Mineloader has officially launched Gruff’s Vault, a new initiative tailored for the thriving community of the play-to-earn idle RPG Guild of Guardians. This program enables participants to pledge their $GOG tokens and earn additional tokens without the need for any lockup periods!
Introducing Gruff’s Vault
Gruff’s Vault serves as an innovative rewards program that empowers $GOG token holders to pledge their assets and earn extra tokens from dedicated prize pools during 28-day epochs, all without locking their tokens away. By committing to retain a specific number of tokens in their wallets throughout the epoch, participants maintain complete control over their assets while reaping potential rewards. Early pledging within an epoch can lead to increased rewards.
If you have accrued any $GOG tokens from leaderboard contests or simply hold them, this initiative is an excellent way to maximize your tokens while enjoying an active role, which only requires owning an NFT from one of the game’s collections.
How to Join the Initial Epoch of Gruff’s Vault
To participate in the inaugural epoch of Gruff’s Vault, you must follow these steps:
- Pledge a minimum of 100 $GOG tokens stored in your Immutable Passport wallet.
- Own at least one Guild of Guardians NFT within the same wallet.
Guild of Guardians features five distinct NFT collections on the Immutable zkEVM blockchain. You can acquire these assets from various NFT marketplaces, including TokenTrove and Sphere. Currently, Guardians/Heroes NFTs are among the most affordably priced, sitting at approximately $1.20 in $ETH on both platforms.
Future Participation Options
While owning a GOG NFT is the sole requirement for the first epoch, additional participation methods will be introduced in subsequent epochs. These will include:
- Purchasing an item from Eri’s Store
- Making a sacrifice on the altar
Details for these upcoming options will be revealed soon on Gruff’s Vault’s dedicated page.
Getting Started
To take part, simply visit the link provided in the official announcement that leads to the program’s page, where you can connect your wallet and begin pledging your $GOG tokens. Although support for other web3 wallets is forthcoming, you can enter any time during the 4-week cycle. Keep in mind, the earlier you pledge, the greater your potential rewards.
Although the tokens are not locked, it is essential to maintain your pledged token balance. If it dips below your selected amount, your pledge will be voided and no rewards will be granted for that epoch.
Potential Rewards and Prize Pools
The inaugural epoch boasts a remarkable prize pool of 400k $GOG tokens, commencing on October 2nd at 2 PM AEST, so act fast to participate early! Please note, the specific rewards from the prize pool will be determined post-epoch based on the overall pledging duration and the total $GOG pledged. Thus, it is advantageous to pledge as many tokens as possible at the earliest opportunity to maximize your potential share.
The Guild of Guardians team will decide the prize pool amounts for the initial few epochs while monitoring token health and user engagement. Eventually, they plan to disclose a formula factoring in ecosystem activity for the community to estimate future epoch prize pools. According to current vault information, the funding sources for the prize pools include:
- 20% from web3 primary sales
- 20% from royalty fees on secondary transactions
- 20% from $GOG utilized on the altar
- 20% from net revenue from ascension seal purchases