Contribute to network security & earn rewards.
LooksRare (LOOKS) staking data is not available on Staking Rewards. You can still convert token prices, estimate your rewards and explore reward options for similar proof-of-stake assets.Learn more about LooksRare Staking
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Learn about LooksRare Staking
What is LooksRare?
LOOKS is the token powering LooksRare, the community-focused NFT marketplace that actively rewards traders and creators for participating.
100% of LooksRare’s platform trading fees are earned by LOOKS token stakers: a rewards model created in direct response to the previous generation of NFT marketplaces whose fees mostly reward a single entity.
Users earn LOOKS tokens by trading NFTs on LooksRare, staking LOOKS (which also earns WETH fees), and more.
LooksRare’s trading experience is intuitive for experienced NFT traders, while also providing new and innovative features like collection-wide offers, instant royalty payouts for creators, and flexible purchases using mixed tokens (WETH +ETH).
Behind the simple user experience lies an innovative, modular smart contract design and a full-stack built from the ground up for scalability, security, and speed.
LooksRare’s model was designed in direct response to the previous generation of NFT marketplaces, with the goal of fostering the NFT community by rewarding user participation.
How to stake LOOKS?
To stake LOOKS go to the LooksRare Rewards Dashboard.
You will need to have some LOOKS to stake, and some ETH in your wallet to pay for Ethereum network gas fees.
Connect your wallet (Metamask Wallet) and enter the number of LOOKS that you want to Stake and click “Stake”. Confirm the transaction in your wallet.
Once the transaction is confirmed on the blockchain you will officially be staking LOOKS.
You can monitor, Collect, and Unstake all via the dashboard area.
How much can I earn staking LOOKS?
100% of LooksRare’s trading fees are redistributed proportionally to LOOKS stakers.
Stake LOOKS via the LooksRare Rewards Dshboard to earn:
- WETH trading fees
- Extra LOOKS
Trading fees collected by the protocol are distributed to LOOKS stakers as rewards. Reward rates are adjusted roughly every 24 hours, based on the past 24 hours’ trading activity.
With the currently engaged balance and incentive structure, we see an APY of around 1,000% and higher. Consider this rate could fall with the more LOOKS tokens being Staked or the volitility of Trading Fees generated on the platform.
Any risks to staking LOOKS?
There are normal smart contract risks associated with staking LOOKS.
Consider the inflationary risks along with any gas fees required for Ethereum network transactions as risks.