Axie Infinity is one of the most popular blockchain games allowing you to breed your own Axies.
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- What is AXS staking?
Staking is a way to reward community members for having a long term mindset and locking up their AXS tokens. By staking your AXS you’ll be able to earn AXS rewards when you lock up your tokens through the staking dashboard. 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.
- How do I stake AXS?
Before staking AXS, you have to bridge the tokens from Ethereum to the Ronin Sidechain, which is utilised by Axie Infinity.
You can then stake AXS on their official dashboard with a single transaction being made.
Keep checking StakingRewards for up to date news on all things staking related.
- How much can I make staking AXS?
We cannot yet give an estimate, however, we know that 29% of the total AXS supply (78,300,000 AXS) will be given to stakers over the course of 65 months.
These rewards will be proportionally distributed between all stakers.
- What do I have to do after staking AXS?
After setting up your staking for AXS, please make sure to come back regularly to claim/restake rewards for the compounding effect.
How often you should restake depends on the total amount you are staking.
- What is next for AXS staking?
In the future, Axie may upgrade their staking system to give better rewards to those that have measurably added value to the Axie ecosystem prior to claiming. There is still much research and experimentation to be done in this aspect of governance.
The stakers who are not players or interested in participating in governance could be able to delegate their required “work” to other parties.
This might lead to a future where guilds or corporations with massive amounts of AXS will need to look for talented players who can ensure a high enough Axie score to collect weekly yield.