Staking/Farming Pools
Staking Pools FAQs
Frequently asked questions regarding the Unvest Staking Pool Creator.
What is the staking pool creator?
What is the staking pool creator?
The staking pool creator is a tool that allows users to create their own staking pools for any token. It allows users to set their own parameters, such as the name of the pool, the end date, the staking token, the reward token, and the total rewards.
How does a staking pool work?
How does a staking pool work?
A staking pool allows users to earn rewards by holding and staking a specific token. Rewards accumulate every second and can be manually claimed by any staker at any time. The rewards are calculated based on each user’s share of the total amount staked at any given time. As more users enter or exit the pool, the share of the rewards accruing to each user will change proportionally.
Can I create a staking pool for any token?
Can I create a staking pool for any token?
Yes, the staking pool creator allows users to create a staking pool for any token.
Is there a fee to use the staking pool creator?
Is there a fee to use the staking pool creator?
No, the staking pool creator is free to use. There may be fees associated with the actual staking process, such as network fees (gas) or fees set by the staking pool.
Can I create a farming pool with the staking pool creator?
Can I create a farming pool with the staking pool creator?
Yes, the staking pool creator can be used to create farming pools in addition to staking pools. Simply select a liquidity token as the staking token when creating the pool.
Can I create multiple staking pools with the staking pool creator?
Can I create multiple staking pools with the staking pool creator?
Yes, there is no limit to the number of staking pools that can be created with the staking pool creator.