Page cover

🛠️Set up Staking

Let us guide you through the process of setting up your own staking pool, tailored to your project.

Managing multiple projects? No problem, you can launch a seperate pool for each one.

Disclaimer: Once you choose a reward type and set up your collection, currently there is no way to change the reward type without deploying a new pool.

Register your Collection profile

  • Click "Creator Dashboard" in the top right corner of your screen and log in with your project's X account.

  • Once logged in, you'll be prompted to set up a new two-factor authentication (2FA) for your creator account to add extra security, because protecting your account comes first. Scan the QR code using your Google Authenticator app and enter your code.

    • You can share this 2FA code with other trusted members of your team that will help you manage your collection on Stakit.

      • Disclaimer: Whoever has access to this code, has access to all actions when it comes to collection management. Make sure you only share this with people you trust!

  • Upload your project's image, enter your project's name, and write a brief description of what you’re building. Don’t forget to fill in the referral code and link your social media pages to maximize visibility! (Connecting X is required)

Metadata

  • Arguably the trickiest part of setting up your staking pool is getting the metadata right.

  • We’ll provide example codes below—just replace the necessary details like id, name, attributes, description and ipfs (if required). If you don't use ipfs source for images, you don't have to add any extra lines to the code.

610B
Open
  • Customize your code, input it into Stakit, and ensure your collection size matches the exact number of inscriptions in your collection.

  • Once you paste the edited code, it should look something like this:

  • Now, let's set up the reward distribution system. Choosing the correct reward type is very important. Click the option you are interested in and follow the steps to setup your staking pool.

  • Currently, we offer 3 types of rewards. off-chain Points and on-chain Runes and BRC-20s.

  • Off-chain points exist only within Stakit, while on-chain Runes and BRC-20s are tokens deployed directly on the Bitcoin blockchain, potentially holding monetary value.

Last updated