Once you have the native AXL token on the Axelar blockchain, you can also "provide liquidity,” or "LP," i.e., lend out this token to other people who want to borrow it, and earn a certain interest rate.
This tutorial shows how to LP AXL token 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 LP-ing transaction. Click here to learn how to set up AXL on Ledger.
Select [Keplr Wallet] and hit [Approve] to connect your Keplr wallet.
Select the asset you want to provide liquidity for, which should be AXL, and hit [Deposit].
A transaction window will be generated. Hit [Approve].
Select an appropriate pool where AXL is one side of the pool, e.g. AXL/OSMO.
Upon clicking approve, you should receive your LP tokens. LP tokens represent a share of ownership in the pool.
A transaction window will get generated. Hit [Approve] and refresh the page.
To unbond your LP tokens, scroll down to the [My Bondings] section and click the [Unbond All] button.
Depending on the Unbonding Period you selected, you may have to wait up to 14 days to receive the assets — both your initial investment and rewards earned.
Once the 14 days are over, you will have to manually remove the assets into your Keplr wallet by clicking [Add/Remove Liquidity].