LPoS (Leased Proof of Stake) allows the token holders to lease their tokens to the Waves nodes and earn a percentage of the payout as a reward. This is called Leasing.
Most people don't have 1000 WAVES to run their own node, but they still can help the project by leasing their Waves to someone who is able to run a node.
The biggest nodes pay to their users on a weekly basis. The LPoS reward depends on the conditions of the selected pool.
Note: we do not regulate the payment process, so please carefully read the terms of payment and do your own investigation of the pool that you want to use before using LPoS service. The terms can vary between LPOS pools.
The list of nodes can be found here.
How to Lease Your Waves
Open Waves.Exchange app and navigate to the Investments tab. In the investments tab click on Start Leasing:
Note: For details about leasing conditions click Quick note.
Click Start Lease to open leasing section:
The Leasing section has two boxes: one box to specify the Recipient address of a mining pool, another box to specify the Amount you are willing to lease:
Fill in the fields and click Start Lease.
In the following window double-check the entered data and if everything is correct click Send or click Go Back to make corrections.
Once you click Send, the transaction details will be displayed in the Leasing transactions table.
That means that you have successfully leased your Waves.
How to Close Active Lease
To cancel a lease, select Leasing in the Wallet drop-down menu, find the active lease and click Cancel Leasing in its menu.
Check the entered data and if everything is correct click Sign, then click Send.
That's it! You will see the message "You have canceled a leasing transaction".
If you have any questions related to Waves.Exchange, feel free to contact us via customer support.
tags: LPoS lease waves leasing investments passive income