Match Staking
Where prediction markets meet staking.
Introduction
Match Staking is an implementation of our Gamified Staking vision for the LEGEND token. It allows you to earn awesome yields by predicting the winner of a sports match. According to your estimated odds for the winner of a match, you stake whatever amount of $LEGEND you want on each team. The more you staked on the winner, the higher your return in $LEGEND.
Requirements
Match Staking is available on Base, a fast and inexpensive Ethereum L2. Therefore, you need both $LEGEND (to stake) and ETH (to pay for gas) on Base.
Check out our docs to learn how to get $LEGEND in your wallet. If you get it on Ethereum, you can use a bridge to move it to Base.
In order to get Base ETH, you have a number of options:
- Buy it on a CEX that supports Base withdrawals, like Coinbase.
- Buy ETH on any CEX, withdraw it on Ethereum, and then use Superbridge to move it to Base.
- Buy ETH on a Base DEX.
- Buy ETH on any Ethereum DEX, and then use Superbridge.
- If you already have ETH on Ethereum, use Superbridge.
- Connect your wallet in this page, click 'Buy', and choose ETH and Base.
Note that you need little ETH, since Base fees are very low.
How to play
Once you have $LEGEND and some ETH on Base, you can start staking on the match pools you prefer.
Head to Legend Stake and connect your wallet. Then, find a pool for a match that hasn't started yet and which you're interested in. Estimate the odds for each team and stake any amount of $LEGEND on each team accordingly.
Before the match starts, you can update your stakes as many times as you want without incurring any penalty, other than the gas fees for the transactions. Once the match starts, you can't make changes any more.
When the match ends and the pool is finished, you can claim your original stake minus your contribution to the rewards pool (if any), plus your rewards. The pool may take some time to be finalized. Usually, you can claim your tokens a few minutes after the match ends. But it might take up to 24 hours in some cases.
Where the yield comes from
The rewards come from the users' contribution (if any), plus any additional boost from Legend (if any). Users' contribution is a percentage of the staked $LEGEND amount.
All pools show the percentage you contribute to the rewards pool. In general this will be a positive number, but there're pools with a 0% contribution. In those cases, the rewards pool is fully comprised of the Legend boost and you don't put any $LEGEND amount at risk when staking. Similarly, match pools show the boost which has been applied too.
How rewards are calculated
Remember that the rewards pool is a percentage of the Total Value Locked (TVL) for the match plus the Legend boost. You can see this total amount in the match pool details.
You get the proportional rewards of the pool based on how much you staked on the winning team vs the TVL for such a team. All this information is available in the match pool details.
What happens in case of a draw?
In case of a draw, you just get back your stake minus the contribution to the rewards pool (if any). Legend may use such a contribution to boost subsequent matches.
When can I claim my tokens?
Between a few minutes (usually) and 24 hours after the match ends, the pool is finalized and then you can claim your tokens anytime you want. Use them to stake in the next match and compound your yield!