How much time do I need to create FaaS pools?

Asked 3 years ago

I like the idea of FaaS pools have customizable fees and flexible ratios. How much time would I need to create a FaaS pool of my own?

Ernest Nelson

Saturday, July 23, 2022

It will take you less than one hour to create a FaaS pool. To create a pool on Value DeFi:

  • Visit the Value DeFi website
  • Connect your preferred web3 wallet
  • Click the “Create FaaS pool” button
  • Enter all the requirements in the appropriate fields
  • Submit your pool to Value DeFi for approval with the click of a button.

These are the parameters you should consider to have your FaaS pool approved fast:

  • Choose your token pairs
  • Specify the pool weight, i.e., 98-2%
  • Specify the reward token
  • State the reward per block - the number of tokens you will distribute as rewards for each ETH block for the liquidity providers (LPs)
  • Stipulate the reward percentage, i.e., the share of allocated rewards locked till a given ETH block height is achieved
  • Enter the reward start and end blocks
  • Specify the vesting start and end blocks – the ETH block height where the pool starts allocating locked rewards to LPs
  • Unstaking frozen period – the time required by LPs to lock their stakes at your vFarms




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