Create Staking Pool in 5 Minutes!
We welcome you to the all new How-To Dapp Factory Series, where you will find easy and precise steps to use Dapp Factory and avail any service of your choice!
In this article, we’ll go through how you can create Staking Pool in 5 minutes!
Below you will find the complete procedure on How to use Dapp Factory and create Staking Pool in 5 minutes!
Step 1: Sign In
Sign in to Dapp Factory by connecting your wallet. Once you are on Dapp Factory, you will get a pop-up to connect your MetaMask.
Alternatively, you can manually connect to a wallet of your choice. Also, you can use your email ID and social accounts to log in by clicking the connect button on the top right.
Step 2: Select Staking Pools
Select Staking Pools from the left side menu and click on the create New Staking Pool banner available on top of the page
Step 3: Enter Details for New Staking Pool
On the next screen, enter the Input Token address (it’s the address of the token to be staked) and upload the token icon image. All other details should automatically be fetched by Dapp Factory. Click next.
Step 4: Enter Reward Details
On the next screen, enter the reward token address (it’s the address of the token to be given out as rewards) and upload the token image. All other details shall be fetched and filled in automatically as in the previous step.
Step 5: Enter Staking Pool Details
After entering the reward details, click next to proceed to the last and final step.
On the next screen, enter all the details carefully, including Amount (the total amount of Reward Tokens to be given out), Start and End block (The block number from which the staking pool rewards will start and end respectively), Withdrawal fee (the rate which will be charged per transaction), Harvest interval (Time till next harvest period in seconds), Fee address (The address where the fee charged will be sent to) and Referrer address.
Press the Create Staking Pool button to proceed which shall lead you to a pop-up screen as shown below where you can check and confirm all the details before deploying the pool.
Once satisfied with the details, click Confirm and Deploy Pool buttons.
Sign and Approve the Metamask notification on your screen to finish deploying the staking pool.
We have prepared a video tutorial on How to use Dapp Factory and create Staking Pool in 5 minutes!
Watch Video Tutorial:
Disclaimer: Once you confirm and approve the details for a service related to your token including start and end time or date, amount of the tokens or rewards, start and end block number etc, they cannot be rectified. We intend to protect general users and retail investors from rug-pulls and scams by implementing these restrictions on the developers and project owners.
We have also launched our Refer2Earn program, don’t miss out on it!⬇️
About Cryption Network
Cryption Network is founded and led by a team that has been building DeFi products for the last 3 years. We have built our products while bootstrapping and our goal is to simplify Web 3.0 for the general public and help onboard a billion people to DeFi.
Cryption Network is building a suite of flagship products on top of the Polygon L2 blockchain such as —
PolyDEX — A gasless DEX aggregator on the Polygon and Harmony. Getting the best price across both chains from multiple DEXs.
Dapp Factory — A no-code platform providing various project development services for upcoming and leading projects. There are a few staples that all projects need when thinking about tokenomics, liquidity, and circulating supply. Many projects create this on their own which means projects need to allocate resources away from their central mission. By creating a no-code platform for these projects we save them time and money. Examples: Staking, Farming, IDO, Liquidity Locker, vesting, etc.
Seer Prediction Market — The Seer Prediction market will be a layer 2 solution that will allow reading and creating predictions on virtually any topic. Matic will allow us to enable high-frequency trades gaslessly. Other prediction markets do not allow a high frequency of trades because of the high gas fees on Ethereum. Seer can also be used for insurance.
Cryption Knights NFTs — A collection of NFTs which have over 10 utilities including passive income, governance, allocation to IDOs, etc. This will be used to expand and build a strong Cryption community.
Investors:
Sandeep Nailwal Co-founder of Polygon (Angel Investor), Humayun Sheikh (CEO of Fetch.ai), CMS Holdings, GravityX Capital, Master Ventures, Ascensive Assets, X21 Digital, Waterdrip Ventures, M AU21, GenBlock.
Social Media:
Cryption Network Website | PolyDEX Website | Cryption Twitter | PolyDEX Twitter | Medium | Telegram | Telegram Announcements | Discord | Instagram | Facebook | Youtube
