The Exciting World of DeFi on the WAX Blockchain
Decentralized finance, or DeFi for short, has been creating a lot of buzz in the cryptocurrency world lately. DeFi is a new financial system built on top of blockchain technology that enables the creation of decentralized financial applications. These applications operate on open protocols, making them accessible to anyone with an internet connection.
One of the key reasons for DeFi’s growing popularity is its ability to put the power of finance back into the hands of the individual. Traditional finance is often controlled by centralized institutions, but DeFi changes all that, giving people the freedom to manage their own financial lives.
Get Involved
There are many ways to get involved with DeFi on the WAX Blockchain. One such way is by staking your WAX Tokens for CPU/NET. This process involves staking WAXP to your account resources and then voting for Guilds (block producers) or a proxy. In return for this, stakers receive rewards in the form of WAXP. Doing this on a weekly basis maximizes your rewards.
Staking your WAXP (Native) is a great way to increase your WAXP holdings and be a part of the exciting world of DeFi. To get started, simply stake your WAXP here and vote for at least 16 block producers or a proxy here.
NFTs and the WAX Blockchain
Another way to earn rewards on the WAX Blockchain is by participating in the NFT (non-fungible token) market. NFTs are unique digital assets that are verified on the blockchain, making them a secure and verifiable way to own and trade digital collectibles.
Our platform waxdefi.io enables users to stake their WAXE (ERC20) Tokens and collect rewards from NFT sales on secondary markets. By staking their WAXE and supporting the growth of the NFT market, users can collect a portion of the transaction fees in WAXP tokens generated by NFT sales on secondary marketplaces like vIRL.com, AtomicHub.io, Neftyblock.com, NFTHive.io and many others.
If you’re interested in DeFi on the WAX Blockchain, now is the perfect time to get involved. Whether you choose to stake your WAXP Tokens in CPU/NET resources to collect voting rewards or support the growth of the WAX Blockchain by locking up your WAXE for a portion of marketplace transactions, there are plenty of opportunities to grow your WAXP holdings and be a part of this exciting world!
Join the WAX Community:
