What does it mean to stake AXS?

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.

What is Axie Infinity AXS staking?

To celebrate the start of Axie Infinity ‘s AXS staking, Sky Mavis also gave AXS tokens to their founding players. For all users who started playing Axie Infinity before October 20, 2021, they will receive AXS tokens as a reward. The process of staking one’s tokens is easy. They simply have to head to AXS staking dashboard.

What does staking mean?

Staking 指的是在錢包中持有並且質押代幣，藉由這樣的方式來支持、協助維護區塊鏈網路 ，而參與 Staking 的人能夠獲得獎勵作為鎖定代幣的補償。 其本質在於加密貨幣其實是一種「計算功能」、當我們將手中的「演算力」回投至區塊鏈當中，自然就能夠令區塊鏈更有效，而我們從而獲得區塊鏈回饋的獎勵－－此過程即是俗稱的質押挖礦。

How do I use the AXS bridge?

Here is how to use the bridge. Go to the AXS Staking dashboard, use the “stake” button, then select the desired AXS amount – press “stake” again, and approve the transaction via your Ronin wallet that pops up. Your AXS are now staked.