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