Stake PNG tokens to earn WAVAX (Wrapped AVAX)

Users can stake PNG tokens to earn WAVAX (Wrapped AVAX). This is part of the Avalanche Rush incentives program.

Deposits start: 16:00 UTC Wednesday September 8th, 2021

Rewards start: 04:00 UTC Thursday September 9th, 2021

Total incentives: $2M AVAX

Duration: 3 months

Depositing PNG Tokens

  1. Select "Stake"
  2. Find the Earn WAVAX card
  3. Select "Deposit"
  4. Select "Stake PNG Tokens"
  5. Enter the amount of PNG tokens you would like to stake
  6. Select "Approve" and sign the transaction
  7. Select "Deposit" and confirm the transaction

Claiming Rewards

After depositing your PNG tokens, you will accrue WAVAX tokens. You can claim your earned WAVAX tokens without having to remove your PNG tokens.

  1. Select "Stake"
  2. Select "Manage" on the Earn WAVAX card
  3. Select "Claim"
  4. Select "Claim" again and confirm the transaction through MetaMask

Congratulations! You have just received your WAVAX rewards

Convert WAVAX to AVAX

WAVAX is the wrapped version of AVAX. If you want to un-wrap your WAVAX to AVAX, you can do this on the swap page for a 1:1 conversion.

  1. Select "Swap"
  2. Select WAVAX as the first token and AVAX as the second token
  3. Approve and Swap

Congratulations! You have just received your WAVAX rewards

Unstaking PNG Tokens

  1. Select "Stake"
  2. Select "Manage" on the Earn WAVAX card
  3. Select "Unstake"
  4. Confirm the transaction in Metamask.

Congratulations! You have successfully unstaked your PNG tokens.