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Staking All My $WAXP Tokens - Compounding $WAX Rewards by gungunkrishu

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· @gungunkrishu ·
$14.19
Staking All My $WAXP Tokens - Compounding $WAX Rewards
Hey All,

![image.png](https://images.hive.blog/DQmctAMkeNvufdSKAkkfPjS5zRe3rkzMqgHD8CemFh9odyq/image.png)

The Worldwide Asset Exchange, is also known as [WAX](https://on.wax.io/wax-io/) 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](https://wallet.wax.io/staking-rewards) 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...

![image.png](https://images.hive.blog/DQmXC7VBKhegQYnxgfGfmCybfegcbCmrpSyEP3bWaTSWnSd/image.png)
[source::](https://www.stakingrewards.com/])

Here is a quick snippet to my $WAXP staking reward chart taken from $WAXP [Staking Rewards website](https://www.stakingrewards.com/]). 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.

![image.png](https://images.hive.blog/DQmdM4gFuTT7J1L2xSM7n7YrLxznaH5GStvXtucnCgzinTq/image.png)

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. 

![image.png](https://images.hive.blog/DQmbXD5eBKvwccXHzW23GuW9wuoZYFvyz7zap23d55ZFqLM/image.png)

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 

![image.png](https://images.hive.blog/DQmb9DBkx6nrkYi9xjZmWKJ6kxfsc1V2EzovyvJd2pfYb7R/image.png)

**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

![image.png](https://images.hive.blog/DQmcxzjQHSJsV4ibbnU5HKmvkDrLCoc3tmcS8at2eZjz3a4/image.png) 
[source::](https://twitter.com/WAX_io/status/1574443784816951298?s=20&t=6ZlSl38svLlsM2DHO_99aQ)

the 1-of-1 #WAXNFT from the popular vBot collection. The prices of these NFTs are like crazy on [Atomic Hub Market](https://wax.atomichub.io/market?collection_name=vbots&order=asc&sort=price&symbol=WAX). The lowest one that I could see is worth $35 approx.

![image.png](https://images.hive.blog/DQmbpnEdbTLLMH2ny3yGYEP3BSNoGyrrTvrE9cjkboTWg5F/image.png)

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

![image.png](https://images.hive.blog/DQmf8M7sc1D6qBdBhsPoCWTLWSr2yEc1xXeBteBJrkFyB5s/image.png)

Best Regards

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gungunkrishu/staking-all-my-usdwaxp-tokens-compounding-usdwax-rewards)
đź‘Ť  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 103 others
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vote details (167)
@behiver ·
RE: Staking All My $WAXP Tokens - Compounding $WAX Rewards
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 <sup>Beta</sup>](https://leofinance.io/@behiver/re-gungunkrishu-6mjhhz)
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@gungunkrishu ·
RE: RE: Staking All My $WAXP Tokens - Compounding $WAX Rewards
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::

![image.png](https://images.hive.blog/DQmVVmhEPaHyzQyJWLz9tocMzT7NRLvrHH1ZRXyeuKqcPZS/image.png)

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

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gungunkrishu/re-behiver-6ujtwy)
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@campingclub ·
!LOLZ
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@lolzbot ·
<div class='pull-right'><center><img src="https://lolztoken.com/lolz.png"><br><a href="https://lolztoken.com">lolztoken.com</a></p><br><br><br><br></center></div><p><center><strong>Throwing acid is wrong<br>in some people’s eyes.</strong><br><sub>Credit: <a href="https://peakd.com/@marshmellowman">marshmellowman</a></sub><br>@gungunkrishu, I sent you an <a href="https://lolztoken.com">$LOLZ</a> on behalf of @campingclub<br><br>Use the <strong>!LOL</strong> or <strong>!LOLZ</strong> command to share a joke and an <strong>$LOLZ</strong><br>(1/1)</center></p>
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@cryptosnowball ·
It is great when you see a good amount of free tokens you can use to purchase NFTs.
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@gungunkrishu ·
RE: RE: Staking All My $WAXP Tokens - Compounding $WAX Rewards
yes, its always good to see your investment grow and open up many possibilities for you. cheers

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gungunkrishu/re-cryptosnowball-2z5xwt)
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@india-leo ·
Indiaunited Curation 1664301879345
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<sub>**Please contribute to the community by upvoting this comment and posts made by @indiaunited.**</sub>
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