looksrare
LooksRareLOOKS
Proof of Stake
Stake LOOKS →
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LooksRare Staking

Reward Rate
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Staking Ratio
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Staking Mktcap
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Price
$0
▲ 6.70%
Total Staked
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Inflation
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What is LooksRare Staking?

"LooksRare is the community-first NFT marketplace that actively rewards collectors and creators for participating. 🖼👌 By NFT people, for NFT people. This is who we are. Part of being community-first means that LooksRare rewards, empowers, and gives back to the platform's users and creators. 💎 Get rewarded - Users that buy or sell NFTs from eligible collections earn LOOKS tokens. 🤝 Share the platform fees - 100% of trading fees are earned by LOOKS stakers. ⚡️ Creators get paid instantly - Creators get royalty payments at the moment of sale. 🍴 Not a fork LooksRare’s smart contracts are custom-built within a modular system that enables new features to be rolled out over time – without compromising security – thanks to standardized signatures that clearly define the execution scope. This means we can offer new types of interactions, like these (rolling out soon): - Collection offer - Make an offer that covers all NFTs in a selected collection - Trait offer - Offer to buy any NFT with a specific trait in a collection e.g. BAYC w/ Gold Fur - Multi-cancelation - Cancels multiple open orders in one transaction 🦖 Not a dinosaur From utilizing some of the world’s most powerful search infra, down to implementing on-chain standards like EIP-712 and EIP-2981, LooksRare’s technical architecture (contracts, database, API, front end, search) has been designed from the floor up for scalability, speed and security using the latest and greatest tech. We’ve also made sure to retain compatibility for deploying on ETH scaling solutions when they're ready for the masses."
Key Staking Facts
Verified Providers0
ConsensusProof of Stake
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Learn about LooksRare Staking

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.

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.

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.

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.

Yes LooksRare has a public audit.

The auditing of LooksRare staking protocols has been conducted by PeckShield.

The following contracts were reviewed:

  1. FeeSharingSystem
  2. TokenDistributor
  3. LooksRareToken

       Link to audit

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