Staking-as-a-service
On this page you will find everything you need to know about creating your own farm/staking pool.
Last updated
On this page you will find everything you need to know about creating your own farm/staking pool.
Last updated
This whole page is dedicated for projects/teams who wish to create their own stake or farm pool to allow their community to participate in the ecosystem and earn rewards.
Your stakers will get rewarded from the reward pools created by your team, with any chosen token. It can be the same token as the staked one, USDC, ETH, BNB, AVAX etc. It's all up to you.
a staking pool, with a single-sided token to be staked (e.g. BNB, ETH, USDC, TOKENXYZ, etc.)
a farming pool, with an LP token, i.e. pair, to be staked (e.g. BNB/TOKEN XYZ)
Once created, a staking pool cannot be deleted. Do ensure everything is setup correctly, mainly:
contract address of the token to stake
each time boost with proper scale (minute/hours/days/weeks/months/years),
The minimum and maximum amount of tokens to stake needs to be checked carefully for LP tokens as ratio/supply is not necessarily what you are expecting. However this parameter is editable from the "setting" > "Stake pool" menu by the pool owner.
First, you have to locate our Farms, to do that select the "Farms" tab in our UI and proceed. You can also select https://legacy.uncx.network/chain/mainnet/farms.
Once you are on our farms page select "Create" button, highlighted in red on the image below.
After selecting "Create" button you will be taken to the stake pool creation page. At the top of it you will find all the supported features and a general description. First, you will have to select a token you want your users to stake.
Next, you can set a minimum staking period. You can set it in seconds, minutes, hours, days, weeks, months or even years. Another customizable thing is minimum staking amount and maximum staking amount. Note: If you set "Max stake amount" to max_value, there will be no limit.
You can create a fee for a stake modification, although it is optional. It can be charged in the blockchain's native token or any other token you want (on the same chain).
Another optional, yet very useful setting is a custom time boost. It basically incentivizes users for locking their tokens for a specific period of time.
Last thing is choosing your operation country. Before proceeding, please double-check all the settings. Once created staking pool cannot be removed. UNCX Network is a decentralized platform and will not fix your staking pool for you.
To ensure stakers are not taxed upon staking their tokens as well as when harvesting their rewards, please consider whitelisting the staking and rewards pools from your contract after creation.
Note: This only applies to single-side token staking, i.e. not for LP tokens
This ensures stakers will not be taxed upon staking.
Create the staking pool as per our documentation above
Get the address of the staking pool you have just created (this can be found in the URL)
Whitelist the address of the staking pool from your token contract
To reward your stakers, you have to create a reward pool. In order to do this go to your staking page and select the gear highlighted on the image below
You will be taken to the settings screen. Select "Reward pool".
First, you have to select a token you want to reward your stakers and the amount of reward token dedicated for farmers from start to end of farming. This can be topped up later on.
Next thing to set is a start and end date of the reward pool.
You can set an optional bouns period. It works well to encourage your stakers to stake early.
Please, check everything again carefully before proceeding further.
To ensure stakers are not taxed when harvesting their rewards, please consider whitelisting the reward pools from your contract after creation.
Note: This only applies to single-side token staking, i.e. not for LP tokens
This ensures stakers will not be taxed upon staking.
Create a reward pool as per our documentation above
Get the address of the reward pool you have just created from the URL
Whitelist the address of the reward pool from your token contract
Repeat the steps for any additional reward pool you will create
Go to your staking pool page and select a reward pool you want to top up, you will see the screen presented below. Select "Admin" button (highlighted in red).
There, you will find three fields, allowing you to:
Top up your reward pool
Increase block reward
Withdraw a specific token
Open your farm page, select the gear on the side of the screen (highlighted on the image below).
You will be taken to the screen presented below.
If you select "Banners & Media" you will be taken to the page presented below. There, you can adjust your Token icon and Banner. Note: Update your image to imgur and provide the link to the PNG image directly and NOT to the gallery. i.e. your link must end in ".PNG". To ensure you do this properly, you should right-click on your image in imgur and "copy link"
If you select "Stake pool", you will be taken to the general setting of your staking pool.
Most of the settings are identical to the ones in the pool creation page, and they are explained in this section.
A large portion of rewards for stakers/farmers in a short time frame could lead to high inflation and may hurt the chart. Below are some suggestions to counter the inflation.
Alternative rewards
You can have multiple rewards pools and consider various tokens for rewards, not (only) the same as the token staked. This could be a secondary token in your ecosystem, or even BNB, stable coin, or the token of another project you are partnering with.
Time-lock
Several level of time-lock periods each with an appropriate % boost can help ladder the unlock time of the token/LP token and limit the consequences of inflation.
Separating small players from whale can help making it worth for everyone. You can consider 2 or more tiers for your stake/farm with different requirements holding requirements
e.g.
Tier2: 0-100 tokens, 30% of total rewards
Tier1: 100-Infinity, 70% of total rewards
This helps redirecting most of the whales to the upper tier while leaving a chance for small holders to still earn some rewards.
Plan the "time-boost" while acknowledging that there are 2 types of boost: Your time-boost and UNCL boost. The stakers have the choice of any combination. You need to understand how the UNCL boost works so that there is no "competition" between the "time-boost" and "UNCL boost", but more like a synergy: they complete each others. If your time-lock boost is not really appealing, your community will not time-lock their coins (other than the minimal requirement you set) and may instead only use UNCL to boost their stake. This may impact your ecosystem.
Recommendations
Set a minimal locking period which would look aligned with your tokenomics and roadmap
Consider a boost up to 100% for several months or a year of locking
Consider how to incentivize different profiles who have different needs with several time-boosts options over a wide timeline
What to do if you wish the APR to be 50%?
Simple answer: you cannot.
Why?
The APR is calculated based on the current reward block, which is linear, and depends on the amount of tokens staked (more precisely on the "total stake weight"). It's a rough indication for stakers.
Your farm/stake APR will be very high in the beginning and will settle to a lower % as more people are joining.
How to mitigate the risk of early whales earning most of the reward?
Create a reward pool with a start date in the coming days (i.e. not rewarding immediately) and communicate properly to your community ahead of the reward pool start time: this should give people enough time to think over it and potentially join your pool.
Additionally: start with a low reward and top up the reward pool along the way if required to give enough incentive for current stakers to stay and for new stakers to join.
