Creating a Pye Account

This guide is intended for validators who are issuing Pye Accounts. Access to this page is restricted: your connected wallet must be approved as an authorized issuer affiliated with your validator organization.

If you have not yet completed the approval process, please refer to the Validator Onboarding section for detailed instructions on how to register your validator, complete issuer verification, and gain access to issuance tools.

STEP 1: Lockup Parameters

  • Go to https://app.pye.fi/

  • Navigate to the /Create Lockup tab

  • Input the following parameters:

    • Deposits Start: Date/time when stakers can begin depositing SOL or stake.

    • Deposits End: Date/time when stakers may no longer deposit.

    • Lockup Duration: Date/time when the lockup ends (eg. 3m, 1yr into the future), also referred to as "maturity".

STEP 2: Commission Structure

Pye allows validators to set custom commission for each reward source:

  • Inflation Commission: The % of inflation the validator keeps.

  • MEV Commission: The % of MEV the validator keeps.

  • Block Rewards Commission: The % of block rewards the validator keeps.

For more information visit our technical specification section.

STEP 3: Review Token Details

  • The symbol and metadata URI are autogenerated and obtained when a validator is onboarded.

  • Please review the symbols for both the PT and YT tokens and make sure the dates are correct.

Note: Stake Accounts get tokenized via the issuance of SPL tokens representing the principal and yield of the account.

Step 4: Sign TX in wallet

  • Confirm your transaction in the notification window of your wallet

Step 5: Visit new Pye Account

Congratulations, you have now issued a Pye Account. To share the Pye Account with your staker for deposit.

  • Click on the "View Lockup" button

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