New to pods? Great! Let’s get you started!

First a quick overview - what are pods?

• Pods are smart contract vaults that distribute rewards to depositors

• Pods can be created by anyone for any underlying token

• Pods have no minimum deposit, locktimes or any other constraints for deposits or withdrawals

• Pods pay out rewards per block as a constant stream, claimable at any point in time by the depositors

Pods are not:

• Liquidity pools

• Investment products or derivatives

• Money printers

Pods are mainly distribution tools used to incentivize the holding & depositing a particular token - from basic ERC-20s to NFTs to LP positions.

Now you know what pods are - but how can one use them for growth?

There are 3 main usecases we want to highlight in this tutorial.

1. Rewarding Token Holders

2. Incentivizing Liquidity Providers

3. Distributing Protocol Yield or Airdrops

Rewarding Token Holders

Staking rewards are an effective way to encourage holding your token - by offering holders the option to earn rewards in the form of yield for staking, projects can incentivize long term holders and bring additional utility to their project.

Incentivizing Liquidity Providers

Liquidity is the heart of all things DeFi. Deep liquidity is attractive to investors, makes for a less volatile token price and generally strengthens trust in the project. Creating a pod for a liquidity pair of your token allows you to incentivize token holders to add liquidity and hold it long term, boosting all the previously mentioned positive metrics.

Distributing Protocol Yield or Airdrops

Your protocol is generating revenue that you want to share with your token holders? Pods are the perfect tool!

Create a pod for your project token, add the portion of revenue intended for sharing as rewards, et voila - you now have an effective and fair distribution mechanism without having to deploy a new contract module, expensive audit or other headaches!

Same for airdrops - say you’ve launched an NFT collection and now want to add a fungible token to the growing ecosystem. Airdropping all tokens immediately to NFT holders often causes major sell pressure and issues regarding eligibility etc. - by creating a pod for your NFT collection and adding the airdrop allocation as rewards, you can set the distribution time as long as you wish while also incentivizing keeping NFTs delisted from marketplaces like OpenSea!

How to create a pod in 4 simple steps:

1. Connect your wallet to app.pod.finance and select Base as your network

2. Click “Create a Pod” & paste the contract address of the underlying token you want to create a pod for.

   Any transferable token standard is supported - from ERC-20s to LP tokens to NFTs including the new ERC20i

3. Set the name, ticker and description for your new pod.

   The ticker refers to the receipt token issued for all deposits into your new pod - the receipt tokens can be locked to earn rewards or freely traded.

4. Set the pod’s owner either to a specific address or make it permissionless.

   Pods with a designated owner can only have rewards added to them by the owner, while anyone can add rewards to permissionless pods.

That’s all!

You can now create your pod with a simple approval in your wallet.

All that’s left to do is to add rewards and let your token holders know about this new exciting opportunity to earn!

Adding rewards is even simpler than creating a pod - just open your pod’s page and click “Create Reward” and paste the contract address of the token you want to pay out to depositors.

Select the amount and starting/end time during which rewards should be streamed. Confirm the transaction and that’s it - rewards will start streaming automatically at the selected start time.

We hope this introduction to pods was helpful - if you have any remaining questions or business inquiries please contact intern@pod.finance via email or reach out via DM on X.