Wrapped AVAX (wAVAX) | Price Prediction | 200% APR
Wrapped AVAX (wAVAX) is a tokenized version of AVAX, created to enable its use across other blockchain networks. It operates on a 1:1 ratio, which means that one wAVAX token is equal to one AVAX token. It allows users to access the benefits of the AVAX network on other blockchain networks, making it easier to trade, lend, or borrow assets.
ReHold is a decentralized exchange platform that allows users to trade wAVAX for USD and other cryptocurrencies. The price of wAVAX on ReHold is determined by market demand and supply. The platform uses Chainlink to determine the price of wAVAX/USD, ensuring that the price is decentralized, and problems such as price manipulation, spikes, and slippages present in centralized exchanges are avoided.
How to earn passive income on wAVAX
If you're an investor looking for a way to earn passive income on wAVAX, there are several options available. One such option is to stake your wAVAX tokens on ReHold. By staking your tokens, you can earn a high annual percentage rate (APR) as a reward for participating in the network's ecosystem. ReHold offers wAVAX Duals, which have up to 200% APR.
Wrapped AVAX (wAVAX) Price Prediction
Predicting the future price of wAVAX can be challenging, but regular updates and news provided by platforms like ReHold can help make educated predictions. The value of wAVAX is primarily determined by market demand and supply. As the adoption and use of AVAX's protocols and chains increase, demand for the token may also increase, potentially leading to an increase in its value.
The value of wAVAX is tied to that of AVAX, which is the native currency of the Avalanche network. wAVAX has utility as a means of facilitating cross-chain transactions, and it can be used for various DeFi applications. Additionally, the wAVAX token can be staked to earn rewards and participate in the network's ecosystem.
200% APR on wAVAX Duals
ReHold offers a unique DeFi earning solution for wAVAX token holders. By using the innovative ReHold protocol at wAVAX Duals, investors can earn up to 200% APR on pairs such as wAVAX/USDT, and wAVAX/USDC. This is an excellent opportunity for investors looking to earn passive income on their wAVAX holdings while participating in the network's ecosystem.
How to Earn 200% APR on Wrapped AVAX (wAVAX)
If you're interested in earning passive income on Wrapped AVAX, ReHold offers a unique DeFi earning solution. You can earn a 200% APR on pairs such as wAVAX/USDT, and wAVAX/USDC, using the innovative ReHold protocol at Dual Investments. Follow these six easy steps to try it out:
- Connect your wallet Open the ReHold App and connect your web3 wallet. You can choose any web3 wallet that supports BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, and Fantom.
- Choose the Wrapped AVAX (wAVAX) Dual asset Select the dual that you need: wAVAX/USDT, wAVAX/USDC. You can start a dual investment with each token of the pair.
- Choose a staking period Select how many hours you want to lock your tokens. The longer the staking period, the higher the yield you will receive.
- Choose the start token Select the start token and the amount you want to invest. You can use the Wrapped AVAX (wAVAX) token or USDT, USDC of the dual asset.
- Approve the token To start a dual investment, you need to allow smart contracts to use your tokens. It's required only once for a selected token.
- Start your Dual Click on “Start Now” to create your Wrapped AVAX (wAVAX) dual and receive your reward after the staking period. That's all! Your Dual is created, and at the end of the staking period, you can take your assets back to your wallet or open a new Dual.
Also, if you are interested in long-term investing, you can activate the auto-replay feature, and your dual will automatically start when the staking period ends. This will save you gas, simplify the passive income process, and increase your earnings.
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