Therefore, you are gonna be staking AXS, i.e, locking your funds for a period of time and when that date arrives, you have received a percentage of AXS as profit.(Yes, AXS is the rewards in our case)Īn easy way to understand APR is to think of it as a calculation of your profits for (1) the number of tokens you stake, (2) the total amount of users staking, and (3) the period you are staking for. Understanding the second reason to stake requires an understanding of a term called Proof-Of-Stake(I'll be explaining next) which is integrated into many blockchains today (Solana, Cardona, Avalanche, etc) There are several reasons for staking tokens, the most popular being to provide liquidity for a certain token and to solidify blockchain transactions. Staking is a Crypto term that is used to mean, committing your tokens or coins in a decentralized exchange (DEX) in order to provide liquidity, verify blockchain transactions, AND be rewarded for doing so.
With that in mind, let's begin.īefore giving you the staking process, I had like to explain the following terms, so you can have a complete grasp of what you are doing, the possible risk involved, the profits APR, etc, regardless of your expertise in the blockchain gaming space. This is supposed to be a complete guide for those who play Axie infinity and are conversant with its terms but also for those complete beginners with no previous knowledge about staking or Axie Tokens, Why? Because it only takes a few easy steps AND everyone can gain rewards from the thriving community of Axie Infinity. This post would guide you through the process involved, possible risks, and APR or profits that are to be expected.įor this guide, I'm gonna be using the AXS - Axie Infinity governance token as an example, it is also the main token used for breeding Axies along with SLP. With the launch of the Axie Ronin Sidechain, you can now stake your tokens with the utmost ease. Staking has never been easier in the Axie Infinity Ecosystem.
AXIE INFINITY STAKING HOW TO
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