Step-by-step on staking the AXL token to contribute to the security of cross-chain communication on the Axelar network.
Once you have the native AXL token on the Axelar blockchain, you might want to stake the network, i.e. hold AXL in your wallet to support the security and operations of the Axelar blockchain network. In return, you will earn a reward.
This tutorial shows how to stake 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 staking transaction. Click here to learn how to set up AXL on Ledger.
[ ] you must have the native Axelar token on the Axelar blockchain. If you have ERC-20 Axelar and want to convert it to the native Axelar token, follow this guide.
Click the [Approve] button and you are done.
You can now check your total staked AXL. Click Manage to undelegate or redelegate AXL.
AXL is a chain-agnostic token, meaning it can be represented on various chains. The ERC-20-compatible version of AXL, used on EVM chains, is called wAXL. This tutorial shows how to convert
“In order to reach the next billion end users, Web3 needs to onboard millions of developers. Mysten Labs is paving the way for that with an asset-oriented programming language and a developer-friendly environment”
With AXL token release schedules beginning today, the Axelar network reaches a new level of decentralization, and establishes itself as the most secure and richly featured cross-chain network available.