Lympo NFT staking platform
Last updated
Last updated
Once users acquire Lympo NFTs, NFTs can be staked, alongside with the SPORT tokens, in the Lympo NFT staking platform to earn more tokens: various staking pools will include the tokens of Lympo ecosystem, SPORT, LMT and LYM, and various partner tokens.
Each Lympo NFT digital collectible has a score associated with it based on its rarity. Users can stake up to 15 NFTs + $SPORT per wallet in a staking pool. Lympo GOAT NFTs have a bonus staking reward depending on the price for which that NFT was sold.
Here are the reward ranges:
$15,000.00 — $50,000.00–5% Staking Bonus
$50,000.00 — $100,000.00–10% Staking Bonus
$100,000.00 and more — 50% Staking Bonus
Lympo NFT minting platform plans to operate different staking pools at the same time. Some pools will require a specific kind of collection or card rarity to enter. In this first phase of the platform users are allowed to stake up to 5 high-rarity cards (GOAT, Legendary, Epic) and up to 10 lower-rarity NFTs (Rare, Uncommon, Common). There is a 1% unstaking penalty if the NFTs are removed in the first 72 hours after being staked.
More detailed information on this product can be found here.
