# 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**
