Wax is a blockchain focused on NFTs with some of the most popular games like Alien Worlds. But very interesting new possibilities are beginning to be created in the DEFI field. There are a couple of markets that work very well although the volume is small, something like what happens to Hive.
But first of all, for those who don't know Wax, a short description of the AI:
WAX (Worldwide Asset eXchange) is a blockchain platform specialized in the tokenization of virtual assets and digital goods, such as game skins and collectibles. It uses Delegated Proof-of-Stake (DPoS) technology to offer fast and efficient transactions, with low costs. WAX enables the creation of decentralized marketplaces where users can securely buy, sell, and exchange digital assets. In addition, it offers tools and protocols to facilitate the development of decentralized applications (dApps) focused on the virtual asset economy. With a focus on usability, WAX drives the digital economy by providing a transparent and efficient environment for owning and trading digital assets.
The costs in Wax are very low and if you stake Wax they can be almost non-existent. But this is not an article to learn how to use Wax, if someone requests it I will do it.
The good thing about staking Wax is that you earn 8%, which is also a percentage higher than its inflation. That means there is net profit.
There are two nascent DEFI markets Alcor and Taco that are doing very well.
The largest is Alcor which has many pools. If you do not know the currencies that make them up, do not invest no matter how high the profitability is, you can surely lose.
I especially like the WAX/USDT pair but also other pairs with USDT associated. It has a very interesting mobile system that gives you two returns, one for providing liquidity and the other for incentives. The incentive is similar to any other chain but with the particularity that you can charge for free without any associated cost. And the liquidity aspect is also very interesting since you collect the fees without altering your deposit and for free. This is interesting because you can place $100 on a pair and see how much you earn in fees regardless of how your deposit behaves, which can vary from $110 to $90. By the way, this also shows you in detail.
Taco works in a more classic way with a pure pool and its profitability comes mainly from incentives. It has less liquid pools and carries more risks but also has higher returns.
Another interesting Taco option is that it allows you to stake your Taco token and earn different currencies including WAX or USDT.
If you like draws and you like to receive dividends, the token that has everything "SORT" has arrived.
Perpetual lottery ticket that distributes dividends 1 Ticket for every 10 Sort Tokens Gives the right to participate in multiple raffles without the need to sign up.
You can purchase your Sort tokens here:
https://hive-engine.com/trade/SORT
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