Adding rarity-based ALD reward mining using Loot.
Loot is one of the most exciting projects in the crypto space right now, absorbing a majority share of the crypto community and building power. Adding ALD liquidity mining with Loot can set an example of how NFT can be composable with DeFi . It can also help to bootstrap AladdinDAO’s community upon the genesis of ALD reward mining.
A new NFT oriented mining contract will be created (e.g https://twitter.com/yuming0x/status/1434686456241479682?s=20) that allows users to stake their Loot NFTs to gain
scores in the mining contract. Rewards are then distributed to stakers proportionally based on their scores.
The logic of scoring a Loot NFT can be done based on the rarity of items in a Loot bag. E.g https://docs.google.com/spreadsheets/d/1Al0Yi-tM7K_05pCKjkQtSJjwbV2jMfac1i_oC4j2EYI/edit#gid=1666761696