How to add wavax to MetaMask?

I'm curious about the process of adding WAVAX to MetaMask. Could you please provide a step-by-step guide on how to do this? I've heard that WAVAX is a popular token on the Avalanche blockchain, but I'm not sure how to add it to my MetaMask wallet. Is there a specific network I need to select or any additional settings I should configure? Additionally, could you clarify if there are any potential risks or security concerns I should be aware of when adding WAVAX to MetaMask? I'm eager to learn more and start using WAVAX in my crypto transactions.