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Last week, Wilder World announced a major update to its staking and liquidity mining system with the migration to Z Chain, a faster and more cost-effective blockchain.
Since the launch of WILD staking and Liquidity Mining in December 2021, Wilder World has rewarded users with millions of WILD tokens, helping to deepen their commitment to the WILD economy.
Now, with the introduction of Z Chain’s mainnet earlier this year, Wilder World is entering a new phase, promising faster, cheaper, and more efficient staking.
A Seamless Transition to Z Chain
The migration to Z Chain will be handled natively by the protocol, meaning Wilders won’t need to manually unstake or restake their assets. Current WILD and LP positions will be migrated seamlessly, with deposits, withdrawals, and rewards all taking place on Z Chain going forward. This shift will eliminate the costly gas fees associated with Ethereum L1 transactions, offering a smoother and more affordable experience for stakers.
To ensure stability and security, the migration process will occur in phases, with the final audit from Nethermind recently completed. Wilders will be notified ahead of time when the migration is set to take place, minimizing disruptions and ensuring a smooth transition.
Reduced Rewards for Long-Term Sustainability
In alignment with the migration, the total rewards rate for both WILD and LP staking will be reduced to 10-30% of current levels. This reduction is part of an effort to manage token inflation and ensure the long-term sustainability of the WILD token economy. Despite this reduction, the APR will remain dynamic, adjusting automatically based on the total amount staked in each pool.
The Wilder World team is actively seeking community feedback on the new rewards system to refine and improve it. Users are encouraged to share their thoughts via a Typeform survey, ensuring that the V2 rewards experience reflects community input before launching future reward systems.
Unlocking Previously Locked Rewards
A significant change in the new staking system is the removal of the 12-month lock on claimed staking rewards. Once the migration to Z Chain is complete, all previously locked rewards will become immediately withdrawable, giving Wilders full access to their tokens without the limitations of past reward structures.
LP Staking and the L1–Z Chain Interface
While LP tokens staked in the Uniswap WILD/ETH pool will remain on Ethereum’s mainnet, Z Chain will allow L1 LP tokens to exist on its platform. If users wish to remove their LP stake after migration, they will need to bridge their LP tokens back to Ethereum and manually remove liquidity from Uniswap on L1.
Looking to the Future
This migration marks a significant step forward for Wilder World, offering a more accessible, cost-effective staking system that will support long-term sustainability. While reward emissions will be reduced, the new system will offer greater flexibility and efficiency for participants. The team is committed to continually improving the staking experience and welcomes community feedback as it shapes the future of the ecosystem.
With the transition to Z Chain, Wilder World is laying the foundation for an even more robust economy, where rewards are streamlined, staking is more cost-efficient, and the ecosystem thrives.
Read the team's full announcement:
WilderWorld
