Today we are going to talk about WAX and how to earn passive income with it. I feel like not a lot of people know about staking WAX to earn passive income. At this rate we all know that on the WAX blockchain you need to stake WAX to increase your RAM, CPU and NET, article about that here. But passive income is just 1 more step after that!!

1) How and Why to Stake
2) How much to stake
3) Who to vote for
4) Claiming Rewards

1) How and Why to Stake?

You will need to login to your WAX Cloud Wallet. https://wallet.wax.io/staking-rewards 

On the left hand side you will need to click on 'Staking Rewards' if that link above doesn't direct you there already. And you should see something like this.

You can see that I have 39.21377145 WAX staked at the moment. Under that amount you will see "Stake More Tokens". Click on it to see a breakdown.

I have 40 WAX staked to CPU and 16 WAX staked to NET. Of that 56 WAX staked 17 was staked by others so I am currently staking 39 WAX of my own to resources. Some people may be aware of this part and then stopped. But all the WAX that you stake for those resources can earn you passive income as well.

I don't really need to stake any more resources for every day use but I want to earn a little more passive WAX so I am going to stake some more in this guide.

2) How much to stake?

This is the million dollar question. I can't tell you how much to stake or how much not to stake because it will all depend on how much you have and how much you want to lock up to earn rewards on. I have plenty of extra WAX I don't plan on using anytime soon but for the sake of this guide I am going to stake another 20 WAX because it's what I just decided to do haha.

On that last screen where it has a breakdown of your 3 resources focus on the bottom section. I am going to leave mine as CPU but you can change it to whatever you want. I am going to type in 20 in the field and click on 'Stake'

You will get the popup like always and you need to complete it.

Then if successful you will see the Transaction Success popup.

You will probably have to refresh the page but then you will see your new staked balance.

Step 3) Who to vote for

How you chose is going to have to be up to you. I personally just choose to vote for Bloks.io because I use their website and they have never done me dirty. There are a ton of options to pick from so If you truly care then do your research and pick accordingly.

For me I selected Bloks.io and then clicked on Vote.

That casts your vote, all your staked WAX is now backing Bloks.io. 

Step 4) Claiming Rewards

This is the fun part! I was an idiot and claimed mine before writing this article so now I have to wait 24 hours until I can claim again. But it's a super simple process. 

Once you have WAX that is staked AND voted for you can claim your passive rewards. All you have to do is click this button. If you don't vote for a proxy then you won't get passive income!

Then you will get your rewards automatically into your WAX wallet. It's that simple guys.