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crypto:what_is_waxp [2025/12/27 06:34] deathrequiemcrypto: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" to move them into your wallet.**+  * **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.
crypto/what_is_waxp.1766817272.txt.gz · Last modified: by deathrequiem