4️⃣A GUIDE FOR POOL CREATORS
HOW TO OPEN A STAKE FLOW POOL FOR YOUR PROJECT- Any one can open a staking pool for a token of their choice IN 10 MINUTES OR LESS!
Last updated
HOW TO OPEN A STAKE FLOW POOL FOR YOUR PROJECT- Any one can open a staking pool for a token of their choice IN 10 MINUTES OR LESS!
Last updated
Follow this Guide to open a staking pool. Please join our telegram https://t.me/STAKEFLOW_DEFI for any specific questions! THINGS YOU WILL NEED: - The contract address for the token you want users to stake. - The logo of the staked token, 500x500px format - The contract address for the reward token you want stakers to earn - The logo for the reward token, 500x500px format - The rewards token you want to supply to the rewards pool- Any remaining rewards in the pool at the end of the staking pool's duration are fully refundable to the address that created the pool! - The length of time you want the pool to last - Must know if you want a lock period or if you do NOT want a lock period - The fee STAKE FLOW charges to deploy a staking pool (+ transaction fee, can vary) 1. Connect your wallet to the STAKE FLOW dApp. Make sure you are connected to the correct chain (i.e BNB).
Select "APPLY FOR STAKING POOL"
Enter the contract address for the token you want to be staked. Upload the logo for that token (must be 500x500px in size). Click "CONTINUE"
Enter the contract address for the reward token. Upload the logo for that token (must be 500x500px in size). Click "CONTINUE"
In the "Reward Amount / Supply" field, enter the amount of tokens you want to go into rewards for the duration of your staking pool. The "POOL REMOVABLE DATE" is the TOTAL duration of your staking pool! Choose any length of days up to 365 days. If you want a lock for stakers, enter the amount of days you want for the lock duration! If you don't want a lock, enter 0! "REWARD PER BLOCK" will automatically fill itself based on your "REWARD AMOUNT" and "POOL REMOVABLE DATE". DO NOT ADJUST THE "REWARD PER BLOCK" field!
LOCK OR NO LOCK Locks do not keep tokens stuck for any amount of time. Tokens can still be unstaked. They simply put a lock on when rewards can be CLAIMED. If a staker withdraws their tokens before the 'lock period'- THEY FORFEIT THEIR REWARDS, NOT THEIR TOKENS!
Enter the socials for the project! Website, Telegram and X account- must be in https:// form! Enter your personal contact link in case we need to reach out to you- must also be in https:// form, will not be publicly viewable.
Time to finalize and deploy your staking pool! Review all information is accurate! Select "ALLOW"- this allows our dApp to transfer the reward tokens to the staking rewards pool and to transfer the fee STAKE FLOW charges for service from your wallet. You can now click the "FINALIZE" button. Confirm the dialogue box that pops up from your wallet. This officially - deploys the staking pool - transfers tokens that get paid to stakers into the rewards pool (Any remaining rewards in the pool at the end of the staking pool's duration are fully refundable to the address that created the pool!) - transfers the service fee to the STAKE FLOW treasury
The final page will give you the contract address for the staking pool. Most tokens will not need to worry about this address, unless you have a situation where you must exempt that address (explained later in these docs!)
Token holders can now stake their tokens and earn rewards for doing so! Make sure to share the link in your community and socials! Tag STAKE FLOW on X and we will share it as well as post it in our telegram! Note: Any remaining rewards in the pool at the end of the staking pool's duration are fully refundable to the address that created the pool after 72 hours from the end of the duration of the staking pool!