Entering Pools
Last updated
Last updated
Before you begin, you need to:
Login to your account (.
Find a pool you would like to enter ( )
Check your token balances to make sure you have enough tokens to enter your selected pool. ()
Before you enter a Pool, lets dig down into the Pool detail to make sure we understand the terms.
First, lets review the Pool summary bar.
Here, we can get a quick summary of the pool's important details: Beneficiary, Pool Manager, staking token, staking amount, staking duration, number of participants entered, tatal number of participants, your expected reward {warning: rewards can change over the duration of the pool} and any random distribution the pool may have configured.
Lets scroll through the Pool summaries and find one we like. Now click on the down arrow at the bottom of the summary to see the actual pool detail.
We're are going to select a completed as an example pool so we can see the all the pool detail. The Pool detail is dividend into the following group: Pool, Participants, Status, Milestones, Staking and Payout. Let's review each.
This section provides identifying information about the pool.
Pool Id - a system generated numeric identifier for the pool
Pool Name - a descriptive name for the pool supplied by the Pool Manager
Term Id - the term id that govern this pool. This is a link to the actual terms. When you click on the terms id, you get something like this depending on how the terms are configured.
Here you can see how the payout is defined each actor and what percentages of each reward source they get. In this example, 'maintoken' or the yield source is distributed as follows:
5% split evenly amount all participants
92% to the Beneficiary
3% to the Pool Manager
The 'project token' or the token that was supplied by the beneficiary are a reward for this pool is allocated as follows:
100% to the Winners, with 1 winner getting 75% and another getting 25%
100% vesting in 0 Period, meaning that the 'projecttoken' will be available to the Winner as soon as the pool closes.
For a much more detailed discussion of terms, please go to Creating Terms.
Project Id - a system geneated identifies for the project
Pool Type - a pool can by either a 'Yield Pool' meaning that it dervies its reward from staking rewards or a 'Manager Funded' pool meaning that the Pool Manager supplies the reward directly.
Pool Category -
This section displays information about the Participants in the pool.
Status provide information about the current state of the pool, its stake and the current state of vesting if it is defined for this pool.
Milestones track the state change dates for the pool. Important dates include create date, closed time, enrollment end, pool start and stake end dates.
Staking provides current information regarding the pools stake including the entry stake amount, the total amount currently staked, the staking period, the entry fee and who's paying for it, the estimated yield as an APR, the estimated total yield for the pool and the actual total yield and APR. The estimated a actual yields may differ over time depending on the yield source.
Payout displays who gets what. Payout displays all the payouts for the 'maintoken' bucket and 'project token' bucket if on is defined.
Once you find a pool that meets your requirements, simply click on the 'Enter Pool' button and was long as you have enough available balance to cover the stake entry fee, you in!
