TechFlow News — Official announcement: NFT trading platform LooksRare has launched the LOOKS Compounder, which allows users to stake LOOKS and automatically convert WETH rewards into additional LOOKS tokens.
Currently, over 52 million LOOKS are staked in the LOOKS Compounder, accounting for 16.2% of all staked LOOKS.
The LOOKS Compounder collects users' earned WETH rewards, uses them to buy more LOOKS, and restakes them, enabling users to accumulate additional LOOKS over time.
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