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Wake 'n' Stake

At Love Monster, we like our "Stake" rare.
Stake your Love Monsters via our interactive dashboard, the first step towards real utility in our ecosystem.
This is just a taste of what's to come in the Love Monster ecosystem. By staking your Love Monster NFTs, they will automatically generate $LMT as a reward. If you want to earn more $LMT per day, you can level it up with $NRG. Our aim is to merge the elements of RPG gaming and Crypto DEFI into a harmonious and accessible environment for everyone to enjoy in the Monsterverse.

How it works

To start earning money with your Love Monster NFT’s head over to our dashboard via the following link: https://dashboard.lovemonsternft.com and follow the simple steps below: 1) Log in to your dashboard and connect your wallet.
2) Click on the Staking tab on the sidebar. 3) Click on “Start Staking” and a popup window will appear. 4) Select the Love Monster you would like to stake, click confirm and your Love Monster will now be staked! 5) You will begin to earn rewards! Don’t forget to level up your Love Monster to increase the daily rewards your NFT produces.
More details on Love Monster NFT earnings coming soon.
Love Monster Dashboard (Alpha V1.0)

Claiming $LMT rewards

You can claim your $LMT at any time. However, make sure your Rewards Jar has enough capacity to store all of the $LMT. Once the Jar is full, staking rewards will pause until you increase its capacity or claim the rewards before they overflow. The staking rewards you receive will depend on the rarity multiplier, which is determined by the rarity tier of your Love Monster NFT.
Love Monsters Rarity
Multiplier
Common
1
Rare
1.1
Epic
1.25
Legendary
1.5
Unique
2.00
This is just the beginning of creating real value for Love Monster NFTs and it will only continue to increase in the future. Note that "Waking 'n' Staking" is different from traditional staking and does not require you to grant us ownership of your Love Monster NFT. All of your assets remain in your wallet. Your Love Monsters will appear in your dashboard once your wallet is connected. You can still list your Love Monster NFTs for sale if you wish to do so, however, any unclaimed $LMT from that Love Monster will be forfeited upon sale or unstaking.

Stake $LMT to Earn $NRG

By staking $LMT, you can start to earn $NRG as a reward token. To begin with, single-sided staking will be available, with plans for LP-staking in the near future.
Base Ratio without any staking streaks or boosters: 1000:2 Example: 1,000 $LMT Staked = 2 $NRG per day.
On top of this there will also be “Staking Streaks” which act as a multiplier and increase your ROI.
$LMT will be staked in capsules, the longer you keep your tokens staked, the more $NRG you'll be able to make with an additional 6% each month after the first 30 days.
Love Monster Dashboard (Alpha V1.0)

Swap $LMT for $NRG

For those who can't wait and want $NRG faster, there is the option to burn $LMT for a direct swap, currently at a base ratio of 1000:12 which will adjust overtime. When you swap $LMT for $NRG it is burnt, we will be carrying out monthly on-chain burns which will be visible to the public.
Love Monster Dashboard (Alpha V1.0)

Staking Streaks

The below example is based on a user staking 1,000,000 $LMT. The percentage cap is reached upon the 25th month and is set at max of 150% bonus.
Month
Daily
% Bonus
Extra $NRG
Daily
Monthly
0-1
2,000
0%
0
2,000 $NRG
60,000
1-2
2,000
6%
120
2,120 $NRG
63,600
2-3
2,000
12%
240
2,240 $NRG
67,200
3-4
2,000
18%
360
2,360 $NRG
70,800
4-5
2,000
24%
480
2,480 $NRG
74,400
5-6
2,000
30%
600
2,600 $NRG
78,000
6-7
2,000
36%
720
2,720 $NRG
81,600
7-8
2,000
42%
840
2,840 $NRG
85,200
8-9
2,000
48%
960
2,960 $NRG
88,800
9-10
2,000
54%
1,080
3,080 $NRG
92,400
25
2,000
150%
3,000
5,000 $NRG
150,000

Unstaking

You can unstake your $LMT at any time, but if you do so your staking streak resets. You can claim your $NRG at any time, but it's important to do so before your NRG bottle is full, once its capacity is full you will no longer be able to earn rewards so it's important you frequently come back and claim.
You have the option to withdraw your $LMT from the staking capsules at any time, but it's subject to a "Capsule Breakage fee" of 8.33%, which acts as an incentive to keep your tokens staked. The 8.33% fee is distributed to the Love Monster DAO where members of the DAO will be able to vote on what is done with the tokens, more information can be found by visiting the Monster DAO Page. It's important to keep in mind that there is a hard cap on $LMT, meaning, staking rewards could eventually run out. The higher your Love Monsters level the more $LMT you accumulate, the more $LMT you stake means you can earn more $NRG, allowing you to level up your Love Monsters and earn rewards faster.
Patrick enjoying his Stake