How to lend WAVES to full nodes (Balance leasing on Wavesplatform)

theroliyogi (54)in #cryptocurrency • 7 years ago (edited)

How to lend WAVES to Pools

Some of you know the Problem that you need 10.000 WAVES to have a full node to gain reward. But there is another solution called lending. Its actually very easy to lend WAVES to another full node without losing control over your coins.

If you like to gain reward, you can lend them to another full node with a few easy steps.

Just 4 Quick steps:

Open and unlock your wallet
Switch to the landing tab in the middle of the menu. The L
Find a full node who you like to lend to- I use https://wavesnode.net/#post-73
Under balance leasing type in the amount you would like to lend and the recipient.

What you need to know:

Your coins always stay under your control, even if they are lend to someone else
During lending you cannot transfer your coins to another wallet.
You can stop lending your coins at any time.
You Wallet does not have to run.
Payouts will be weekly, 100% of earned Waves and 85% of earned MRT, Ripto Bux & Mercury will go to leasers. (applies to wavenodes.net)
Trust your partner you lend money too. A good sign for trust is that they provide a website, a concept and and a overview about the daily/weekly payouts.

More information:
https://blog.wavesplatform.com/balance-leasing-launched-in-lite-client-926f08c6a57f

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