# Pref Payments

## Pref Payments & Intervals

WFN V2 offers two main ways for stakers to receive their rewards: **Preferences** and **Payments**

### Node Address

To start staking, lease your WAVES to the following address: \
[3P98uUFYSP3jRr76kUAeW96Vb2m4LZhrAAf](https://w8.io/3P98uUFYSP3jRr76kUAeW96Vb2m4LZhrAAf)

### 1. Preferences

If you are an active user who has set on-chain preferences, you can customize your payment schedule

* **Custom Intervals:** You can set your own payout interval (e.g., every 500 blocks or every 10,000 blocks)
* **Continuous Processing:** Our "Preferences Engine" runs every 4 minutes, checking if any users are due for a payment
* **What happens when it's time?**
  1. The engine calculates your total rewards (WAVES, LP, UNIT)
  2. It performs any swaps you've requested (see [Pref Swaps](/documentation/prefs/pref-swaps.md))
  3. It bundles all your rewards into a single, efficient transaction and sends it to your wallet

### 2. Payments

For users who haven't set specific preferences (Default), rewards are still distributed automatically

* **Weekly Cycle:** Mass payments for WAVES, LP, and UNIT typically happen once a week
* **Efficiency:** We use the Waves `WFNpayoutsMulti` transaction to send rewards to many users at once, minimizing blockchain fees

{% hint style="info" %}
**No action needed:** If your preferences are outdated due to rule changes, no problem you will receive them by default, even if the preference time is outside the rules
{% endhint %}

Setting preferences is an on-chain action using the `setPrefs` function. This allows you to specify 3 token pairs, a target recipient wallet, and your desired pay interval.

#### Config & Monitoring

All preference-related configurations are stored and managed on the following address: [3PMGwbhVG6LiQvM4WKHECs6CG1dmWXx3Hgd](https://w8.io/3PMGwbhVG6LiQvM4WKHECs6CG1dmWXx3Hgd)

This address maintains critical settings such as:

* **Min/Max Periods:** Allowed payout time ranges.
* **Allowed Tokens:** Which tokens are available for reward swaps.
* **AllowedFrom Tokens:** Original source tokens for swaps
* **Min Period:** 100 blocks (approx. 1.7 hours).
* **Max Period:** 50,000 blocks (approx. 35 days).
* **Automatic Retry:** If a payment transaction fails (e.g., due to temporary network congestion), the system will automatically retry in the next cycle or use the fallback)

### Pref Commission (Getting Better Rates)

While our node takes a small commission to maintain the infrastructure and automated services, we believe in rewarding loyalty and large-scale participation.

* **Standard Fee:** Typically 10% (see Limits & Rules for details)
* **Preferential Fees:** If you are a long-term staker, a partner, or a large-scale participant, you can enjoy custom fee structures that are significantly lower than the standard rate.

{% hint style="info" %}
**Want a better commission ?** We are always open to discussing custom terms for our dedicated community members. Message us directly via Telegram at <https://t.me/wavesfunny> to get your preferential commission set up
{% endhint %}

**Where do the fees go ?** Commissions cover server costs, security maintenance, continuous backend development, and the expansion of the WavesFunny ecosystem

***

*Understand the Limits, Rules & Maturity to maximize your earnings.*


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