All You Need To Know About Elysium Forges, The New Name For Elysium Typhon Nodes
Vulcan. Hephaestus. The god of the forge, fire, blacksmithing, craftsmen, masonry, metalworking. A creator at the forge and the reason we are renaming our Elysium Typhon Nodes, ‘Forges’.
Contents
–Forge Tiers
–Your Elysium Forge Produces Rewards
–Forge Flexible Staking
–Forge 60-Day Lockup
–Forge 120-Day Lockup
–Forge Blessings From The Gods
–Putting Your Vulcanites To Work
–Are You OG?
Our Forges come in six tiers and are the most accessible of all of our Elysium blockchain nodes for the everyday user (read about our other Elysium nodes here). Simply stake $PYR and receive $LAVA. Your $LAVA rewards will increase as the length of the locking period increases.
Let’s set the scene. You own enough $PYR, and it pleases Vulcan, so much in fact that he bestows upon you an Elysium Forge of your own. Depending on the amount of $PYR you’re holding, you will qualify for a different tier of Forge. This Forge burns brightly based on the $PYR you hold and will produce rewards for you. Whether you have the blessing of a patron god (ie do you own an Olympian or Titan God NFT?), Vulcanites at your service (do you own Vulcanites?) or whether you are an OG (do you own an OG badge NFT?) will affect the production level of your Forge.
Forge Tiers
Tier 1, the Cyclops Forge, starts at 2000 locked $PYR. A part of all transaction fees generated on the Elysium blockchain — the sowing costs, royalty fees and Elysium $LAVA gas fees, will be divided between all Forge tiers.
Holders of Forge tiers can participate in the God Pool and NFT Pool (read on for more on that). The tiers are as follows:
Cyclops Forge (Tier 1)
Sphinx Forge (Tier 2)
Cerberus Forge (Tier 3)
Gorgon Forge (Tier 4)
Hydra Forge (Tier 5)
Kraken Forge (Tier 6)
Your Elysium Forge Produces Rewards
Rewards, or pay-outs will be made at weekly intervals, with daily snapshots taken to check if your Forge is still eligible for the rewards.
You will have options on how you operate your Elysium Forge. For example, you will be able to ‘lock’ your Forge using a soft-lock mechanism based on snapshots (locking is always a good idea with these Kobaloi sneaking around!). Vulcan Forged will unlock your Forge giving you access to the extra rewards your Forge produced as soon as the locking period ends. During the locking period, you will receive the normal base generation amount.
Your three Elysium Forge options are as follows:
- Forge Flexible Staking
- Forge 60-Day Lockup
- Forge 120-Day Lockup
Forge Flexible Staking
Tier 1 — Cyclops Forge
100% base generation amount
Tier 2 — Sphinx Forge
103% base generation amount
Tier 3 — Cerberus Forge
106% base generation amount
Tier 4 — Gorgon Forge
109% base generation amount
Tier 5 — Hydra Forge
113% base generation amount
Tier 6 — Kraken Forge
116% base generation amount
Forge 60-Day Lockup
Tier 1 — Cyclops Forge
110% base generation amount
Tier 2 — Sphinx Forge
115% base generation amount
Tier 3 — Cerberus Forge
121% base generation amount
Tier 4 — Gorgon Forge
127% base generation amount
Tier 5 — Hydra Forge
133% base generation amount
Tier 6 — Kraken Forge
139% base generation amount
Forge 120-Day Lockup
Tier 1 — Cyclops Forge
121% base generation amount
Tier 2 — Sphinx Forge
129% base generation amount
Tier 3 — Cerberus Forge
138% base generation amount
Tier 4 — Gorgon Forge
147% base generation amount
Tier 5 — Hydra Forge
157% base generation amount
Tier 6 — Kraken Forge
169% base generation amount
Forge Blessings From The Gods
Do you own a God NFT? Any Olympian or Titan god NFT will increase the base generation amount for Forge tier rewards by 5%. The respective heads of the Olympians and Titans, Zeus and Cronus, will increase the base generation amount by a hefty 15% if held!
A quick note, God NFTs are not stackable.
Putting Your Vulcanites To Work
When you’re away from VulcanVerse, our blockchain based MMORPG, what do you suppose your Vulcanites are doing? Causing mischief most probably. If you own a Forge tier, you might be glad to hear you can put your Vulcanites to work! Vulcanite NFT holders will be able to boost their Forge staking income through the NFT Pool.
The NFT Pool will payout $LAVA based on the following increased reward boosts:
Level 1 Vulcanite: base generation amount + 1.00%
Level 2 Vulcanite: base generation amount + 1.25%
Level 3 Vulcanite: base generation amount + 1.50%
Level 4 Vulcanite: base generation amount + 1.75%
Level 5 Vulcanite: base generation amount + 2.00%
Level 6 Vulcanite: base generation amount + 2.25%
Vulcanites can be stacked up to a maximum of five Vulcanites. The maximum bonus is 10% on top of the base rewards you receive. What a way to keep your Vulcanites busy!
Are You OG?
If you’re one of the Vulcan Forged Old Guard — you’ve been here since near the beginning or have been fortunate to acquire a Vulcan Forged OG badge some other way, your Forge can benefit from the OG Badge bonus (not stackable)! You’ll receive a 2.5% staking reward for the total reward.
You can learn more about why Elysium, our carbon-neutral blockchain for metaverses is different, here!
About Vulcan Forged
Vulcan Forged is a blockchain game studio, NFT marketplace, and NFT minting engine. Vulcan Forged is the creator of VulcanVerse and Berserk, and many other games. The ecosystem is expanding rapidly, and many games are being enabled within the play to earn economy.
The native token used within the ecosystem is $PYR. The secondary token $LAVA acts as a play to earn tokens. This dual token economy structure is ideal for play to earn. Scholars will earn $LAVA while playing the Vulcan Forged games and will be able to forage special NFTs while in-game. These can be sold on the Vulcan Marketplace for $PYR.