Frequently Asked Questions
What is Wombat Team?
Wombat Team is an NFT collection of 10,000 unique wombats on Ethereum. NFT holders can collect WPOO tokens and stake them to earn WDAO governance tokens, giving them voting rights in the Wombat DAO.
How do I collect WPOO tokens?
Your wombats generate WPOO tokens over time. Connect your wallet to the DApp and click "Clean the Burrows" to collect accumulated WPOO. Make sure to collect regularly - if you wait more than 28 days, the tokens will disintegrate!
What is fertilization?
Fertilization is the process of staking your WPOO tokens for 14 days to earn WDAO tokens. The more WPOO you stake, the more WDAO you'll receive as rewards.
What is WDAO?
WDAO is the governance token of the Wombat DAO. By staking WPOO or LP tokens, you earn WDAO which gives you voting rights on DAO proposals. You can participate in governance decisions on Snapshot.
Which network should I use?
The NFTs are on Ethereum Mainnet, while the WPOO collection, fertilization, and staking happen on Polygon Mainnet. Make sure your wallet is connected to Polygon when using the DApp.
How often should I collect WPOO?
It's best to collect before day 8 for optimal rewards. After 7 days, rewards start decreasing, and after 28 days, tokens disintegrate completely. Check the Collection Rules for detailed information.
Can I stake my NFTs?
You don't stake the NFTs directly. Instead, you collect WPOO tokens from your NFTs, then stake those WPOO tokens (or LP tokens) to earn WDAO rewards.
Where can I trade WPOO and WDAO?
WPOO and WDAO tokens can be traded on DEXs like QuickSwap on Polygon. You can also provide liquidity to earn additional rewards through staking.