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Home ยป Zentry announces launch of Vault feature supporting ZENT staking
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Zentry announces launch of Vault feature supporting ZENT staking

By adminJan. 1, 2023No Comments5 Mins Read
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Zentry announces launch of Vault feature supporting ZENT staking
Zentry announces launch of Vault feature supporting ZENT staking
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Recently introduced by Zentry, the Vault is a groundbreaking core staking platform where players can infuse their $ZENT to earn Fragments. These Fragments not only provide rewards within the Zentry ecosystem but also unlock various incentives and benefits across different domains.

1. What is $ZENT Infusion?
Zentry has innovated the concept of staking. Players commit their $ZENT to the Vault, known as “infusing,” and withdrawing these tokens is referred to as “unfusing.” This isn’t just a change in terminology; it’s a feature-rich mechanism that players will soon experience firsthand.
When players infuse $ZENT into the Vault, they unlock a world of rewards known as Fragments. The amount of Fragments a player receives is directly proportional to the amount of $ZENT infused, with rewards based on the player’s role and contributions to the Zentry universe.

2. What are Fragments?
Fragments are one of the most crucial elements in the Zentry ecosystem. The more players interact with Zentry, the more Fragments they accumulate. These Fragments originate from infusing $ZENT and Zentry plans to introduce more ways to earn Fragments soon.
Fragments are not just points; they are keys to exclusive activities – including $ZENT and tokens from collaborative projects to NFTs, whitelist eligibility, and more. The utility of Fragments extends beyond the Zentry platform, serving as proof of value in the entire Web3 space, enhancing players’ potential rewards in multiple domains. By staying active, infusing tokens, and strategically using Fragments, players have the opportunity to continuously grow their influence in Zentry and the broader Web3 ecosystem.

3. Relationship between Zentry’s Vault and Nexus
In Zentry, all products are interconnected, creating a cohesive unified ecosystem. The Vault, as a vital energy source in Zentry, will receive substantial infusions of $ZENT. On the other hand, Nexus is at the core of influence, impacting not only Zentry but multiple Web3.0 domains. Serving as an active platform for social activities, Nexus expands its influence from social interactions to financial dynamics through its connection with the Vault, and Nexus is also set to undergo product upgrades soon.

4. $ZENT Infusion Tutorial
Infusing $ZENT offers two options: single token infusion and ZENT/ETH pair infusion.
Single $ZENT Infusion
1. Visit the Vault page for $ZENT.
2. Click on “Connect Wallet” in the top right corner of the page.
3. After connecting your wallet, if you have $ZENT, your balance will be displayed. Enter the amount of $ZENT you wish to infuse or click on “MAX” to infuse all your $ZENT balance from the connected wallet.
4. Click on the “Approve ZENT” button. You will need to confirm the transaction in your connected wallet. Sufficient ETH must be available in the same wallet to cover transaction fees.
5. Once the transaction is completed, you will receive stZENT in your connected wallet, representing the $ZENT you infused. Congratulations! Your $ZENT has been successfully infused, and you have started earning Fragments.
By following these steps, you can easily infuse your $ZENT into the Vault, initiating your journey to earn and contribute within Zentry.

ZENT/ETH Pair Infusion
1. Visit the Vault page for $ZENT.
2. Click on “Connect Wallet” in the top right corner of the page.
3. After connecting your wallet, select the ZENT/ETH pair infusion.
4. If you have $ZENT in your wallet, your balance will be displayed. Enter the amount of $ZENT you wish to infuse or click on “MAX” to infuse all your $ZENT balance from the connected wallet. Sufficient ETH must be available in the same wallet to complete the ZENT/ETH LP infusion.
5. The required amount of ETH for infusion will be automatically calculated based on the amount of ZENT you decide to infuse. Sufficient ETH (including transaction fees) must be available in the same wallet to complete the transaction.
6. Click on the “Approve ZENT” button. Confirm the transaction in your connected wallet.
7. Congratulations! Your $ZENT tokens have been successfully infused, and you have started earning Fragments. Infusing $ZENT now can win you double Fragments this month.

What happens when you unfuse $ZENT?
Players can unfuse their $ZENT at any time and will receive 100% of their $ZENT 14 days after unfusing. However, unfusing $ZENT will result in a proportional loss of Fragments earned.
For example, if a player infuses 1000 $ZENT into the Vault and accumulates 100 Fragments, deciding to unfuse 500 $ZENT will result in a loss of 50% of the accumulated Fragments, with 50 Fragments being burned and permanently removed from their rewards.

What happens when unfusing ZENT/ETH LP?
Holders can also unfuse their ZENT/ETH infusion at any time without a 14-day lockup period. However, unfusing LP infusion will result in a proportionate loss of earned Fragments.

What about $GF v2 stakers?
For players currently staking GF tokens on the GuildFi v2 staking platform, migrating to the new Zentry infusion system is a simple one-step transaction. Visit vault.zentry.com for instructions; “Shards” earned on GuildFi will automatically convert to Fragments during the migration process to Zentry. Rewards for ZENT/ETH LP staking on v2 will be migrated to ZENT infusion.
The migration ratio from Shards to Fragments is approximately 100:1 (with an additional 20% bonus).
This simplified one-step transaction ensures a seamless and efficient staking experience for players. GF v2 stakers are strongly encouraged to complete the migration promptly to enjoy the benefits of infusing $ZENT.

The launch of Zentry’s Vault marks a further deepening and innovation in the Web3.0 space. By interacting with its four core products – Nexus social platform, Radiant cross-dimensional gaming platform, Zigma NFT collection platform, and Azul AI products – Zentry not only expands the paradigm of the gaming economy but also drives the construction of a unified ecosystem, providing players with unparalleled diversity in experiences and interactive opportunities. The Vault’s introduction will further strengthen Zentry’s position in the Web3.0 ecosystem, offering players broader rewards and opportunities for increased influence.

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