GENESYS BLOCKCHAIN
  • ⛓️GENESYS BLOCKCHAIN (GCHAIN)
    • ⛓️GCHAIN
    • ✅What is GCHAIN?
    • ✅Proof of Authority
    • ✅Validators
    • ✅(GSYS)
    • ✅How to add Gchain to your wallet
    • 📚Glossary
    • ⚠️Terms & Conditions
  • 🐘GENESYS WALLET (GWALLET)
    • 🐘How to create your Gwallet
  • GENESYS VIEWAPP
    • 📊GVA General Aspects
      • 📈Why GVA?
        • 📊GenesysView App
        • 📈GVA products & Services
        • 📈GVA Features
        • 📈GVA Launchpad
          • Connect Wallet
          • Change Network
          • Let's Connect
          • Coin Crafter
            • Mint Coin
            • My Token Collection
          • Genesys Platform
            • Launch Pre-sale
            • Pre-sale Directory
          • Reward Lock
            • Set up Pool
            • Pool Ledger
          • Prize Draw
            • Launch Simple Lottery
            • Lottery Roster
          • Secure Vault
            • Establish Secure Lock
            • Token Secure Storage
            • Liquidity Vaults
          • Utility Kit
            • Multisender
            • Wrapped Converter
            • D-vote
            • Soon!
            • Market Maker
          • Collaboration Hub
        • 👨‍💻GVA P2P exchange
        • 🔐GVA Privacy & Security
  • BLUELOTUSDAO
    • Introduction
      • Best returns/yield for Liquidity Providers (LPs)
      • Best Rates for Traders
    • BlueLotusDAO Products
      • 🔁Exchange
        • Token Swap
        • Time to Trade
        • LPs (Liquidity Pools)
        • How to Add/Remove Liquidity V2
        • How to Add/Remove Liquidity V3
      • 🚜Farming
        • How to Use Farms
      • 🪙Pools
        • How to Stake in Pools
      • BlueLotusDAO Protocol
        • How BlueLotusDAO works
        • Programmable Pricing Curve
        • Dynamic Fee
        • BlueLotusDAO Ecosystem
        • Adding Liquidity in BlueLotusDAO
        • Protocol Fee
        • BLDT TOKENOMICS
          • BLDT Description
          • Deflationary Mechanisms
  • BLUELOTUSDAO GOVERNANCE
    • Introduction
    • Native Token
    • Governance
      • 📝Summary
      • 📚Categories
      • 🤝Voting
        • Voting Authority
      • ⚙️Governance Process
        • Governance Stages
          • Temperature Check
          • Consensus Check
          • Governance Proposal
      • 🔗Security
      • 🌎Blue Lotus Foundation
  • BLUE20-BRIDGE
    • Blue20-Bridge Intro
    • Blue20-Bridge
    • How to use Blue20-Bridge
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On this page
  1. GENESYS VIEWAPP
  2. GVA General Aspects
  3. Why GVA?
  4. GVA Launchpad
  5. Reward Lock

Set up Pool

  1. To create a staking pool for your token, follow these steps:

In the side menu, navigate to Staking and select "Create Pool."

  1. Verify the token contracts and set up your pool parameters.

In the staking pool configuration, you need to set up two tokens. The first token, the Stake Token, is the one users will lock in the pool, and the second, the Reward Token, is what they will receive as rewards. Both tokens can be the same, but if they differ, ensure they have the same number of decimals.

  • In the "Slots" field, set the initial number of slots available in the pool. Slots represent the minimum staking units, grouping a certain amount of tokens. You can increase this number later.

  • In the "Max Number of Slots per Staker" field, define how many slots each wallet can stake. This value can also be adjusted later.

  • In the "Quantity of Stake Token per Slot" field, specify how many Stake Tokens correspond to one slot.

  • In the "Quantity of Reward Token per Slot" field, input how many Reward Tokens will be awarded for each used slot.

  • In the "Token Lock Duration in Days" field, set the staking period required for users to receive their rewards.

For clarity, let’s use an example:

Suppose I create a staking pool where users both stake and receive rewards in the same token. I set:

  • Initial slots: 100

  • Maximum slots per wallet: 10

  • Tokens per slot: 200

  • Rewards per slot: 10 tokens

  • Staking duration: 30 days

With this setup, the Annual Percentage Yield (APY) is around 60.83%, and I need to allocate 1000 tokens for the rewards.

If a user stakes 2000 tokens (10 slots at 200 tokens per slot), they would need to wait 30 days to claim their rewards. Afterward, they can claim 100 tokens (10 slots x 10 reward tokens per slot). After this, 90 slots remain, which can be increased from the admin panel if necessary.

  1. Once all the fields are filled out, click the "Check" button.

It will display the estimated APY (Annual Percentage Yield), the amount of Reward Tokens required for the pool, and the cost of creating the pool.

IMPORTANT Before proceeding, if the token has any fees or rewards, you must exclude the staking contract to prevent errors. Rebase tokens are not supported in this staking system.

  1. Approve the Reward Tokens and create the pool.

    If you wish to adjust any parameters, click on "Modify values." If everything looks correct, click "Approve tokens and create." You will then be prompted to approve the specified amount of Reward Tokens, followed by a confirmation for the creation of the pool.

    Once the pool is successfully created, you can access it by clicking the "Go to created pool" button.

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Last updated 7 months ago

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