# For Collection Admins

### 🌞 Setting Up Rewards for Collection Owners

To set up NFT staking rewards for your collection, follow these steps:

* Step 1: **Register as a User:** Call `regnewuser` to register yourself on the contract if not already registered.
* Step 2: **Register Your Collection**: Use `setnftcolrew` to register your collection with its reward parameters and time unit settings.
* Step 3: **Add Eligible NFT Templates**: Call `addtemplates` to define which templates in your collection can be staked for rewards.
* Step 4: **Fund the Contract**: Transfer the designated reward tokens to the contract with a `memo` stating your collection name, establishing a `bank` for rewards.
* Step 5: **Optional - Manage Templates**: Adjust eligible templates or remove them as needed with `addtemplates` or `rmtemplates`. Read below for important info.
* Step 6: **Communicate with Your Community**: Inform your community about the staking process, rewards, and any changes to ensure transparency and engagement.


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