The WAX blockchain requires users to stake WAX tokens in order to carry out transactions, but did you know that once you have staked WAX tokens, you can easily use them to vote for WAX block producers and earn a bit of passive cryptocurrency income? In this post, I will describe how to stake/vote on WAX as well as how to claim you rewards and some things to be aware of.
Timestamps
00:00 Introduction
00:30 Staking vs Voting
02:55 Voting Process
07:30 Estimated APY
09:00 Claiming Rewards
11:30 Conclusion
Thanks for sharing this video, I’ve been passing on the urge to get into wax for a while now. This is a nice explainer
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Thanks for the support! I had been wanting to figure out to vote with my WAX for a while and figured other people might have similar questions.