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--- crypto:what_is_waxp [2025/12/26 22:28] – created deathrequiem
+++ crypto:what_is_waxp [2025/12/27 06:40] (current) – deathrequiem
@@ Line 18: / Line 18: @@
     * **Governance**: By staking WAXP, you earn the right to vote for "Guilds" (the entities that run the network) and other proposals.
     * **Rewards**: Users who stake their tokens and participate in voting earn more WAXP as a reward.
+  * **##Resource Management (CPU/NET/RAM)##**
+On the WAX blockchain, transactions are "free" (no gas fees), but they require system resources. If your transaction fails with an "Account lacks sufficient resources" error:
+    * **Stake WAX**: Stake a small amount of WAXP into CPU or NET. This acts as a deposit that gives you the "power" to execute transactions. You can unstake this later if you no longer need it.
+  * **##Staking WAXP##**
+Staking WAXP is unique because it serves a dual purpose: it provides you with the resources (CPU/NET) needed to use the blockchain for free, and it allows you to earn passive rewards by participating in network governance.
+Here is the step-by-step guide to staking for rewards
+    * **The Easy Method: My Cloud Wallet**
+This is the most user-friendly way for most people.
+  * **Log in**: Go to mycloudwallet.com.
+  * **Stake for Resources**: On the left dashboard, click "Staking Rewards.".
+{{ :crypto:stake-wax.png?nolink&1200 |}}
+  * Click the "STAKE WAXP" button. Enter the amount of WAXP you want to stake.
+      * **Tip**: Most users stake the majority of their WAXP to CPU and a small amount to NET (a 10:1 ratio is common).
+{{ :crypto:stake-wax2.png?nolink&400 |}}
+  * **Claiming**: Once staked, you will see your rewards accumulate. You must manually click "Claim Earnings" to move them into your wallet.
+    * **The "Max Rewards" Method: Voting**
+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).
+  * **Vote for Guilds**: In the "Staking Rewards" or "Vote" section of your wallet, select at least 16 Guilds to vote for.
+  * **Vote Weekly**: Your "Vote Strength" (and thus your rewards) decays over time. To keep earning the maximum amount, you should refresh your vote once a week.
+  * **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%.
+    * **Liquid Staking (WAXFusion)**
+If you don't want your tokens locked up for the standard 72-hour unstaking period, you can use WAXFusion.
+  * You swap your WAXP for **lsWAXP** (Liquid Staked WAXP).
+  * Your tokens earn rewards automatically, and the value of lsWAXP grows relative to WAXP.
+  * The benefit is that you can sell or trade lsWAXP on a DEX (like Alcor) instantly without waiting 3 days to unstake.
+    * **Important Details to Remember**
+  * **Unstaking Period**: If you stake natively, there is a 72-hour waiting period after you click "Unstake" before your tokens are liquid again.
+  * **Resource Usage**: Staking isn't "spending." You still own the tokens; they are just "working" to power your account's transactions while they are locked.
+  * **Auto-Compounding**: Most native staking rewards are **not** automatically restaked. You usually need to claim and then stake the new tokens to compound your earnings.