Create A FLUX Pool (Farm)
Last updated
Last updated
Anyone can create a farm within a couple of clicks. On the FLUX dApp UI you will see a button called Create Farm. When you click that you will be taken to the Farm Pool Creation UI. Fill out the required Pool info as shown below. This includes:
1. Stake Token Address - This is the native token to the FARM that is used. For example if you want users to Stake PLS in the farm you would enter the PLS token address. If you wanted users to Stake INC in the farm you would enter the INC token address. 2. Deposit Fee % - This is the % users will be taxed upon entering the farm pool. If a user deposits 100 tokens and the tax is 4% the user will have a total of 96 vs the 100 they entered in. There is a min of 0% and max of 10% for deposit fee. 3. Withdrawal Fee % - This is the % users will be taxed upon withdrawing tokens from the farm pool. If a user has 100 tokens available for reward and there is a 4% tax the user will only receive 96 of the 100 when withdrawing. There is a min of 0% and max of 10% for withdrawal fee. 4. Duration (Days) - This is how many days you want you pool to run before ending. 5. Reward Amount - This is always calculated in PLS. The farm creator determines how much will be in the reward pool that's paid out to the stakers of the farm over the duration.
There is an initial creation fee of 150,000 PLS that is deducted from the overall reward pool. The 150,000 PLS is sent to the NEON BuyBack and Burn Pool.
Pool Creators are rewarded 75% of all fees collected from deposit and withdrawals from their pool! Once your pool is created you can refresh and check it out on the LIVE Farms.