Developer Mineloader has announced the launch of Gruff’s Vault for the community of play and earn idle RPG Guild of Guardians, allowing anyone to pledge their $GOG tokens and earn more of it without committing to any lockups!
What Is Gruff’s Vault?
Gruff’s Vault is a new rewards program that allows holders of $GOG to pledge their tokens and earn more of it from prize pools allocated to each 28-day epoch, without locking up tokens. Participants essentially promise to hold a certain number of tokens during that time period in their wallets, while still having full control over their holdings. Pledging your tokens earlier in an epoch will let you earn higher rewards.
If you’ve won any $GOG from leaderboard competitions or are simply holding them around, then this new program is a great way to put your tokens to use for a chance at increasing your stash while ‘actively’ participating by doing a simple task such as owning an NFT from one of the game’s collections.
How to Participate in the 400K $GOG First Epoch of Gruff’s Vault
To join the first epoch of Gruff’s Vault, you not only need to pledge a minimum of 100 $GOG tokens that are located in your Immutable Passport wallet, but you also need to own any Guild of Guardians NFT on the same wallet. This web3 game has 5 different NFT collections on Immutable zkEVM, and you can buy assets from these collections using NFT marketplaces such as TokenTrove or Sphere. Guardians/Heroes seem to be the cheapest assets you can find at the time of writing, with a floor price of around ~$1.20 in $ETH present on both marketplaces.
Owning a GOG NFT is the only available option for the first epoch of this system. In the future, there will be two other options you can choose to do instead to become eligible for participation. These two options including either making a purchase on Eri’s Store, or making a sacrifice on the altar. Both tasks are labelled as ‘coming soon’ on the program’s dedicated page.
With all that set up, you can head to the link found in the official announcement to take you to the program’s official page, where you can connect your Passport to start pledging at least 100 $GOG tokens. Support for other web3 wallets is coming soon. You can jump in the 4-week cycle whenever you want, but the earlier you do, the more rewards you can get. You can’t increase your pledge during the cycle, but this feature might get added in the future if the community wants it. While your tokens are not locked in this system, you’ll want to make sure your token balance does not go below the amount you chose to pledge, because if it does, your pledge is cancelled and you won’t get any rewards for that epoch.
This first epoch has a total prize pool of 400k $GOG tokens up for grabs, starting from October 2nd, 2 PM AEST, so you’re pretty early if you jump in right now. You can’t know how much rewards you’ll get from the prize pool in advance, as rewards are calculated based on the total time and ‘weight’ of all pledged amounts. Essentially though, you’ll want to pledge as many tokens as you can as early as possible for a chance at collecting a bigger share of the reward pool at the end of the cycle.
The number of tokens available in the prize pool of each epoch is up to the Guild of Guardians team to decide for the first few cycles, as they will track token health metrics and user adoption to determine a reasonable quantity. Eventually, the developers will share a formula based on ecosystem activity to allow the community to figure out what the next epoch’s reward pool will be. According to info on the vault’s page, prize pools are funded by 20% web3 primary sales, 20% of royalty fees on secondary trades, 20% of $GOG used in the altar, and 20% of net revenue from ascension seal purchases.
