Decentralized Pool Creation
The Polaris app allows anyone to launch a liquidity mining program without additional development. The app is permission-less for anyone to use and customize to their preferred settings.
To create a new Supernova pool, you simply need to decide on the following:
- Staking token: the token you want users to stake (usually some sort of DEX LP)
- Reward token: the token stakers will receive in exchange for staking their LP tokens
- Bonus period length: the duration users need to stake for in order to receive the max time bonus
- Max time bonus: the maximum rewards multiple which users can earn for staking over the Bonus Period
Once you create your pool with those settings, you simply need to fund your supernova with your reward tokens and decide on the duration of the funding. Note that you can fund your pool as many times as you'd like.
This entire process takes less than 3 minutes to set up, which makes Polaris the ideal solution for attracting more liquidity for your token with time-based incentives to prevent quick dumping of rewards.