# Staking
## **What is Staking?**
Staking is a feature that allows players to lock up their **game points (LOVELY Coins)** for a specific period. In return, players receive benefits and rewards. It's a way to encourage long-term engagement and provide additional value to active players.
How Staking Works in Lovely Legends:
1. **Staking Pools:** Players can choose from three staking pools:
* 60 Days Pool with 3% APY (Annual Percentage Yield)
* 120 Days Pool with 5% APY
* 240 Days Pool with 10% APY
2. **Locking Period:** The chosen pool determines how long your LOVELY Coins will be locked. ***During this time, you cannot use or transfer these coins.***
3. **Benefits:** Staking provides eligibility to participate in **Initial Liquidity Offerings (ILOs)** for new tokens. The amount you can use for purchases depends on your staking pool:
* 60 Days Pool: 1% of staked amount
* 120 Days Pool: 2% of staked amount
* 240 Days Pool: 5% of staked amount
Example: If you stake 1000 LOVELY Coins:
* In the 60 Days Pool, you can use 10 coins (1%) for ILO purchases
* In the 120 Days Pool, you can use 20 coins (2%) for ILO purchases
* In the 240 Days Pool, you can use 50 coins (5%) for ILO purchases
## **Why Stake?**
1. Access to ILOs: Get early access to new token offerings in the Lovely Legends ecosystem.
2. Potential Rewards: While not guaranteed, many games offer additional rewards for staking.
3. Community Engagement: Staking shows your commitment to the game and may unlock special features or status.
## **Tutorial: How to Stake in Lovely Legends**
1. **Accessing the Staking Feature**
* Open the Lovely Legends game on Telegram
* Select the 'Earn' button:
* Navigate to the 'Staking' section:
2. **Choosing Your Staking Pool**
* Review the available staking pools (60, 120, 240 days). The pools scroll horizontally, so take a close look at every pool. Compare APY rates and benefits:
3. **Selecting the Amount to Stake**
* Enter the amount of LOVELY Coins you wish to stake.
* Note, instead of entering the desired amount, you can select 25-100% of your coins, using the percentage Bar:
* The system will show you potential rewards based on your input:\
4. **Confirming Your Stake**
* Review the details of your stake (amount, pool, lock period, potential rewards)
* Click the 'Stake' button:
* The system will show your active stake and remaining Coin balance:\
5. **Monitoring Your Stake**
* Scroll down to the 'My Stakes' section to view your active stakes:
You can see your staked amount, chosen pool, lock starting date, time left, and total reward.
6. **Unstaking Process (After Lock Period)**
* Once your lock period is over, you can unstake your LOVELY Coins and claim your reward
* Navigate to the 'My Stakes' section and select the stake you wish to end
* Click on the 'Claim reward' button:
**Remember:**
* **You cannot unstake before the lock period ends**
* **Staked coins cannot be used for other purposes during the lock period**
* **Always ensure you're comfortable with the lock period before staking**
---
# Agent Instructions: Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.
Perform an HTTP GET request on the current page URL with the `ask` query parameter:
```
GET https://legendsdoc.lovely.finance/feature-set/staking.md?ask=
```
The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.
Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.