Waves is an open blockchain network which is secured by LPoS (Leased Proof of Stake).
This means that blocks can be generated by nodes if they have enough $WAVES on their generating balance of the nodes’ address. Anyone can lease/stake their $WAVES to an address. Pool nodes like BearWaves will do payouts of the generated revenues by generating blocks.

Current payout scheme: 97% of the mined fees and generated block rewards. Payout on Thursdays.
BearWaves is listed on the Waves staking page at https://waves.exchange
Pool address: 3PEFQiFMLm1gTVjPdfCErG8mTHRcH2ATaWa or use the alias: bearwaves