Waves staking allows the Waves holders to stake their Waves tokens to the staking pool to receive Waves as a reward. Also, making the network more reliable and secure. By staking Waves, you "rent" your Waves to a staking pool that uses them for mining (and nothing else). You don't lose control over your Waves: you can cancel staking at any time.
How Waves staking works:
The rate of earnings is not regulated by a third party and is higher than any bank currently provides.
You can make sure that your payment has occurred or cancel your stake if there's something you're not comfortable with. You will never lose the earnings you have already accrued.
You don't have to retain your funds under someone's management. Your funds remain solely under your control (WAVES never leave your wallet). Each transaction is transparent and public (your personal data is safe).
Your staking balance and payouts are completely anonymous.
Types of WAVES Staking Pools
There are two types of WAVES Staking Pools: The Verified Pools and unknown pools.
The Verified Pools List is aiming to simplify pool research for our users. WX Network does not guarantee or affect the pool operation in any way. Any staking pool can apply to the Verified List.
Unknown pools are all other WAVES Staking pools that haven't applied to the Verified List. These pools are not displayed in the application, but if you stake your WAVES to them, you'll see the transaction in your Active staking list.
You can check out the full list of WAVES Staking pools here.
The staking reward depends on the conditions of the selected pool.
How to stake Waves
Open WX Network app and sign in to your account. Then click on the Staking button and choose WAVES Staking tab:
In the next step, click on the Stake button.
To stake your Waves you need to fill in the staking form: choose staking pool and specify Waves amount you want to stake. After that, click on the Stake WAVES button.
If you stake your waves successfully, your staking will appear in the My Stakings section.
How to cancel Waves staking
Open WX Network app and sign in to your account to unstake your Waves. Then click on the Staking button and choose WAVES Staking tab:
In the next step, navigate to the My Stakings section and click on the staking pool from which you want to unstake your Waves. After that, choose the staking you want to cancel.
Finally, click on the Cancel All Stakings to unstake Waves.
If you have any questions related to WX Network, feel free to contact us via customer support
tags*: waves stake staking passive income earn reward