Lite client: How to Lease your WAVES

Leasing or LPoS

LPoS (Leased Proof of Stake) gives you the opportunity to make the network stronger and safer while receiving more WAVES and MRT as a reward for doing so. It's the so called "leasing". Most people don't have 10.000 WAVES to run their own node, so they are still able to help the whole project through leasing their WAVES to someone who is able to run a node. Most big nodes pay in a one week cycle to their users.

How to Lease your WAVES

Open the Waves Lite Client and click on the Leasing Button. The button looks like a "L". The new tab will open

Leasing Button

Balance Leasing

This will be our important part. You have three editable boxes under "Balance Leasing".

Recipient: This box is where the specific node address belongs to. In the Waves Community there are already several node you can lease your WAVES.

Here is a list of currently active pools:

Choose one of the addresses above you want to lease your WAVES. 

Amount: There you put your amount of WAVES you want to lease to the specific node.

Fee: That is the amount of fee you want to give for this kind of transaction. Higher Fees means faster transaction to the specific node so you can start to lease sooner.

After you put everything in the boxes you are ready to lease! So click on the "LEASE" Button

Leasing Window

Shortly after you will see a blinking list entry that is completing your leasing transaction in the "LEASING TRANSACTION" table.

Leasing Window

How to close my Lease?

To cancel your lease simply open "Leasing" tab in the Waves wallet and scroll down to Leasing Transactions. Select your latest "Outgoing Start Leasing"  type transaction and click on the icon in the right. Select "Cancel Leasing" in the drop-down menu. That's it! You'll see the "Outgoing Cancel Leasing" type transaction soon.


If I lease, do I still receive token airdrops like WBTC or RiptoBux?

Yes, you will still receive token airdrops like WBTC, WCT or RiptoBux. You only lease your WAVES but they are still in your Wallet.

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