LooksRare is the community-first NFT marketplace that actively rewards traders, collectors, and creators for participating. Part of being community-first means that LooksRare rewards, empowers, and gives back to the platform's users and creators. LooksRare’s smart contracts are custom-built within a modular system that enables new features to be rolled out over time–without compromising security–thanks to standardized signatures that clearly define the execution scope.
- Users that buy or sell NFTs from eligible collections earn LOOKS tokens
- 100% of trading fees are earned by LOOKS stakers
- Creators get royalty payments at the moment of sale
How you make money
Earn by Staking - 100% of LooksRare’s trading fees are redistributed proportionally to LOOKS stakers.
Earn by Trading - You earn LOOKS every time you buy or sell an NFT from an eligible collection.
Earn by Providing Liquidity - Provide liquidity to the LOOKS-ETH pair on Uniswap V2 to earn additional LOOKS rewards on top of Uniswap’s regular liquidity provider rewards.
How LooksRare makes money
LooksRare collects a basic sales fee of 2% (in WETH) on all NFT sales excluding private sales. All the WETH collected from these fees are consolidated at the end of each recurring 6,500 Ethereum block period (roughly 24 hours) and then distributed to LOOKS stakers in a linear format per block over the next 6,500 block period.
Is it safe?
As with any investment, there is no guarantee that your assets will increase in value over time, and there is always a possibility that you will lose the value of your principal investment.
From utilizing some of the world’s most powerful search infra, down to implementing on-chain standards like EIP-712 and ERC-2981, LooksRare’s technical architecture (contracts, database, API, front end, search) has been designed from the floor up for scalability, speed and security using the latest and greatest tech.
Things to know
- You make money onValue
- Payout frequencyAsset sold
- Term of investmentZero
- Open toAll Investors
- Country availabilityUS only
- Assets under managementUnknown
- Mobile Application No
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Value after fees
Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts.
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