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May 1, 2022

How to Stake the AXL Token on the Axelar Network

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Axelar Team

Step-by-step on staking the AXL token to contribute to the security of cross-chain communication on the Axelar network.

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

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.

Prerequisites:

  • [ ] 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.

Animated screen grab: opening the Keplr wallet app.

2. Choose the Validator and click [Manage]. Then hit [Delegate].

💡 For tips on which criteria to consider when choosing the validator, refer to this guide. 💡
Animated screen grab: selecting a validator on Axelar network using Keplr wallet.

3. Enter the amount and click [Delegate].

Animated screen grab: selecting the amount to stake on Axelar network using Keplr wallet.
💡 If you want to use your staked AXL for something else, then you have to first undelegate it. This process will take seven days to complete, and will affect your rewards. In addition, undelegating AXL will incur a gas fee. 5 AXL should be enough to cover this fee, but this number may change under certain market conditions. 💡

4. Keplr will generate a transaction window.

Click the [Approve] button and you are done.

Animated screen grab: finalizing a transaction to delegate AXL and stake on Axelar network.
💡 By the end of this step, you should have 5 AXL staked in your Keplr wallet account. 💡

5. Staking is done.

You can now check your total staked AXL. Click Manage to undelegate or redelegate AXL.

Animated screen grab: checking delegated AXL staked via Keplr wallet.

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September 29, 2022

How to Convert AXL to the EVM-Compatible wAXL Token

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

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September 27, 2022

Axelar Partners with Mysten Labs to Bring General Message Passing to Sui Blockchain

“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”

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The AXL Token Is Now Live

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.

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Axelar powers the cross-chain future.