WX Network offers a wide range of investment products. Among them stands out, of course, Staking of various cryptocurrencies. Waves, XTN and DeFo staking attract users with their no risks investment process, while LP staking is preferable for its high income. The launch of WX token (a core WX Network ecosystem token) made it possible to run a new original type of staking - Staking of WX tokens. Staking WX tokens provides users with the opportunity not only to increase their income but also to participate in the governance of WX Network.
When you're staking WX, you “receive” gWXs. Use that gWX, voting for a pool in the WX Emission Distribution to increase/boost your income from the liquidity pool investment. The more gWX you use in the WX Emission Distribution voting, the more boost you get. You can read more about boosting and liquidity pools in the Liquidity Pools article.
Your vote strength when voting for the verification of tokens, liquidity pools etc. depends on the number of gWX you have at the moment of voting. The voting procedure is described in more detail in these articles.
How to stake WX
Open the WX Network app, log in to your account, hover over the Governance item, and click on the Get gWX button.
In the window that appears, select the WX blocking period (from 2 weeks till 4 years), specify the amount of WX you want to stake (at least 1 WX) and click the Get gWX button.
Until December 13, 2022, WX stakers received an additional reward, which consisted of trading fees. If you stake your WX until December 13, 2022, some of that reward remains unclaimed. To check it, open the WX Network app, log in to your account, hover over the Governance item, and click on the Get gWX button. If you have WX for WX staking that you did not claim, click on the Claim button.
If you have any questions related to WX Network, feel free to contact us
*tags: wx gwx staking boosting pools income claim