DeGods Announce 'DeStake', Name Change
DeGods launched a new staking experience called 'DeStake' on Twitter Monday, just hours after a similar announcement from y00ts. Both projects are founded by Frank DeGods, who also teased an announcement for the Solana ecosystem coming Tuesday.
'DeStake' will transition the project to a non-custodial staking model, and implement a point reward system. Staked assets will earn 1 DePoint every minute, which can eventually be redeemed for rewards. The updates do not impact DeGods' accrual of $DUST.
The project also changed its name to DeGods III, tweeting that 'it will make sense soon'.
The floor of DeGods rose to 315 SOL on the announcement, with trading volume on the collection up 225 percent in the last 24 hours.