You may need to approve the app the first time. Simply connect your Ronin wallet, select stake AXS, and confirm the transaction. Once you have your AXS, head over to the staking dashboard and check out that juicy APY. You can also buy AXS directly on Ronin from Ramp. If you already have AXS, or other assets you want to bridge to Ronin to swap for AXS, use the Ronin bridge. Alternatively you can simply bridge USDC or wETH and swap it for AXS. You can then swap SLP for AXS by using Ronin’s native Katana Dex. AXS is rewarded within the game, alongside Smooth Love Potion. The easiest way is to play Axie Infinity. Sky Mavis recommends adding a hardware wallet as an additional layer of security.
#Stake axie infinity password#
Make sure to back up your private key and password somewhere secure. Skip this if you’re an Axie expert and have a pile of AXS staked already. Here’s how you can get started with a delta neutral AXS strategy: Staking AXS # When the price goes down, the short increases in value, and the long decreases proportionally.īy going delta neutral in Float Capital’s AXS market, you’re free to mine AXS rewards AND alphaFLT rewards without worrying about unfavourable price action. That means that if the price to which the positions are exposed goes up, the long position increases in value and the short decreases proportionally. They make sure that every point of long exposure in a trading strategy is counterbalanced by equivalent short exposure. There’s an easy way of reducing this risk though – going delta neutral.ĭelta neutral trading strategies remove the risk of market exposure. Normally more AXS is a good thing, but if the price drops while you’re staking, then your stake and all the rewards earned will lose value.
But, there is one major risk to consider – price exposure.ĪXS staking rewards are paid in more AXS. You’ve played the game, earned your SLP, swapped it for AXS, and now you’ve got that AXS staked in Axie Infinity to earn dank rewards.
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