Tokens
WaxFusion has 2 native tokens - sWAX and lsWAX. Both of them are fully backed with actual WAX tokens, and started off with a supply of 0.
These tokens are minted on demand when new WAX tokens are deposited into the platform, and destroyed again upon redemption. Therefore, their supply is elastic, and limited to the amount of WAX in WaxFusion's smart contracts.
You can find more details about both tokens using the links in this section.
Quick Breakdown
Transferable
No
Yes
Autocompounds
No
Yes
Need To Claim Rewards
Yes
No
Earns Rewards Every Second
Yes
Yes
Can Be Used For Other DeFi Opportunuties
No
Yes
Need To Vote For Block Producers
No
No
Reward Method
You claim WAX whenever you want
Your lsWAX gets backed by more WAX (autocompounding)
Token Balance Changes When Rewards Are Earned
No
No
WAX Per Token
1 WAX = 1 sWAX always
Depends on how much WAX each 1 lsWAX is backed with. As lsWAX gets backed with more WAX, 1 lsWAX always goes up in value against 1 WAX
And to understand the benefits of WaxFusion, here's another table comparing lsWAX to staking WAX on your own.
Autocompounds
Yes
No
Need To Claim Rewards
No
Yes
Can Access Your Capital
Yes
No
Need To Vote For Validators
No
Yes
Efficient
Yes
No
Get Free Resources (CPU/NET)
No
Yes
Earn From CPU Rentals
Yes
No
Earn From Protocol Owned Liquidity
Yes
No
Earn While You Unstake
Yes
No
Helps Grow The Ecosystem
Yes
No
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