🥩How to Launch a Stake & Earn Pool
Last updated
Last updated
Stake and Earn is an innovative development unique to Basejump.
Token Devs are now able to launch a staking pool along with their token. The aim of this tool is to provide immediate utility to tokens and support their growth / stability beyond the platform.
Staking becomes available for use after a token “jumps” to Uniswap. Users are able to stake LP tokens ( A combinnation of Token X <> ETH ) to earn token X rewards. This all happens automatically with just a few clicks. Anyone user who holds the Token ( including if acquired after "jump" ) is able to participate in the stake to earn pool. How to Launch:
The design of the staking economy takes place prior to token launch. It can only be edited at this point. Once the token is live on the platform, these metrics cannot be changed. There are two factors that can be customized, these in turn will affect the initial APY (annual percentage yield) available - supply allocation and duration - the predicted APY will be shown at this point. This will reduce as the pool is diluted. These are shown in extra options on the token design page as below. In order to add a farm you must enter values into both fields:
Once a token with staking successfully deploys on Uniswap, the stake to earn section will be available to access on the individual token page. What does farming do for me ? By staking LP tokens (combination of Token X and ETH), you the user are able to earn two things. 1. Emissions - these are tokens that are set to be distributed to users who stake, based on the parameters used to design the staking pool. This is done via Basejump smart contract. These tokens come from the initial supply that was allocated to staking at token design stage. 2. Trading fees - Uniswap takes a small % for all trading pairs. A part of these fees are shared with LP providers. On removing your LP tokens from Basejump staking, you will be automatically awarded the fee rewards from Uniswap.
All tokens you are farming actively can be found quickly on your profile page. In order to manage your position there a few options, these are found on the farm tab as image below, simply click the button and approve transaction to carry out the action:
Compound and stake returns
Claim returns
Stake more tokens
Withdraw all
