WaxFusion Staked WAX

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WaxFusion is an open-source liquid staking protocol on the WAX Blockchain. Users deposit WAX to receive LSWAX tokens, which can be used for staking and CPU rentals. Most staking rewards are shared with LSWAX holders, while some are funneled into LP farms to incentivize liquidity.

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FAQ

What is WaxFusion Staked WAX?

WaxFusion Staked WAX is a liquid staking protocol on the WAX Blockchain. It allows users to stake their WAX tokens and receive LSWAX tokens in return. These LSWAX tokens represent the staked WAX and can be used within the WAX ecosystem. The protocol helps to optimize reward distribution and increase liquidity within the platform by participating in CPU rentals and allocating rewards to Liquidity Provider farms.

How does WaxFusion Staked WAX benefit users?

WaxFusion Staked WAX benefits users by allowing them to stake their WAX tokens and earn rewards in the form of LSWAX tokens. This liquid staking mechanism ensures users continue to earn while having the flexibility to utilize their LSWAX tokens within the WAX ecosystem. Additionally, by participating in reward distribution and liquidity pools, users can earn more rewards and contribute to the overall liquidity and efficiency of the WAX platform.

What are LSWAX tokens and their purpose?

LSWAX tokens are liquid staked tokens that users receive when they stake their WAX through the WaxFusion protocol. These tokens represent the user's staked WAX and enable them to retain liquidity while earning staking rewards. They can be used in various applications within the WAX ecosystem, allowing users to maximize their investment without compromising liquidity.

How does WaxFusion Staked WAX compare to other staking protocols?

WaxFusion Staked WAX differentiates itself from other staking protocols through its focus on liquidity and reward optimization on the WAX Blockchain. By issuing liquid staked tokens (LSWAX) and incentivizing liquidity through weekly allocation to LP farms, WaxFusion ensures high liquidity and efficient use of resources. Additionally, its open-source, transparent nature aligns well with blockchain principles, setting it apart from more centralized staking services.

What role do CPU rentals play in WaxFusion Staked WAX?

CPU rentals are a significant component of WaxFusion Staked WAX's operational model. When a user stakes WAX within the protocol, the deposited funds are partly used for CPU rentals on the WAX Blockchain. These rentals contribute to generating additional rewards, which are then distributed among LSWAX token holders, contributing to the overall earning potential of the users.

What should I do if I'm not receiving my earned WAX?

If you're not receiving your earned WAX from the WaxFusion Staked WAX protocol, first ensure that you have correctly staked your WAX tokens and received the corresponding LSWAX tokens. Check the transaction details and blockchain confirmations. If issues persist, consult the WaxFusion community forums or their official support channels to report your problem and seek assistance, ensuring you provide all necessary transaction information for a quick resolution.

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