🛠️Technical analysis
Technical analysis of Nebula stake pools
The Nebula Pool Creator stands as a pivotal feature within the Orbital7 Tool suite, designed to empower users with the ability to easily set up and manage staking pools. Positioned prominently above the technical analysis tools, it facilitates a seamless integration of staking opportunities with analytical insights, enhancing strategic decision-making. This innovative tool simplifies the complexities of staking pool creation, allowing for a more accessible and efficient way to engage with digital asset management and incentivization strategies.
BRC-20 staking protocol
BRC-20 Staking Protocol is the first Staking Protocol standard for Bitcoin ordinals, created by BRC20 LAB, to enhance some of the key features of BRC-20. It is aimed to create a stable revenue model based on the foundation of the BRC-20 & ORC-20 protocols, with safety and practicality as prerequisites. The BRC-20 staking protocol combines the security of ORC-20 with the stability of BRC-20, utilizing a dual-token model to enable users to passively earn rewards through non-custodial staking.
Users can:
Create staking pool
Check the analytics of the staking
Stake
Withdraw
Get rewards
Exit
User flows:
Create staking pool
User clicks on “Create new staking pool”
User fills out the details
pool name
staking token
reward token
rewards amount - the total amount of rewards token to be distributed by this staking pool
Duration
User send the transaction to create
Technical flow:
Create staking pool
User clicks on “Create”
Frontend displays a form to fill out
User sends all details
Frontend creates the transaction
User will sign it
Frontend sends the transaction to blockchain
Frontend requests the backend to create a new pool
Backend starts polling the transaction
If success, then a new pool details will be added to database
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