What Are Staking Rewards?
Staking is a way for us to reward our community members for having a long term mindset and locking up their AXS tokens. In the future, staking AXS will give you voting rights and a say over the use of the Community Treasury which now holds over a billion dollars in tokens.
In short, for locking up your AXS we will reward you with AXS that you can claim once every 24 hours.
Restaking vs Claiming Rewards
If you restake your rewards it will add your rewards earned to your total staked AXS. This will recalculate your reward amount based on the new total. Claiming every day is the most optimal to take advantage of compounding interest.
Claiming your rewards will send the rewards to your Ronin wallet. The AXS can then be used to breed Axies or sell at a trusted marketplace.
- To restake your rewards connect your Ronin wallet to the Staking Dashboard. To connect your wallet, first make sure your Ronin wallet is unlocked and the correct address is selected. Then click the "Connect to Ronin Wallet" button in the top right.
- Next, click the "Restake" button in the "CLAIMABLE REWARDS" section
- A pop up will display the amount of rewards you are about to claim. Confirm the amount is correct and click "Restake AXS now"
- Ronin will pop up and ask you to confirm the transaction, once confirmed your rewards will be added to your "TOTOAL STAKED" and future rewards will be based off the new amount.
To claim your rewards follow the same steps outlined in the Restake Rewards section above, but instead of clicking Restake click the "Claim" button. The rest of the steps are identical, once the transaction is confirmed the AXS will be sent to your Ronin wallet.