To create a compound staking pool, follow these steps:
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Navigate to the Management Panel
- In your management panel, click on “Add a new pool” to open the pool setup page.
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Select Staking Type
- Choose “Compound” as the staking type to enable auto-compounding for rewards.
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Enter the Token Contract Address
- Provide the contract address of the token you want to use for staking.
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Define the Maximum Stake Amount
- Set the maximum number of tokens that users can stake in the pool.
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Set the Annual Percentage Reward (APR)
- Input the desired APR for the pool.
- Note: The system will display the adjusted APR on the right side of this field, factoring in the compounding effect.
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Configure the Lock Period
- Specify the lock period (in days), which determines how long staked tokens will remain locked before they can be withdrawn.
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Set the Pool Expiration Date
- Enter the date after which users can no longer stake tokens in the pool.
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Finalize and Create the Pool
- Click “Add pool” to initiate the pool creation process.
- Your wallet will automatically connect, displaying details of the contract interaction. Confirm the transaction to complete the pool setup.
Adding a Token Image for the Pool
Once the pool has been created, you need to upload a token image to make the staking pool visually appealing and recognizable for users.
- Go to the Settings section of the pool.
- Upload the token's favicon (image).
- Save the changes.
This step ensures the staking pool displays the token image alongside the pool details, making it easier for users to identify and interact with it.
Once the token image is added, the pool will be visible to users, ready for staking!