Create Staking Pool (with Liquidity)

Staking Token with Liquidity

To create a Staking Pool using this option, the staking token must have liquidity, otherwise, use the Token without liquidity option. The fee for this option is the amount of the staked token in the ratio of 1 ETH. Staking Pool Recipe contract uses the price oracle contract to get the price of the token and calculates the amount of the token to be paid. You can calculate the amount of the token fee yourself here.

We'll interact with some contracts using write mode on Etherscan to create a Staking Pool.

Staking Pool creation process:

  • Approve the staking token to give permission for the recipe contract to spend the token

  • Create a Staking Pool

Approve Tokens

First, we have to approve the staking token.

Go to your token's contract address by looking it up on Etherscan. Then click the Contract tab and Write Contract like this.

Connect your wallet using the "Connect to Web3" button, go to the approve function and enter:

  • spender - the Staking Pool Recipe contract address

  • amount - 0xffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff (this is the max amount)

Staking Pool Recipe address:

  • Ethereum mainnet - 0x7679D3c9191f85C2fd7AD9c7D8f4cE9fF13D98Ce

  • Goerli - 0xce139e3aff464c084a398ba6d8e764e07aacc892

Prepare Staking Pool

Once the token is approved, we can start creating a Staking Pool.

Staking Pool Recipe contract:

Go to the Staking Pool Recipe contract on Etherscan, connect your wallet using the "Connect to Web3" button, and enter the details for the prepareStickyPool function:

  • _poolAdmin - an address to be the admin of the Staking Pool (you can use your own address)

  • _stakedToken - an address of the staked token (ERC20)

Once that transaction is completed, click through to see the transaction details.

Then find your Staking Pool Contract by going to the Logs tab, scroll to the bottom where you see StickyPoolDeployed, and copy the address labeled "pool" here in the events

The next step is to customize your Staking Pool UI.

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