Staking All My $WAXP Tokens - Compounding $WAX Rewards

Hey All,

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The Worldwide Asset Exchange, is also known as WAX and has emerged as a popular blockchain for non-fungible tokens (NFTs). Its been a while that I didn't touch my $WAXP rewards. Today, all of a sudden I decided to glance over to my WAX Wallet and check on the $WAXP reward status. And I had like 42+ $WAX tokens ready to be claimed. At current price of $WAXP which is $0.087+ this amount to $3.65+ as rewards for staking 10.5K+ $WAXP tokens.

Staking Rewards Summary Chart...

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Here is a quick snippet to my $WAXP staking reward chart taken from $WAXP Staking Rewards website. Based on the above graph my total invest which $900+ [10253 $WAXP] approx. in $WAXP staked with an APR of 4.54% is going to Yield me close to $41 monthly considering the $WAXP reward tokens are restaked/compounded.

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This is not the first time that I have invested in $WAXP tokens. I guess its been a Year now that I invested in $WAXP tokens and since then had been staking all the rewards. The plan is to continue to build my stake here and keep accumulating $WAXP tokens as much as I can.

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So here we go staked all the $WAXP rewards and I still have 345+ liquid $WAXP that I plan to keep liquid for now. Time to time, I use these liquid $WAXP to buy cheap NFTs here on the WAX Blockchain. Earlier, I did buy out most of the

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WAX PINS NFTs. I still HODL 44 more of these PINS. Who know the exact future of these NFTs but no way I am not going to sell them and if opportunity strike buy more NFTs. Right now I am targeting to by

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the 1-of-1 #WAXNFT from the popular vBot collection. The prices of these NFTs are like crazy on Atomic Hub Market. The lowest one that I could see is worth $35 approx.

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I am not buy that high and will wait for the prices to cool down. But for sure, will buy some of these vbot #NFTs collection. No extra cash would be pumped in here. But, rather I plan to leverage my $WAXP staking rewards. I could even go sell some of my early collection of #WAXNFT and use that money to buy in the new collection of NFTs from vbot collections.

#waxp #wax #nfts #staking #rewards #nftcollection

Image Courtesy:: wallet.wax.io, atomic hub, twitter

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Best Regards

Posted Using LeoFinance Beta



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7 comments
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It is great when you see a good amount of free tokens you can use to purchase NFTs.

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I find the staking WAXP tokens pretty confusing. First on which resource do you need to stake, second do you need to Vote in order to earn that APR% or how does it work? It is too bad they don't have a clear staking and even DeFi paired with a stablecoin on a cheap fees blockchain.

Posted Using LeoFinance Beta

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Yes its confusing at the starting but you get accustomed to it. Better to stake in equal proportion to CPU & NET. Here is my percentages::

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You need to vote once and then the staking rewards start showing up. Cheers

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