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  1. Beta-Testing
  2. Set up Staking

BRC-20

BRC-20 tokens are a type of token standard built on the Bitcoin blockchain, that leverages Bitcoin's Ordinals protocol.

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Last updated 2 months ago

  • After selecting On Chain BRC-20s as your prefered reward type, you have two ways to proceed:

    • Deploy

    • Delegate

Deploy

This option allows you to create BRC-20 Tokens that did not previously exist.

BRC-20 Tokens are currently being sniped upon deployment. We do not recommend opting for BRC-20s, unless you wish to delegate instead of deploy. We are in contact with Mara Pool to try to resolve the issue.

  • Specify the total supply for your new BRC-20s, choose a name, and set the daily token emission per staked Ordinal.

Delegate

This method lets you allocate BRC-20 Tokens that are already deployed on the blockchain and available in your wallet. Your holders can then claim their staking rewards from this pool of runes.

  • Specify the number of tokens you wish to delegate to your staking pool, enter the token name, and set the daily token emission per staked ordinal.

  • Before finalizing your project submission, ensure that all the details are accurate and set up according to your preferences, then click "Finish".

  • Once your submission is approved by our admins, you can proceed to with setting up the staking pool.

  • If you choose to deploy new BRC-20s, you will need to send BTC to a designated wallet to cover the deployment cost. The entire supply will then be allocated to the staking pool.

  • If you opt to delegate, you'll transfer existing BRC-20s from your wallet to the provided address.

Congratulations!

You’ve successfully set up your staking pool! We hope your community enjoys using Stakit and the ever-expanding range of features we’re developing. Our team is working tirelessly to ensure your experience is as seamless and intuitive as possible.

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