AVAX Lions NFT Staking

Hey Lydians and Lions!

We wanted to go over some of the details of our recently released NFT Staking pool since there have been quite a few questions on the topic.

First, people often ask where does the LYD come from? Will it take LYD away from other staking pools?

So as you guys and girls most likely already know, LYD is emitted at a rate of 6 LYD per second as of now. 15% of that is the dev allocation. Our team tokens are not given to us immediately, they are slowly emitted over time (incase you weren’t aware of this already). So the LYD being allocated to the NFT staking pool is coming from the teams’ LYD tokens. That way it won’t affect the APRs on our pools and farms for our users.

How much LYD is allocated for stakers?

Right now it is 1 million LYD per month. This is subject to change of course depending on price volatility.

How can I figure out how much LYD I am earning?

For now, you can see how many lions are staked on the website and divide the 1 million LYD by the number of lions staked at that time. We will come up with a better solution for users to see how much they are earning.

Can I stake more than 1 NFT at once?

Yes, you can but you need to approve them 1 by 1 first. Then you can check multiple to stake at the same time.

Do staked lions still get royalties from the market?

No, if your lion is staked you are not able to also receive the royalties from the market.

Can I stake my lion while it is listed on the marketplace?

Yes, you can but it won’t be able to be bought and will be off the market if you stake it.