Alcor launches Wax staked for DEFI

Alcor exchange continues to improve and has just launched Liquid Staked WAX ($LSW) which is a staked version of WAX for use in DEFI.
To get LSW you first have to stake WAX in Alcor which gives you a return of approximately 8%. An amount equal to if you bet it yourself.

Advantages and disadvantages of LSW.

Advantages:

• You keep WAX liquid while receiving the same profitability as you bet.
• You don't need to worry about voting since everything is done automatically. You won't lose days if you forget, you get full profitability.
• You can use LSW for Alcor liquidity pools and earn more rewards.
• They say that they will be taken into account for future air launches of projects associated with the exchange.

Disadvantages:

• You lose control of your votes, that is, decision-making power in the blockchain.
• It is a derivative, not the original token, and that always carries greater risks.

Screenshot of the wax.alcor.exchange website

Another thing to keep in mind is that if you want to withdraw WAX from the bet to get the total you must wait 3 days. Something that is very familiar to HBD users even though one token has nothing to do with the other.

It seems to me that this is another good step in the right direction for WAX that is creating interesting developments. There is still a lot to do but we are heading in the right direction.
Alcor has dropped that with the new token it will be possible to create leveraged positions and loans. That brings it closer to other chains that are much more popular but also much more expensive.
It would also be necessary for them to have other derivatives such as BTC or ETH in addition to USDT to create a more competitive DEFI ecosystem.

If you like draws and you like to receive dividends, the token that has everything "SORT" has arrived.
Perpetual lottery ticket that distributes dividends 1 Ticket for every 10 Sort Tokens Gives the right to participate in multiple raffles without the need to sign up.
You can purchase your Sort tokens here:
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