Zentry announces launch of Vault feature to support ZENT staking

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Zentry announces launch of Vault feature to support ZENT staking

Zentry recently launched Vault , a groundbreaking core staking platform where Zentry players can infuse their $ZENT to earn Fragments. Owning these Fragments not only earns rewards within the Zentry ecosystem, but also unlocks various incentives and benefits across domains.

1. What is $ZENT Infusion?

Zentry innovates on the concept of staking. Players call pledging $ZENT to a Vault “infusing,” and withdrawing those tokens is called “unfusing.” This is more than just a change in terminology, but a feature-rich mechanic that players will quickly come to appreciate.

When players inject $ZENT into the Vault, they unlock bonus worlds called Fragments. The number of Fragments a player receives is proportional to the amount of $ZENT injected, with certain rewards based on the players role and contribution to the Zentry universe.

2. What are Fragments?

Zentry announces launch of Vault feature to support ZENT staking

Fragments are one of the most important elements in the Zentry ecosystem. The more players interact with Zentry, the more Fragments are accumulated. These Fragments start with the injection of $ZENT, and Zentry plans to launch more ways to earn Fragments in the near future.

Fragments are more than just points; they are players’ keys to exclusive events – ranging from $ZENT and partner project tokens to NFTs, whitelist eligibility, and more. The utility of Fragments is not limited to the Zentry platform: they are widely recognized as proof of value across the Web3 space, enhancing players’ reward potential in multiple areas. Players who stay active, stake their tokens, and use Fragments strategically will have the opportunity to grow their influence within Zentry and the broader Web3 ecosystem.

3. Relationship between Zentry’s Vault and Nexus

At Zentry, all products are interconnected to create a unified ecosystem. Vault, as one of Zentrys important energy sources, will be injected with a large amount of $ZENT. On the other hand, Nexus is the core of influence, affecting not only Zentry but also multiple Web3.0 fields. As an active platform for social activities, through the connection with Vault, Nexus influence has expanded from social interaction to financial dynamics, and Nexus will also upgrade its products in the near future.

4. $ZENT injection tutorial

Zentry announces launch of Vault feature to support ZENT staking

There are two options for injecting $ZENT: single coin injection and ZENT/ETH trading pair injection.

Single coin ZENT injection

1. Visit the $ZENT Vault page.

2. Click Connect Wallet in the upper right corner of the page.

3. Once your wallet is connected, if you have $ZENT in your wallet, the $ZENT balance will be displayed. Enter the amount of $ZENT you would like to transfer, or click MAX to transfer the entire $ZENT balance in your connected wallet.

4. Click the Approve ZENT button. You will then need to confirm the transaction in your connected wallet. You must have enough ETH in the same wallet to cover the transaction fee.

5. Once the transaction is complete, you will receive stZENT in your connected wallet representing your injected ZENT.

6. Congratulations! Your $ZENT has been successfully deposited and you have started earning Fragments.

With these steps, you can easily deposit your $ZENT into the Vault and begin your journey to earn and contribute in Zentry.

ZENT/ETH trading pair injection

1. Visit the ZENT Vault page.

2. Click Connect Wallet in the upper right corner of the page.

3. After connecting the wallet, select the ZENT/ETH trading pair to inject.

4. If you have $ZENT in your wallet, the $ZENT balance will be displayed. Enter the amount of $ZENT you would like to deposit, or click MAX to deposit the entire $ZENT balance in your connected wallet. You must have ETH in the same wallet to complete the ZENT/ETH LP deposit.

5. The amount of ETH you need to deposit will be automatically calculated based on the amount of ZENT you decide to deposit. You must have enough ETH (plus transaction fees) in the same wallet to complete the transaction.

6. Click the Approve ZENT button. You will then need to confirm the transaction in your connected wallet.

7. Congratulations! Your $ZENT tokens have been successfully deposited and you have started earning Fragments.

Deposit $ZENT now to win double the Fragments this month.

What happens when you remove the $ZENT injection?

Players can unload their $ZENT at any time and will receive 100% of their $ZENT 14 days after unloading, but will lose a corresponding percentage of earned Fragments.

For example, a player deposits 1000 $ZENT into the Vault and has accumulated 100 Fragments. If that player decides to un-deposit 500 $ZENT, they will lose 50% of their accumulated Fragments, so 50 Fragments will be burned and permanently removed from their rewards.

What happens when the ZENT/ETH LP injection is released?

Holders can also unwind their ZENT/ETH injections at any time without a 14-day lock-up period. However, unwinding LP injections will also result in a loss of a corresponding proportion of earned Fragments.

What happens to $GF v2 stakers?

For players who currently stake GF tokens on GuildFi’s v2 staking platform, a simple one-step transaction is all it takes to migrate to the new Zentry injection system. Relevant players please visit vault.zentry.com and you will see a pop-up window that will automatically convert the “Shards” earned on GuildFi to Fragments during the migration from GuildFi to Zentry staking. For ZENT/ETH LP rewards for v2 staking, they will automatically migrate to ZENT injection.

The migration ratio of Shards to Fragments is about 100:1 (with an additional 20% bonus).

This simplified one-step transaction ensures that the staking experience remains seamless and efficient for players. GF v2 stakers are strongly encouraged to complete the migration as soon as possible to enjoy the benefits of the $ZENT injection.

Zentry announces launch of Vault feature to support ZENT staking

The launch of Zentrys Vault marks its further deepening and innovation in the Web3.0 field. By interacting with its four core products, Nexus social platform, Radiants cross-dimensional gaming platform, Zigmas NFT collection platform, and Azuls AI products, Zentry not only expands the paradigm of the game economy, but also promotes the construction of a unified ecosystem, providing players with unparalleled diverse experiences and interactive opportunities. The launch of Vault will further strengthen Zentrys position in the Web3.0 ecosystem, providing players with a wider range of rewards and influence growth opportunities.

This article is sourced from the internet: Zentry announces launch of Vault feature to support ZENT staking

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