Exploring the Rewards of Alien Worlds

Protocol of the Week

Alien Worlds

Alien Worlds is a strategy exploration game that combines DeFi and NFT elements. In the game, players compete for resources but need to work together to optimize their yield. There are six different planets in Alien Worlds, each with its own lands. These lands are owned either by players or the respective planetary government.

Alien Worlds logo

As of October 26, 2021, Alien Worlds was the most popular blockchain. Total, Alien Worlds averages around 11 million daily transactions by more than 700,000 monthly active users, per DappRadar.

DeFi Strategy of the Week

Playing Alien Worlds to earn Trilium (TLM)

Exploring and finding new items is essential to gameplay in Alien Worlds. You can collect land, avatars, weapons, tools, minions, and artifacts. Each of which is ranked by six levels of rarity: Abundant, Common, Rare, Epic, Legendary, and Mythical.

But to earn even more rewards from Alien Worlds, you must mine land. You can begin mining by selecting a location and up to three tools. All of your tools are NFTs. These NFTs and Alien World’s native token – Trilium (TLM) – are the rewards you receive for mining.

Alien Worlds planets

The most important factors to your mining success in Alien Worlds are luck and mining power. They determine how much rewards a player gets from their mining efforts. Note, TLM has a limited supply of 10 billion tokens. Still, the supply is unlikely to reach this total as Trilium operates on a declining inflation rate.

Once you begin earning TLM, you can use it for:

  • Planetary Governance: Players can stake TLM to participate in the governance of planets.
  • Staking: You can also stake TLM to earn more rewards.
  • In-Game Currency: Players can use TLM to upgrade and purchase items and participate in quests or other in-game activities.
  • Rewards: Active participants may receive TLM as incentives for their activity in Alien Worlds. These rewards help develop the game’s ecosystem.
  • Purchasing NFTs: In-game items are minted as NFTs. Players can purchase these NFTs with TLM.
  • Cross-Chain: You can migrate TLM between BSC, Ethereum, and the Wax blockchain.

Yield Farm of the Week

Gasless yield farming on Aurora.

Aurora logo

Attention, farmers! Yield farming on Aurora is now live. But wait, there’s more! As of now, Aurora is offering zero gas fees as a gesture of goodwill to early adopters.

Aurora – is an Ethereum Virtual Machine (EVM) compatible blockchain built on the NEAR protocol. This platform lets developers operate their apps on an Ethereum-compatible and scalable platform, with low transaction costs for their users.

Key features of Aurora include:

  • Full Ethereum compatibility
  • High throughput and scalability
  • Low transaction costs
  • Trustless bridging
  • Base currency is ETH

Aurora’s native token – $AURORA – has a limited supply, with a total of 1 billion tokens. This coin is deployed on Ethereum and then bridged to NEAR and Aurora using the Rainbow Bridge.

Rainbow Bridge

To begin yield farming via Aurora – start at the Rainbow Bridge and transfer your assets from Ethereum to Aurora. If you’re connecting to the bridge for the first time, you’ll be prompted to add the Aurora network to your MetaMask wallet.

Note that the ETH side’s bridging costs is approximately $50, including a token approval of 100 gwei. Currently, you pay gas fees on Aurora with ETH. But transactions are now free, so you don’t need to bridge over any ETH!

Once your deposits arrive, head to Trisolaris or NearPad, connect to their respective farms, and then stake your LP tokens to earn rewards.

News & Industry Updates

1.) BIS Quarterly Review: DeFi’s Decentralization is an Illusion

According to the Bank for International Settlements (BIS), DeFi has an “inescapable need” for centralized governance.

2.) Gas Fee Gripes Aren’t Exclusive to Ethereum

Ethereum has a gas fee problem. And while rivals have much smaller fees, they aren’t immune to price spikes either as they grow.

3.) Ether Hits 42-Month High Against BTC

While the overall crypto market has taken a hit in the last week, Ether has increased compared to BTC.

4.) Bitcoin Could ‘Drive People Nuts’ for Months with $53K Price Ceiling – Analyst

A popular Twitter market analyst claims BTC may spend “months” ranging between $42,000 and $53,000.

5.) Crypto Mining Stocks Extend Declines as Bitcoin, Ether Prices Fall

Crypto mining stocks, most levered to Bitcoin and Ether prices, as most have been holding onto mined coins on their balance sheets, continued their slump that started at the beginning of December 2021.

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