Run a staking pool

Running a pool means creating a staking pool, choosing the listings it backs, and setting the prices and weights yourself. Other members can then delegate into it, and you earn a management fee on the pool's rewards.

Before you start

Being a member is the only requirement to create a pool. Stake into it separately, like any member, if you want exposure to its risk.

Creating a pool

Create a pool from your pools on the stake page. You set the pool's shape: public or private, a name of up to 80 characters, and a description of up to 500 characters. You also set the current management fee and the maximum management fee.

You then set the pool's initial listings, each with a target weight and a target price.

The name and description go to IPFS, and the hash goes on-chain.

The management fee

You must set the maximum management fee below 100%, and it stays fixed after creation. See Staking pools.

The current fee changes any time up to that maximum, and the change takes effect immediately.

Managing listings

You set a target weight per listing. Capacity explains the bounds and the pool total.

You set a target price for each listing, within the bounds on Staking pools, and at least the listing's minimum price where the Advisory Board set a higher one. The target price changes immediately, and the price buyers pay moves toward it over time. See Pricing.

Public and private pools

You can switch a pool between public and private, see Staking pools. A private pool accepts deposits and extensions from you, the manager, only.

What you earn

Your fee comes off the pool's rewards before delegators receive theirs, and you can withdraw it any time.

What you risk

Burns hit your own deposit like any other stake. Your fee stays outside burns.

Where to look

Staking pools covers running a pool in depth, Stake NXM covers delegating into one, and Capacity explains how listings turn into capacity.