Everstake Validator Address
AXELARVALOPER1RQP7VVL9CJMDAN44DNY56QADWG590UXV8HAMUX
Axelar in the Everstake Blog
Axelar
How to Stake Axelar via Exodus Wallet
Learn how to stake AXL tokens easily with Exodus wallet, earn rewards, and contribute to Axelar’s security in just a few clicks.
JAN 05, 2024
Axelar
How to stake Axelar (AXL) using Frontier Wallet
In this guide, you will know how to stake $AXL using Frontier Mobile Wallet.
MAY 11, 2023
Table of Contents
Delegating step-by-step
About Axelar
Axelar Tokenomics
Useful materials
Delegating step-by-step
Why delegate to Everstake?
Everstake is a large staking service provider with one of the most extended ecosystems. We’re actively involved in various crypto projects and contributing to the ecosystems we support. And at the same time, we never had problems with slashing, uptime and performance. Our team supports the infrastructure that you can rely on without worrying about securing your funds. By delegating with Everstake, you have a great opportunity to increase your yields and be calm about your tokens.
Willing to stake more than $500,000 worth of AXL? We offer special terms for major investors. Contact us for more details.
To get customer support, please follow the Discord channel.
Everstake validator in the Axelar explorer
How to delegate Axelar tokens to Everstake?
Everstake's goal is to do staking accessible for everyone. Our team has prepared a step-by-step guide to make your staking process easy and convenient. Take a look:
- How to Stake Axelar (AXL) via Exodus Wallet (desktop and mobile)
- How to Stake Axelar (AXL) via Keplr Wallet
- How to Stake Axelar (AXL) via Keplr Mobile Wallet
- How to Stake Axelar (AXL) on Ledger Using Keplr Wallet
- How to Stake Axelar (AXL) with Cosmostation Wallet
- How to Stake Axelar (AXL) with Cosmostation Mobile Wallet
- How to Stake Axelar (AXL) with the Leap Wallet
Video guide:
Many exchanges list the ERC-20 version of the AXL token – wAXL (wrapped AXL). Pay attention that you can stake only with the native token AXL. If you want to stake AXL, read our guide on how to convert it from wAXL:
About Axelar
What is Axelar’s idea?
Axelar is a universal decentralized network with an ambitious goal to connect all blockchains, assets and applications through a universal set of protocols and APIs. The team aims to make all of the cross-chain interactions simple and seamless in the same way that our local networks are connected globally. You can send a message from one continent to another without having to think about transferring, and you don’t need to look for bridges or side programs/interfaces to do so. You can send an email from an @gmail.com address to an @yahoo.com or any other domain without thinking much about it. In the same way, Axelar’s team wants to connect the blockchains of all protocols and web3 projects.
Axelar consists of two layers: The network and the API above it.
At Axelar’s core is a permissionless overlay network. It delivers Turing-complete cross-chain communication via proof-of-stake and permissionless protocols. In this way, it’s similar to Akamai and other CDNs that enabled the rise of YouTube, Zoom and a globally interconnected web. Axelar validators monitor gateways on the interconnected chains (smart contracts) and run a decentralized protocol to process cross-chain messages between them.
Ecosystem
Hundreds of protocols and applications are building the future of Web3 with Axelar in different categories: DeFi, NFT, Wallets, Infrastructure, Gaming and Payments. Take a look at the whole list.
Axelar Tokenomics
The total supply at genesis: 1B AXL.
The token economics for AXL is geared towards creating a token economy that supports the Axelar network in achieving the following key outcomes.
- Security. A proper incentives model with healthy staking rewards encourages a wide validator set to operate secure nodes.
- Decentralization. A token distributed across a wide set of holders who will delegate to a decentralized set of validators and contribute to governance decisions.
- Longevity. The token economics are designed to encourage general maintenance of all critical Axelar-related processes (such as block validation).
- Ecosystem growth. The token incentivizes dApp builders to use Axelar APIs for cross-chain development.
AXL token allocations at genesis:
- Company: 29.5% (Core team: 17%, Company operations: 12.5%)
- Backers: 29.54% (Seed: 13.4%, Series A: 12.64%, Series B: 3.5%)
- Community sale: 5%.
- Community programs (incl. insurance fund): 35.96%.
Inflation
The recent Axelar Governance Proposals decreased the inflation rate in the network:
- Base inflation to 4% (2% in Tendermint inflation + 2% for multi-party signing). Note: The governance upgrade proposal will only set Tendermint Inflation at 2.00%; multi-party signing inflation just doubles Tendermint inflation based on current parameters.
- Inflation rate per EVM chain – 0.75%.
- When the new inflation reaches 10.75% (2 more EVM chains added), decrease the base inflation to 1% before adding more chains.
Useful materials
Frequently Asked Questions
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