Intro (What Is WaxFusion)
Last updated
Last updated
With WaxFusion, users can earn staking rewards on their WAX while still having access to their liquid capital.
Normally when you hold WAX tokens, you have 2 choices:
Stake them and vote for block producers to earn ~8% APR, which comes with a 3 day unlock period before you can get your WAX back
Keep your tokens unstaked so you can use them for other opportunities, at the sacrifice of your staking rewards
With WaxFusion, you can do both at the same time. By depositing your WAX into our open-source contracts, we handle all the staking (and voting) for you. That's right - most people don't realize that you have to actively vote for block producers on a weekly basis in order to earn the maximum APR on WAX.
WaxFusion takes all that hassle away from you and acts as an open source proxy that votes for the top 21 block producers on a daily basis.
When you make your deposit, you will receive a liquid token that allows you to engage in other opportunities and still earn staking/voting rewards so you can get the best of both worlds.
Furthermore, WaxFusion uses funds to generate additional rewards for you via CPU rental fees, instant redemption fees, liquidity provision fees, protocol owned liquidity, and more.
More details on these fee generation mechanisms can be found throughout this documentation.