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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