# Create a Lockup

{% embed url="<https://www.loom.com/share/a65fd37abaab47a3a26211639eae1e0a>" %}

This guide is intended for whitelisted validators who are issuing Lockups. In order to create a lockup, your organization needs to approve specific wallets affiliated with your validator organization as `admins.` Admins have the ability to sign and create Lockups.&#x20;

If you have not yet completed the whitelisting approval process, please refer to the [Validator Onboarding section](broken://pages/SsY3khSSHWj9rSb6OWet) for detailed instructions on how to register your validator, add admins, and gain access to creating Lockups.

After a Lockup is created and issued onchain, it cannot be deleted and will run until maturity, however Validators will be able to toggle visibility of the lockups between public and private.

<details>

<summary>STEP 1:  Lockup Parameters</summary>

* Go to <https://app.pye.fi/>
* Navigate to the `/Create Lockup` tab
* Input the following parameters:
  * **Single Depositor (optional):** Whitelist a single depositor address that will be able to deposit into the Lockup.
  * **Lockup Duration**: Date/time when the lockup ends (eg. 3m, 1yr into the future), also referred to as "maturity".
  * **Deposits Start**: Date/time when stakers can begin depositing SOL or stake.
  * **Deposits End:** Date/time when stakers may no longer deposit.

Notes:

* **Validator Vote Key: No need to enter this, it will auto-populate after whitelisting.**

</details>

<figure><img src="/files/wmOQ1RFwGEgQ9WDX0D6r" alt=""><figcaption></figcaption></figure>

<details>

<summary>STEP 2: Commission Structure</summary>

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](broken://pages/aOjs4gC5WzIpifbjuGsn).

</details>

<figure><img src="/files/qefi7yb6lOLOvPV0Yn4j" alt=""><figcaption></figcaption></figure>

<details>

<summary>STEP 3: Review Token Details</summary>

* The symbol and metadata URI are autogenerated.
* Please review the symbols for both the PT and RT tokens and make sure the dates are correct.

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

</details>

<figure><img src="/files/DDLu1avZmIs3w4kFrbPM" alt=""><figcaption></figcaption></figure>

<details>

<summary>Step 4: Sign TX in wallet</summary>

* Confirm your transaction in the notification window of your wallet

</details>

<figure><img src="/files/3GSehJAqr5iznGLMRlCn" alt="" width="265"><figcaption></figcaption></figure>

<details>

<summary>Step 5: Share Link to new Lockup page</summary>

Congratulations, you have now issued a Lockup.To share the Lockup directly with your stakers for deposit:

* Copy the generated link URL and share.

</details>

<figure><img src="/files/hYV3dKU54qsbl7kvvBMo" alt=""><figcaption></figcaption></figure>


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