If you’re a fan of gaming, chances are you’ve heard of Axie Infinity before, and its native token, AXS.
It is the native token for one of the oldest and the best gaming metaverses in the blockchain gaming industry. Holders can use it to buy in-game items as well as vote for the development of the metaverse.
Some people even buy and hold the token to profit when the price goes up, and many people have earned from this. However, one of the best ways to maximize your investment in AXS is to stake the token.
This can be done on different platforms depending on several factors, including the rewards offered, security and reliability, ease of use, etc. In this guide, we have selected five of the best platforms you can use to stake your AXs tokens securely and start earning rewards.
Ronin Wallet
Ronin wallet is the official sidechain wallet for the Axie Infinity game, therefore it is an ideal place to stake your AXS. The wallet is a browser extension wallet you can install on your Chrome, Firefox, or Edge wallet.
The wallet is also user-friendly, allowing anyone to use it easily regardless of their experience with crypto. You can also install it on your Android or iOS device and start staking to earn more AXS rewards.
You’ll earn competitive staking rewards and enjoy maximum security when using this wallet.
Binance
Binance is a leading crypto exchange but there is more to it — it is a reputable crypto staking platform. You can stake 100 selected crypto assets on this platform, including AS and earn massive rewards.
AXS seamlessly integrates with Binance’s platform, which is why it is one of the best and easiest places to stake the token. Users can also choose to trade their staked AXS whenever they want to on Binance.
The platform makes staking flexible, with varying options to suit every user. You can choose to stake with a lock up period or stake without such lock up period which allows you to unstake the tokens whenever you want.
Yield Guild Games (YGG)
Yield Guild Games is a decentralized gaming guild that allows players to earn income by investing in and playing blockchain-based games. The platform also allows users to stake AS and earn rewards through a special partnership with Axie Infinity.
This is facilitated through YGG’s staking pool. Those who wish to stake AXS can simply join the staking pool and stake their tokens to start earning rewards. YGG has a vibrant community that supports stakers, and also offers other incentives and work towards maximizing returns.
You’ll earn impressive returns on your staked AXS here and many other benefits you stand to gain in the process.
Sushiswap
You may not know this, but decentralized exchanges also provide a reliable place for staking AXS. One of such platforms is Sushiswap, which is a top decentralized crypto exchange with many years of credibility.
By providing liquidity to the platform’s AXS/ETH pair, users will earn LP (liquidity provider) tokens and stake them to earn part of the trading fees the platform charges. This is an excellent way to earn some passive income.
This allows you to earn passive income while actively participating in the decentralized finance ecosystem. Also since it is a decentralized exchange, you retain full control of the entire process.
Balancer
Balancer is an automated Automated Market Maker (AMM) protocol and decentralized exchange (DEx) based on Ethereum. The protocol serves as a “self-balancing” portfolio management tool that allows users to create and manage liquidity pools with multiple tokens.
It also serves as a reliable place for staking AXS where users can participate in AXS liquidity pools on Balancer earn trading fees as well as other token rewards. This makes Balancer an attractive platform for stakers seeking to earn from staking AXS tokens and managing their portfolios.
