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

sWAX
lsWAX

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.

lsWAX
Staking WAX Yourself

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

Last updated