Staking and Governance

WAXP is not only used for app activity and asset transfers. It is also part of how users participate in the broader network.

Why Staking Matters

Users may stake WAXP to take a more active role in the network and related reward or participation flows available through WAX interfaces and services.

For many users, staking is a longer-term participation model than simply using PowerUp for day-to-day transactions.

Governance on WAX

WAX uses delegated proof of stake. In practice, that means token holders can participate in governance processes that influence network operations and validator selection.

For everyday users, the most important takeaway is simple:

• holding and staking WAXP can be part of participating in network governance
• governance is distinct from just signing transactions or using apps

PowerUp vs Staking

Think of them this way:

• PowerUp: immediate access to execution resources for account activity
• Staking: longer-term participation and resource/governance strategy

Depending on your wallet and interface, the exact screens and workflows vary, but the concepts stay separate.

Before You Stake

• understand your wallet and recovery setup
• understand how you will monitor your account afterwards
• use reputable interfaces and verify you are signing the action you intended

Read next:

• What is the WAXP token?
• Permissions