Pool Creation Process

Find out how to simply set up a staking pool, boosting the utility of your NFT with our NFT Staking platform.

NFT Pool creation process

Creating a pool on the Earn Network is fast, simple and anyone can do it. In order to create one you just have to use or build it via the Creator Lab and follow these steps:

1. Choose the category of the pool that you're creating In this example, we will follow the creation process of an EARN NFT staking pool, so the category is NFT Staking. If you want to create a staking pool for a token, please refer to our DeFi staking pool creation process.

2. Fill in the stake token information Select the correct blockchain and enter the contract address of the collection to be staked in the pool. Additionally, you must specify the type of NFT, choosing between ERC-1155 or ERC-721. For ERC-1155 NFTs, it's also required to input the specific token ID. After these details are set, click "Continue" to proceed.

3. Start adding rewards (optional) As a pool creator, you now have the option to enhance your pool by adding rewards. This step is ideally done before the pool's launch for optimal integration. The entire process for incorporating rewards is thoroughly covered in the reward provider tutorial detailed in our whitepaper.

4. Save the pool Once you've added all desired rewards or chosen to finalize them later, click "Save Pool" to make your draft available in the Creator Lab, here, your pool awaits approval.

5. Activate the pool Once your pool receives approval, it will be ready for activation, contingent upon completing the payment process. This payment can be made using USDT or, for 10% savings on activation fees, with EARN tokens.

6. Promote the pool After the payment is processed, your pool will be operational on the Earn Network Platform, accessible to all users. This is the perfect time to begin promotion and inform your partners that they can now contribute additional rewards.