# sWAX When users stake WAX into the protocol, they will receive sWAX by default. sWAX is a non-transferable token that is held in the dapp.fusion smart contract, and issued at a 1:1 ratio based on the amount of WAX staked by the user. Holding sWAX allows users to earn staking rewards from the protocol, via a claimable WAX balance. Rewards accrue every second, and will remain available for claiming regardless of how long you wait. When claiming sWAX staking rewards, there are 3 options. * Claim native WAX tokens * Compound your sWAX by claiming more sWAX * Claim lsWAX, which is issued based on the current ratio of WAX:lsWAX sWAX rewards do not autocompound. If users ever want to convert their sWAX back into native WAX tokens, they have 3 options: * Liquify their tokens instantly and sell on the open market (amount of WAX received is subject to market conditions) * Instant redemption through WaxFusion (has a 0.05% fee and is subject to availability based on how much WAX is in the instant redemption pool) * Submit a withdrawal request through WaxFusion, which is free and can take anywhere from 1-21 days. sWAX withdrawals done directly through WaxFusion will be converted at a 1:1 ratio. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.waxfusion.io/tokens/swax.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.