DeGods Announce 'DeStake', Name Change

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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.

✅ Just one website for all DeGods & DeadGods.
✅ DeGods stay in your wallet while staked.
✅ Earn 1 DePoint every minute.
✅ Continue earning $DUST every day. pic.twitter.com/CUnZQhvl6h
— DeGods III (@DeGodsNFT) November 29, 2022

'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.

Author Bio

Ghost

Ghost is an NFT Analyst at Lucky Trader. He has been in crypto since 2017, and entered the NFT space via NBA Top Shot in January of 2021 before minting Bored Apes and degenning into the broader market.

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