Wizzwoods
  • Welcome to Wizzwoods
    • About us
  • Gameplay
    • Wizard Island
      • Land
      • Decorations
      • Buildings
        • Statue
        • Granary of Abundance
        • Herbarium Sanctum
        • Gem Vault
    • Wizard
    • Prosperity
    • Screaming Chicken
    • Achievements
    • Invitations
      • Regular Invitation
      • Valid Invitation
      • Invitation Rebate
      • Invitation Level
    • Mining Pool 2.0
    • Quidditch Race
    • 🆕Wizarding Arena
  • Token
    • WIZZ
      • WIZZ Token Allocation
      • WIZZ Token Release Cycle
      • WIZZ Circulation
      • Revenue distribution
      • WIZZ Token TGE Rules
    • WW
  • Crypto Diagon Alley
    • Wizard Wallet
    • Marketplace
    • Wizarding Decentralized Exchange
    • Wizarding Pawn Shop v1.0
    • Wizarding Bank (soon)
      • The Magic Ledger
  • ROADMAP
    • Roadmap
  • HOW TO PLAY
    • How to Play
    • Links
    • FAQ
  • Privacy Policy
    • Privacy Policy
  • Terms of use
    • Terms of use
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  1. Gameplay

Mining Pool 2.0

  1. Eligibility Criteria:

  • Statue Level reaches Lv.30

  • Stake Statue Level * corresponding staking coefficient in xWIZZ (Full refund after pool concludes)

  1. Prize Pool Structure:

Current prize pool consists of 500% annualized yield of the total xWIZZ staked by participants during registration Formula: Current Prize Pool = Total staked xWIZZ / 31,536,000 s * Pool duration(s) * 500%

  1. Reward Mechanism:

Mining Pool 2.0 adopts hybrid gaming + DeFi mechanism for mining rewards Formula: My APY = Prosperity APR + Base APR + Boost APR Prosperity APR: Affected by player's total island prosperity Base APR: 50% fixed Boost APR: Affected by additional xWIZZ staked in Boost

  1. Boost System:

  • Stake additional xWIZZ in Boost to enhance mining rewards

  • Boost-staked xWIZZ can be adjusted anytime

Formula: Boost APR = Prosperity APR * K * A / B K = 0.5 A = xWIZZ amount in Boost B = Boost coefficient corresponding to statue level

  1. Important Notes:

  • Each pool's limit shall not exceed the maximum Game Rewards specified in WIZZ Token release cycle

  • Base APR only applies to portions effectively increasing Pool Size

  • Boost-staked xWIZZ does not affect Pool Size

  • Mined xWIZZ can be claimed anytime during pool operation

  • All unclaimed xWIZZ (including registration stake, Boost stake, and rewards) can be claimed in Past Pools interface after pool concludes

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Last updated 2 months ago