
For you visual learners, here are video tutorials from one of The Sandbox Ambassadors regarding the process involved with staking and claiming/exiting the liquidity mining pool:
In Phase 4, we will implement the feedback from the community and add additional NFTs as rewards. Stay tuned and give us your thoughts and suggestions via our social channels, Telegram, Discord and Twitter.
