Iresdun

Mint Cambria Viceroy NFT 👍 New Standard Reserve Branch 👍 Now all eyes on @YieldFields_RH by @Skarly The day we have all been waiting for - Deed NFT Utilities. Lets dig in …. Farmers flywheel is clean & simple and open to all: - Free farmland - Buy seeds with ETH (max 25) - Idle - grow time - Harvest in ETH or $YIELD (-50% to 400%) Deed NFT Flywheel is a little more complicated: 1️⃣ Stake NFT Will reduce sell pressure - assume all the following utilitsed will only be available for staked deeds?People can’t double dip - play the game & have the deed listed! 2️⃣ Buildings Fert Deck 💩, 1st building (more to follow) which allows you to create Fertilizer Fertalizer reduced idle grow time by up to 50% Rarer deeds can product more 3️⃣ ETH Backing When Farmers harvest their crops - assume there will be a harvest tax? an undisclosed percentage. This will be divided by the deed holders. Rarer deeds will receive a larger share of the backing. 4️⃣ Reward Pool $YIELD buy-backs will take place "continuously and permissionlessly." Reward pool for staked deed holders Not sure where the funds come from for buy-back, could be a % of the sell tax? 5️⃣ Burn To unlock the ETH residing within the deeds you need to burn. As more deeds are burnt, the remaining deed holders will receive a larger share of the harvest. Summary There is a lot to like about this one, Deed NFT Holders will own a part of the economy. Farming for all is key, Deeds are for those looking for additional optional rewards and flywheels. There will be no sell shaming! Deed NFTs will love when farmers sell, as thats how their ETH backing will increase. Sky is the limit for these NFTs - Im still expecting the public round (888 nfts) to sell out close to the 1ETH ceiling. Difficult to run too much moon maths right now, as we don’t know how much of the farmers harvest sell will go be split between the initial 3,333 NFT holders. With the NFTs being backed with ETH - going to be an interesting strategy for people looking to take profit from deeds. Do they look at listing on secondary (does the ETH backing remaining with NFTs sold? - assume so) or look to burn and take the ETH out…. Personally, I don't think there is any rush to burn here, there is less risk, its not backing in $YIELD - as token will probably be a lot more volatile than ETH.