Champion I Pool
All about the Champion I Staking Pool.
The Champion I Pool is the second pool available in the Lympo NFT Staking. The size of the pool is 1,759,766 $SPORT.
1 wallet will be able to stake up to 15 Lympo NFT cards in this Pool. Users do not have to fill out all 15 slots to start staking: any amount of cards can be staked (15 being the maximum). Only Lympo Athlete NFT cards can be staked in the pool. Learn more about Lympo Athlete NFTs.
To ensure a fair ecosystem, users must stake NFTs of different rarities. Meaning that 1 wallet will only be available to stake up to 5 high-rarity NFTs (GOAT, Legendary, or Epic), while the other 10 will have to be of a lower rarity (Rare, Uncommon, or Common). To keep staking fair for the whole ecosystem, only one GOAT card is allowed to be staked per staking pool.
The amount of $SPORT that can be staked is determined by the rarity of staked NFTs — higher rarity NFTs allow users to stake more $SPORT.
Example scenario of reward calculation*
*In this example, if you would stake 15,000 $SPORT together with your NFTs, you would earn a 5,42% reward of the staked amount every 30 days (or 65% APR). That means after 30 days, you would have accumulated 813 $SPORT as a reward for participating in the Lympo NFT Staking ecosystem, and you would own 15,813 $SPORT in total.
The Champion I Pool requires to stake NFTs for at least 72 hours. If NFTs are unstaked before that time, a fee of 1% will be applied.