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May 1, 2022

How to Convert ERC-20 AXL to Native AXL

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Axelar Team

The AXL token trades on some exchanges in an ERC-20 version. Before staking, ERC-20 AXL must be converted into native AXL. Axelar makes this simple. Here's how to do it.

AXL token
❗ This is a desktop/web tutorial.❗

Axelar has issued ERC-20 versions of the AXL token to EVM chains, e.g. Ethereum, Avalanche. You may want to convert these to the native token on the Axelar blockchain, in order to stake tokens and perform other actions on the network. To do so, follow the steps below.

Some exchanges that list AXL will list the ERC-20 version of the token. Most of these are assigning it the ticker wAXL. Other exchanges are listing the native AXL token, which gets no prefix: the ticker is just AXL. (A limited number of exchanges are using other conventions, due to technical limitations -- including WAXL in some cases and, in others, simply AXL to denote the ERC-20 version of AXL. Please read listing information carefully on each exchange, to understand which version it supports.) Throughout this post we will use wAXL to refer to ERC-20 AXL.

For more info on staking, bridging & other actions you can take with AXL & wAXL, visit our tokenholders' guide.

This tutorial shows how to convert ERC-20 AXL (wAXL) to native tokens using the Keplr wallet. The process will be similar for other wallets that support Axelar network, including Cosmostation. Remember that if you are using a Ledger device in conjunction with your Keplr wallet, you will need to make sure the Ledger device is connected and the appropriate app (Cosmos or Axelar) is open, in order to complete your transaction. Click here to learn how to set up AXL on Ledger.

1. Install Keplr wallet.

Keplr is a crypto wallet for the Cosmos ecosystem.

Animated screen grab showing how to install Keplr in Chrome.

2. Set up your Keplr account.

💡 Keplr is officially available only as a Chrome extension. 💡
Animated screen shot of Keplr wallet account setup.
💡 If you are creating a new account, write down your mnemonic seed phrase on a piece of paper and store it in a secure place. Avoid taking screenshots. 💡

3. Go to https://satellite.money/.

4. Select the source chain that you want to transfer from.

This should be an EVM chain, like Avalanche.

5. Select the destination chain that you want to transfer to.

This should be Axelar.

6. Click [Autofill from: K ].

💡 You must authorize the connection between Keplr and satellite.money. Always double check requests before authorizing. 💡

7. Click [Connect MetaMask to See Balance].

A pop-up will appear, displaying a button with the MetaMask logo. Click the button. A MetaMask pop-up will appear. Select the account you want to use and click [Next], then [Connect].

8. Enter the amount you want to transfer and click [Generate Deposit Address].

9. Confirm transaction details.

Confirm the address you are sending to and click [Confirm]. Click [Send from MetaMask].

10. Confirm and send.

MetaMask will generate a transaction window. Hit [Confirm].

💡 By the end of this step, you will have converted the ERC-20 AXL token into the native AXL token. 💡

11. Check your Keplr wallet for newly arrived AXL.

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