🔶Runes

Runes are tokens deployed on the Bitcoin blockchain, often carrying monetary value. Transactions involving runes incur a fee, similar to other blockchain-based assets.

• After selecting on-chain Runes as your reward type, you have two options to proceed:

  • Deploy

  • Delegate

Deploy
This option allows you to create Runes that did not previously exist. However, choosing this method requires a waiting period of 7 blocks before your pool becomes active on Stakit.

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

Delegate
This method lets you allocate Runes 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 Runes, 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, but you will need to wait 7 blocks to confirm, before your pool goes live.

• If you opt to delegate, you'll transfer existing Runes 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.