CREATE Solana TOKEN STAKING DAPP: Solana TOKEN STAKING BUILDER
To create a Staking on Solana you need a Developer. But the reality is that you can create your own Staking dApp for free. In this post, I explain how to do it using Token Staking Builder.
And not only that, you will have it ready in just 5 minutes. Yes, you can incentivize your community without programming and at no cost. Let's go straight to the step by step.
By the way, if videos are your thing, here is the tutorial in your preferred format:
Create Solana Token Staking dApp
In our builder you will be able to build your own Solana token staking, first access the Solana Token Staking Builder (https://stake.smithii.io/) and click on "Create now".
Step 1. Access the Solana Token Staking Builder:
After clicking on "Create now", we will enter an email address to create our account and click on "Create".
Then we enter the account information: "Your Name" and "Project Name" to identify our staking and "Staking URL" to customize the shareable link of our staking.
Important, in the Staking URL field we will only enter the extension of the URL, I mean, what goes after the /, for example, if we enter "My Staking Project", the final URL would be: https://stake.smithii.io/my-staking-project. As you will see in the example, the syntax of a URL does not take into account capital letters and spaces.
Subsequently, we click on "Select Wallet", link the wallet containing the staking token and the reward token, and select "Continue."
If you do not yet have a Solana token, you can learn how to create it easily with our step-by-step guide.
Step 2. Create Our Own Solana Token Staking Website:
When accessing the builder, we will find an interface with customization options.
You will find a window with options to modify colors, logo, background, menu (navigation), on chain setup ( staking setup itself) and upgrade the plan. The latter will give you access to premium options such as customizing the logo and background, among other things.
At the bottom of the interface you will preview the color changes as you interact with them.
By modifying the "Navigation" options, you will be able to customize the menu of your Solana Token Staking Site. The URL will be the destination to which you will send your users, and the "Tag" will be the text to display. You will also be able to enter your project's social networks.
On chain set up
This is where the magic of creating your Solana Token Staking dApp happens. Here, you will add the two types of tokens you need: staking tokens and reward tokens. And they don't necessarily have to be of the same species; you can promote staking with one kind of token and reward with a different one.
The wallet you have linked will be designated as the "Authority Wallet" of the staking, and that property will be immutable. You will find options that I will explain below:
Staking Token: The token that your users must lock to receive the rewards, this is the token of your project, it can be a standard token or a meme coin. If you are interested in knowing how to create your own meme coin on Solana, here is our guide.
Reward Token: This is the token with which you will reward your users; it can be the same as the staking token or a different and attractive one such as $USDC, $SOL, $WIF, $BONK, etc. This will depend on your strategy and how to encourage investors to stake your own Solana token.
Reward Token Amount to Deposit: Basically, it is the reward pool. Enter the amount of Reward Token for that pool. From there, users will be paid for their staking.
Add Extra Fee: This is an exciting customization option for the premium plan. In the free option, the Staking Builder on Solana you are using retains a fee of 0.008 SOL for each staking, while in the premium option, it retains 0.002 SOL, and you can add an extra fee to retain it yourself.
Reward Token Quantity per Day: This is the amount of "Reward Token" that will be paid for each "Staking Token" daily, this option will depend exclusively on your strategy.
Minimum Stake Amount: The minimum amount of tokens a user must stake to participate in the reward pool.
Lock Time (minimum staking days): This is the minimum period of time tokens must remain locked on staking before users can withdraw rewards.
In the premium version, more than one reward pool can be created, giving much more flexibility to the developer.
Step 3. Deploy Your Own Solana Token Staking dApp
When we finish customizing the Staking of our token on Solana, we can click on "Deploy", this will work as if we were creating our own Staking smart contract on Solana.
We will review the information of the authority wallet, our staking token, and reward token, which we can review and modify before proceeding. Once we are sure, we click on "Continue".
Once the above is done, we will preview the payment information. Don't worry; if you use the free options of the basic plan, no charge will be made.
We click "Finish" and accept the blockchain transactions; that's all, we have our own Solana Token Staking site.
Conclusion
Smithii's Solana Token Staking Builder tool is a revolutionary platform for token project owners who want to enter the Solana Defi world, without high programming costs and complicated developer hires, anyone can create their token staking website in a few easy steps for free.
It is simple, customizable and, most importantly, effective in managing and incentivizing token retention.
Whether you are looking to create a Solana token staking website for your project or just want to explore the possibilities, Smithii Staking is worth the effort.
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