Business Description

LooksRare collects a sales fee of 2% (in WETH) on all NFT sales except for private sales. All WETH collected from the sales fees are then combined at the end of each 6,500 Ethereum block period (approximately 24 hours) and then dispensed to LOOKS stakers per block over the next 6,500 block span.
You can claim your WETH rewards as often as you want, however, be aware that you will need to pay gas fees every time you claim your rewards.
If you forget to claim your WETH or you would rather wait until gas fees are lower before claiming, that’s fine. As long as your LOOKS tokens remain staked your WETH
will continue to accumulate even if you don’t claim every day.

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