dynamic object lighting

Unity Engine
1

I’m pretty much at a loss as to how to do this. The game is an mmo with a focus on massive, so huge world (up to 100 terrains per scene dynamically loaded as you move around), up to 200 characters in the same area, using unity 5. What’s the best way to get decent lighting on the characters without killing performance?

Currently

2

I would lightmap everything beside the dynamic objects. Use a projector as a shadow for the character. Almost never have dynamic shadows. Maybe use the self illuminate shader on the other characters.