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In a small bowl, dissolve yeast in warm milk and let it sit for 5 minutes until frothy.
Make the dough:
In a large mixing bowl, combine flour, granulated sugar, and salt. Add eggs, vanilla, and the yeast mixture. Mix until a rough dough forms.
Incorporate butter:
Gradually add softened butter, mixing until fully absorbed. Knead the dough by hand or with a stand mixer for about 5 minutes until smooth and elastic.
First rise:
Cover the dough with a clean towel and let it rise in a warm place for about 45 minutes until doubled in size.
Add pearl sugar:
Fold the pearl sugar into the dough gently until evenly distributed.
Second rise:
Let the dough rest for another 15 minutes.
Cook waffles:
Preheat a waffle iron. Divide dough into portions (about 3-4 tablespoons each) and cook until golden brown and caramelized, about 3-5 minutes per waffle.
Serving and storage tips:
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