Lympo introduces NFT staking reward system

Lympo has introduced non-fungible token (NFT) staking into the NFT ecosystem. This allows users to make money and earn rewards by locking and delegating NFTs issued by Lympo and its partners.

To date, the Lympo NFT mining platform has allowed users to bet Lympo Market Tokens (LMP) and partner tokens to create sports NFTs that represent officially licensed elite athletes.

Lympo claims that with the debut of NFT staking, users will be able to monetise their NFTs through monthly staking payouts.

NFT holders will be able to delegate or lock up their NFTs in staking pools using Lympo's NFT Staking. Users can stake up to 15 NFTs with LMT tokens and receive incentives ranging from 2% to 17.5 percent of the value staked every 30 days, depending on how many NFTs they have and how rare they are.

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Jun 17, 2022 - 4:01am
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