The Pixlverse DeFi protocols will utilize a vast array of social experiences embedded within the open world metaverse to introduce a number of DeFi applications to players and teach them about these concepts and how they work. One of our core goals is to educate our user base on the power of decentralized finance and how it can be used to diversify and broaden their investment toolkit.
The possible application of DeFi protocols are incredibly vast, and many of these potential applications haven't even been concepted yet! As such you can expect the number of our DeFi protocols to steadily increase over time as our tokenomics team continue to push the boundaries of what can be offered to our playerbase (think lending, borrowing, collateralization of assets for example), however these protocols will be offered at a later date.
Our 'flagship' DeFi Protocols will initially consist of four seperate frameworks to begin to seed the required initial circulation of $PIXL token within the Pixlverse ecosystem. Each of these protocols is explained in-depth in following pages, however these consist of:
These protocols are explicitly designed to put more of the reserve currency of The Pixlverse ($PIXL), into the hands of participants with the strongest conviction in The Pixlverse and who will gain the greatest benefit from its use. This will allow for the ecosystem to flourish upon its initial launch.
The yield you generate through interacting with the protocols will be claimable at any point in time, however it is subject to a vesting schedule depending on how soon you choose to claim. This means that upon claiming your rewards, a portion of the $PIXL harvested will be unlocked immediately (these are normal $PIXL tokens and will be immediately usable just like any other ERC20 token), and a portion of your $PIXL yield will be locked (this will accrue as $vPIXL).
Until it is unlocked $vPIXL cannot be used within other Pixlverse DeFi protocols (ie staking and liquidity provision for example). However, they potentially may be able to be used for in-game transactions (minting exclusive NFTs, breeding, purchasing cosmetics etc).
$vPIXL tokens will be locked until 12 months from the inception of the flagship protocol have passed. At which point, they will unlock on a linear basis over the following 6 months.
This locking mechanism has been created to balance the significant rewards that early adopters will be provided through providing liquidity via the DeFi protocols. It helps ensure the longevitity and sustainability of the token ecosystem. The calculation of the portion of the rewards that is locked and unlocked will only take place once you claim your rewards. You can view the unlock schedule for each of these protocols within the detailed protocol explanation pages that follow.