What is AXS staking?

The Axie Infinity team announced the reduction of their monthly staking rewards from 2,000,000 AXS tokens to 1,560,000 .6 Oca 2022

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.

If this is your first time staking AXS, you will first have to connect your Ronin Wallet . To do this, click “Connect to Ronin Wallet.” To stake AXS, simply click “STAKE.” This will open a Ronin pop-up where you can write down how many tokens you’d like to stake.

AXS staking acts as an incentive for holding AXS and supporting the ecosystem . Stakers receive freshly issued AXS and will be able to signal their support for various proposals to improve Axie Infinity. AXS stakers will eventually direct usage of The Community Treasury.