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The first step in Pro Mode pool creation is selecting the type of collateral and defining the basic pool parameters.
Users decide whether they want to use NFTs or tokens as collateral with switch.
Vaults and Pools:
There can be multiple pools connected to one vault.
When the user clicks on "Create Pool," if they have already created vault(s), the default vault (one was selected from Manage Pools) will be selected automatically for the new pool.
Switching Vaults:
The user can choose to proceed with the default selected vault or click on the "Switch to a different vault" button.
If they click on this, they can either:
Choose an existing different vault, or
Create a new vault to be linked to the new pool.
The new vault will be created with the pool and the poll will be "plugged" to the vault.
Define the loan duration for lending agreements.
Set the Annual Percentage Yield (APY) for the pool.
After completing these selections, users proceed to the Next step of pool creation.