Champion III Pool
All about the Champion III Staking Pool.
Last updated
All about the Champion III Staking Pool.
Last updated
The Champion III Pool is the latest version of the Champion I and Champion II pools available in the Lympo NFT Staking. The size of the pool is 1,053,741 $SPORT. The pool has a competitive fixed 40% APR.
1 wallet will be able to stake up to 51 Lympo NFT cards in this Pool. Users do not have to fill out all slots to start staking: any amount of cards can be staked (51 being the maximum). Only Lympo Athlete collection NFT cards can be staked in the pool.
To ensure a fair ecosystem, users must stake NFTs of different rarities. Meaning that 1 wallet will only be available to stake up to 11 high-rarity NFTs (GOAT, Legendary, or Epic), while the other 40 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.
The maximum amount of $SPORT that can be staked per wallet is 1,280,000.
The minimum amount of $SPORT required to stake is 500.
*In this example, if you would stake 15,000 $SPORT together with your NFTs, you would earn a 3.33% reward of the staked amount every 30 days (or 40% APR). That means after 30 days, you would have accumulated 500 $SPORT as a reward for participating in the Lympo NFT Staking ecosystem, and you would own 15,500 $SPORT in total.
The Champion III Pool requires to stake NFTs for at least 72 hours. If NFTs are unstaked before that time, a fee of 1% will be applied.