Updates WAX precision

[karynemayer]

Description

Updates WAX's precision from 4 to 8 so users don't have to manually change it. It also removes the one instance found that used a hardcoded precision and not the one defined within the chain configuration file.

Test scenarios

Checklist:

• I have performed a self-review of my own code
• I have commented my code, particularly in hard-to-understand areas
• I have cleaned up the code in the areas my change touches
• My changes generate no new warnings
• Any dependent changes have been merged and published in downstream modules
• I have checked my code and corrected any misspellings
• I have removed any unnecessary console messages
• I have included all english text to the translation file and/or created a new issue with the required translations for the currently supported languages
• I have tested for mobile functionality and responsiveness
• I have added appropriate test coverage
• I have updated relevant documentation and/or opened a separate issue to cover the updates (Issue URL: )

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