Yield Farming with Loot & NFTs. NFTs has taken CT by storm, you can’t… | by yuming0x | Sep, 2021 | Medium - Deepstash
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Coming from a DeFi native background, I was skeptical about NFTs, especially “collectible arts”…until I discovered loot . Witnessing the uprise of loot and its ecosystem, I’m feeling emotions I haven’t felt since the summer of 2020.

Enter NFTMiningRewards, a liquidity mining reward contract using NFTs as collaterals: https://github.com/yuming0x/NFTMiningRewards

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Coming from a DeFi native background, I was skeptical about NFTs, especially “collectible arts”…until I discovered loot . Witnessing the uprise of loot and its ecosystem, I’m feeling emotions I haven’t felt since the summer of 2020.

Enter NFTMiningRewards, a liquidity mining reward contract using NFTs as collaterals: https://github.com/yuming0x/NFTMiningRewards

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Tech Implementation

It’s modified on top of the well-known StakingRewards https://etherscan.io/address/0x7FBa4B8Dc5E7616e59622806932DBea72537A56b#code contract, with changes for staking/withdrawing NFT, and added interface for calculating a custom score for an NFT’s token ID. The score of each NFT token ID is then used as the variant for reward distribution. The interface is flexible enough for any custom scoring logic.

An obvious more optimal approach is to use loots https://github.com/bpierre/loot-rarity traits to score different bags.

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An example implementation is created for Loot which assigns the score of a bag with the uint256 representation of its string.

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CURATED BY

decebaldobrica

#engineering, #machinelearning and #crypto

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