DREP & LookForGem Staking Instruction
DREP Staking is NOW available and in full swing!
This guide provides detailed steps and explanations to help you understand how to stake your LFG NFT & $DREP tokens on LOOKFOR and reap generous rewards (2 million $DREP pool in total annually).
Staking site: https://www.lookfor.io/lfg
Trade $DREP: https://www.binance.com/en/trade/DREP_USDT
Trade LookForGem NFT: https://blur.io/collection/lookfor-gem
- After enabling staking, by clicking to enter LFG, you will no longer see content related to minting, but a staking panel instead.
2. You can enter the corresponding platforms for trading Lookfor GEM by clicking the logos of OpenSea and Blur (recommended). You can also click on the “My LFG” button to view your holdings, or the “Enhanced Rewards’’ button to see the staking bonuses brought by different skin attributes.
3. The Lookfor GEMs you have staked will be displayed here.
4. The total number of DREPs you have staked will be shown here, along with their current value in USD.
5. The total DREP here refers to the total amount of DREP you can claim, including unlocked DREPs from minting and staking rewards.
a. Here you can track unlocked but unclaimed DREPs, including those pending unlock.
DREP begins its initial unlock at public mint time on the 14th and completes a linear unlock over 40 days.
b. What you see here is the total amount of DREP you can currently claim and its corresponding value in USD. This includes the number of DREP locked at mint but now unlocked, as well as the reward amount obtained from staking.
By clicking the “Claim” button, you can claim all the unlocked DREP and all the issued DREP rewards.
6. This is a list of all Lookfor GEM NFTs you own. Staked NFTs feature a “Withdraw” button, while unstaked ones display a “Stake” button.
Staking rewards are distributed daily based on staked DREP proportion and LFG NFT skin attribute bonuses.
The daily rewards allocation:
- Q1 — 6521.73913 DREP
- Q2 — 5494.505495 DREP
- Q3 — 5494.505495 DREP
- Q4 — 4395.604396 DREP
a. The hard cap for staking is 6000 DREP per NFT. Once you reach this cap, you can only redeem or claim staking rewards.
Click “Withdraw” to redeem LFG NFTs and staked DREP, along with unclaimed rewards.
Clicking the “Claim” button allows you to claim the staking rewards generated under this number.
b. If you haven’t reached the cap, click “Deposit” to stake more until reaching 6000 DREP, beyond which no further staking is possible.
