We are happy to release the Lootex DAO page, dedicated for the LOOT token holders. You can do the following things in this page.
Join the latest staking program.
Claim token reward.
Claim vesting tokens from Lootex's partners and investors.
See leaderboard of LOOT token contributors. (Coming soon)
Submit proposals and Vote for Lootex decisions. (Coming soon)
Future LOOT token features. (TBA)
If you are LOOT token holder, the following steps help you to stake your token in the staking program. Here’s the step by step introductions. The smart contract is powered by Vault.inc and be audited by well-trusted auditing company Quantstamp and Certik. Let’s go with the step-by-step tutorials.
Step #1: Connect your wallet
On the right upper corner, please click Connect Wallet, and choose choose “Metamask” or “ WalletConnect”.
Didn’t see your wallet provider? Check here for the crypto wallets that WalletConnect supports: https://walletconnect.com/registry?. After connect your wallet, you will see your staking reward and the staked amount.
Step #2: Approve & stake your LOOT tokens
Please click “Stake” button.
Choose the pool between LOOT and LOOT-LP, and click “stake”.
Pool 1 — LOOT token single-sided staking pool. This pool will receive 20% of the monthly liquidity mining rewards.
Pool 2 — LOOT/ETH Liquidity pool is composed of 50% LOOT and 50% ETH. You have to stake ETH and LOOT into Uniswap first to get LP tokens. This pool will receive 80% of the liquidity mining rewards.
You can choose to stake in the following ways:
Flexible — you can unlock and withdraw anytime. Your weight of reward is fixed to 1.
Locked — select a duration(1–52 weeks) that you want to lock for. The longer you lock, the more weight of reward that you will be distributed by each blocks. Your weight of reward is up to 2 while you lock for 1 year (52 weeks)
Step #3: Approve and stake
Click “APPROVE” to approve the staking contract to pull your LOOT tokens. This transaction will cost you transaction fee by ETH.
After the transaction is completed, refresh the page and you will see “STAKE” button.
After the transaction is completed, you will successfully stake your tokens.
Step #4: Unlock your staked LOOT tokens
When you want to quit the staking program, click Unlock on the deposit. Note that if your tokens are in the lock period, you cannot unlock your tokens.
Step #5: Claim rewards
Click “Claim” under the Rewards. You will see that you are accumulating rewards by each blocks. Click “Claim” to make your unclaimed rewards into reward. The reward is vested for another 12 months. You can unlock the locked rewards after the remaining time period ends.
Feeling the gas fee is too expensive?
1. Bridge or buy LOOT tokens on BSC.
We also have LOOT tokens on BSC (BNB Smart Chain). If you already have LOOT tokens, you can bridge your tokens to BSC (BEP-20) on Multi-chain(https://app.multichain.org/#/router) or buy LOOT tokens on BSC here.
2. Staking program is available on BSC. We also provide the staking program on BSC (BNB Smart Chain). Connect your wallet and switch to BSC logo on the upper right corner.
Benefits of token stakers
Token rewards: The APR of each staking pool are different, and the rewards change from the total amount staked and the weight of all the stakers. There will be a real-time reference of APR at the moment you stake into the pool. Please keep in mind that there will be a 1 year lock after each claim of the reward.
Founders badge: Except the reward, we will deploy founders badges after April 2022 if you are the qualified stakers in the program. Most of the benefits are for the badge holders. More information will be announced.
About Lootex
Lootex is a player-centric cross-chain NFT trading platform that shares the latest blockchain game info. We are devoted to building a gamer-centric game asset marketplace where gamers can easily browse, trade, and buy game assets across multiple blockchains. Website | Twitter | Telegram (EN) | Telegram (CN) | Medium | Discord | Facebook