I wrote about Waves last week, calling it a crypto for 2018. Like everything else today it’s getting slaughtered, but I’m not selling any of mine.
As I mentioned in the article you can lease your WAVES and generate income. With the recent release and the lite client it’s easier than ever. Today I’ll show you how.
By leasing your WAVES you’re helping the Waves blockchain. Your leased go to mining pools which process and secure the transactions. In return you get a share of the transaction fees in proportion to the amount you commit.
Obviously in order to lease some WAVES you’ll need to own some first. You can buy on Bittrex, Binance, Liqui, and Coss among others.
Next you’ll need a wallet. I’ve used the WavesLiteApp Google Chrome extension. It’s very user friendly.
You can see a picture of the wallet below.
To lease you’ll want to click on the middle icon that looks like an “L.”
Once there you’ll notice you need a leasing address. That’s the address of the mining pool. You can find a list here. I’ve leased with WavesGo so far with no problems.
So you fill in the address, the amount of WAVES you want to lease, leave the fee as is, and click Lease.
So far I’ve received lease income weekly each Thursday. We’ll have to give it some time to see if it works out to the promised 5%.
You can also cancel the lease contract at any time in case you need to use the funds for something else.
If you’re a WAVES hodler this is a no-brainer.
and trade cryptos on Binance