Liquid Staked WAX is available on NeftyBlocks

NeftyBlocks
1 min readApr 24, 2024

The introduction of Liquid Staked WAX (LSW) on the WAX blockchain and its support on NeftyBlocks is a significant development for users. LSW allows users to earn interest on their WAX tokens while maintaining the ability to use them for various activities on NeftyBlocks, such as participating in drops, auctions, and blends.

This means that users don’t have to choose between earning staking rewards and engaging with the blockchain’s ecosystem; they can do both simultaneously. Essentially, Liquid Staking allows participants to stake their cryptocurrency assets to support network operations and security, and in return, they receive a liquid version of the staked tokens. These liquid tokens can be used just like the original tokens for transactions and trades, but they also represent the staked amount and accrue staking rewards.

This dual functionality increases the liquidity and utility of the staked tokens, making them a more flexible investment and operational tool on the blockchain. This can enhance user engagement and investment in the WAX ecosystem, potentially leading to increased overall activity and value within the network.

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NeftyBlocks

Making tools to simplify managing collections on the WAX Blockchain.