L2 Planet Focus: FarmLand
In this Issue of L2 Planet 101 series, we focused FarmLand which is a yield farming P2E game on Arbitrum.
What is FarmLand?
Farmland is a decentralized yield farming game running on Ethereum and Arbitrum.
Built on top of Arbitrum which is the rollup solution with the most TVLs(total-value-locked) on the Ethereum blockchain. Its biggest advantage of that it has the same security as the mainnet, in spite of that it has much lower transaction fees.
Basically, FarmLand, which you can think of as a farm simulation, has a terrain map of 57 million square kilometers. Don't be confused by the square kilometer part here, the total supply amount of the LAND token was meant to be '57.000.000'(5% of the total amount of tokens is reserved for the team and 5% for development costs). You need to make your cultivation with maximum efficiency, by increasing the field area you have.
The first distribution of the token was through DefiStarter. You should buy LAND token via Uniswap or Sushiswap to log into the game. In addition, some ETH is required to use for transaction fees.
After receiving the tokens, we can earn CORN from them, by completing the approve process in the picture below. You start cultivating, for every block (with ~ 13.5 seconds) you earn 0.00000001 CORN for every LAND on your farm.
Note: If you withdraw your LAND token without claiming the accumulated CORN tokens, the accumulated CORNs will burn. Therefore, you must withdraw the accumulated ones first.
The income level of CORNs corresponding to the staked LAND tokens increases linearly at the most on the 28th day. So we can say that your stake time affects your harvestable amount. You increase your CORN income even more by boosting your own staked LANDs with the CORNs you have composted. In addition to waiting for a 28-day return increase, it is also possible to increase this amount of income up to x10 by minting from their new NFT series.
We are used to systems like this, so let's examine what the team has to offer.
Let's take a look at some of the innovations that have been made or will be made;
You can earn Land token rewards by providing liquidity to various token pairs using ETH, LAND, and CORN.
You can look at all the game core metrics and farms on the Datamine website.
You can try FarmLand on the Arbitrum Rinkeby Testnet without being invested.
A LAND drop was made to the community by agreement with the NFT Alliance.
The team has developed another NFT use case to provide more capital for itself. According to this system, NFTs that will be minted for 0.05 ETH on Arbitrum will offer you different usage purposes according to their features. Currently, they can be employed as farmers to boost the CORN production. Other missions will be added over time. Some of these NFTs are listed on the 2nd market. There is not much volume in the collection due to the low number of users overall. It was also reported by the team that they are working on a plan where they can find additional rewards by being sent to certain quests in the future.
Moonshine Saloon has been opened for use, you can participate in the lottery thanks to this tab. In order to participate in the lottery, you have to spend a certain amount, it is similar to the PancakeSwap Lottery system.
The end goal is to make tractor racing possible. You would even be able to turn your CORN into FUEL for that use case. Most likely, these tractors will be minted and circulated. It is stated that not only tractors but also different animal diversity will be added on the roadmap.
For further information about the project, you can check the official links of the project.
FarmLand Twitter - FarmLand Discord - FarmLand Medium - FarmLand App
That’s all from L2 Planet for now, hope to see you in other issues :)