Axelar Delegation Guide
Axelar is a secure cross-chain communication network built using Cosmos SDK. It seeks to bring interoperability and composability to web3 by connecting blockchain ecosystems, applications, assets and users. The base protocol reward rate is ~8% as of September 2022, with an incremental reward rate for every additional chain a validator supports. Coinbase Cloud’s validator is set up to perform additional work on the chain, positioning our delegators to earn a greater share of rewards. (Reward rates are set by the protocol foundation, and subject to change.)
To learn more about the network, visit our Guide to Axelar. To keep up with network insights and developer solutions, visit Coinbase Cloud. If you are a large token holder and would like to discuss specific delegation requirements, reach out to our team.
Coinbase Cloud public validators offer high-uptime, and are architected to minimize downtime and double-signing. You retain full control over your assets when you delegate with self-custody wallets on Coinbase Cloud.
|Minimum delegation||> 0|
|Unbonding period||7 days|
|Estimated APY||~ 8% base with incremental rewards for every additional network a validator supports|
Keplr or Cosmostation wallet funded with native AXL.
To stake, you need native AXL on the Axelar blockchain. If you are purchasing your AXL from an exchange, read the listing information carefully. Some exchanges support the native token, while others list an ERC–20 representation which is usually wrapped AXL or wAXL. To learn more about how AXL is represented on other chains, see What Is wAXL?.
If you hold the ERC-20 version of AXL (wAXL), you can convert your tokens to native AXL (AXL) via satellite.money. This process also requires an Ethereum wallet funded with the ERC-20 version of AXL. See more on this below.
Enough AXL to cover transaction fees. You can fund your wallet with native AXL by:
Purchasing native AXL directly from an exchange (once available) and sending it to your wallet.
Converting ERC-20 AXL to native AXL via satellite.money.
- Delegators may earn more by staking tokens to a validator that earns a higher share of network rewards.
- Rewards are distributed to validators and paid out to delegators by validators every block (~6 seconds).
- Delegators need to claim and restake rewards manually to receive compounding rewards.
- Unbonding your tokens incurs gas fees.
Links to Instructions
- Setting up your Keplr Wallet (for first-timers)
- Funding your Keplr Wallet
- Send native AXL from an exchange to your wallet
- Convert ERC-20 AXL to native AXL via satellite.money
- Axelar Delegation Flow
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