Set up a liquidity pool

1. Navigate to the Management Panel

• In your management panel, click on “Add a new pool” to open the pool setup page.

2. Select the Staking Type

• Choose the “Liquidity” staking type. This option is specifically designed for staking liquidity pool (LP) tokens, enabling users to earn rewards based on their contributions to the pool.

3. Enter the Pair Address

• Input the contract address of the LP token pair.

  Note: This address should correspond to the LP token generated by a decentralized exchange (DEX) for a specific trading pair, such as ETH/USDT.

4. Enter the Reward Token Address

• Specify the contract address of the token that will be distributed as rewards.

  Example: You might reward users with a governance token or another native token for staking their LP tokens.

5. Set the Annual Percentage Yield (APY)

• Define the APY (%) for the pool. This is the reward rate that users will earn annually based on the amount they stake.
  • Example: Setting the APY to 1000% means users earn rewards 10x their staked amount annually.

6. Set the Lock Period

• Specify the number of days staked LP tokens will remain locked before they can be withdrawn.
  • This lock period applies uniformly to all stakers and resets when users stake additional LP tokens.

7. Set the Pool Expiration Date

• Enter the expiration date in the dd/mm/yyyy format.
• After this date, users will no longer be able to stake LP tokens in the pool.

8. Finalize and Create the Pool

• Click on “Add Pool” to finalize the setup.
• Your wallet will automatically connect, and you’ll be prompted to confirm a transaction to complete the process.

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.

1. Go to the Settings section of the pool.
2. Upload the token's favicon (image).
3. 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!