LoveLoot Staking Pool Q&A

Welcome to the Q&A for Lovelaces specialized Native staking: LoveLoot! (see intro blog here) Below is a description and information on the rewards pools that you can join. The LoveLoot staking site will go live at 2:00 PM (14:00) UTC on Feb 22!

LoveLoot app page

Make sure you stake 2000 LACE (or LP equivalent) before Feb 23 22:00 UTC to be eligible for this weeks LoveLoot NFT rewards!

Guaranteed APY Staking

1. What is it? Pool with guaranteed APY with a lock of 30-day period.
2. What is the APY? Greater than 200% guaranteed
3. What is the minimum amount required to use staking? There are no minimums!
4. Who is this for? People who are ok staking for longer for a guaranteed APY.
5. What does it use? LACE tokens.
6. Time to put in funds? 13 days , but the pool is capped so it will fill up quickly!
7. What is the total cap? 3M LACE tokens.
8. Are staked tokens accessible? Staked tokens can be taken out before staking ends but are subject to a fee based on remaining blocks.
9. When can rewards be claimed? After the staking period.

Unlimited Staking

1. What is it? Stake LACE for Variable APY; add additional LACE at any time.
2. What is the APY? Starts at over 2000% but the percentage will reduce based on the amount of total tokens staked.
3. What is the minimum amount required to use staking? There are no minimums!
4. Who is this for? For those who miss Guaranteed Staking and want to stake only LACE.
5. What does it use? LACE tokens.
6. Time to put in funds? Anytime! This pool will work on an ongoing basis .
7. What is the total cap? No cap!
8. Are staked tokens accessible? Staked tokens can be taken out anytime but you are only allowed to remove 10% per day starting from the day you staked.
9. When can rewards be claimed? As soon as they are accrued!

Unlimited LP Staking

1. What is it? Stake LACE/BNB LP for Variable APY.
2. What is the APY? Starts at over 4000% but the percentage will reduce based on the amount of total tokens staked.
3. What is the minimum amount required to use staking? There are no minimums!
4. Who is this for? For those who miss Guaranteed Staking and want to stake LACE/BNB from Pancakeswap.
5. What does it use? LACE/BNB LP tokens, see this guide on being an LP.
6. Time to put in funds? Anytime! This pool will work on an ongoing basis .
7. What is the total cap? No cap!
8. Are staked tokens accessible? Staked tokens can be taken out anytime but you are only allowed to remove 10% per day starting from the day you staked.
9. When can rewards be claimed? As soon as they are accrued!