crypto:what_is_waxp
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| crypto:what_is_waxp [2025/12/27 06:34] – deathrequiem | crypto:what_is_waxp [2025/12/27 06:40] (current) – deathrequiem | ||
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| - | * **Claiming: Once staked, you will see your rewards accumulate. You must manually click "Claim Earnings" | + | * **Claiming**: Once staked, you will see your rewards accumulate. You must manually click "Claim Earnings" |
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| + | Simply staking your tokens isn't enough to get the full reward; you are also expected to vote for Guilds (the entities that run the network). | ||
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| + | * **Vote for Guilds**: In the " | ||
| + | * **Vote Weekly**: Your "Vote Strength" | ||
| + | * **Use a Proxy**: If you don't want to pick guilds yourself, you can choose a Proxy. This is a trusted user or entity that votes for you. This is a "set it and forget it" way to keep your vote strength at 100%. | ||
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| + | * **Liquid Staking (WAXFusion)** | ||
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| + | If you don't want your tokens locked up for the standard 72-hour unstaking period, you can use WAXFusion. | ||
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| + | * You swap your WAXP for **lsWAXP** (Liquid Staked WAXP). | ||
| + | * Your tokens earn rewards automatically, | ||
| + | * The benefit is that you can sell or trade lsWAXP on a DEX (like Alcor) instantly without waiting 3 days to unstake. | ||
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| + | * **Important Details to Remember** | ||
| + | * **Unstaking Period**: If you stake natively, there is a 72-hour waiting period after you click " | ||
| + | * **Resource Usage**: Staking isn't " | ||
| + | * **Auto-Compounding**: | ||
crypto/what_is_waxp.1766817272.txt.gz · Last modified: by deathrequiem
