Everything you need to know about staking Axelar (AXL) in Exodus.
AXL staking is available on Exodus Mobile and Exodus Desktop.
Need a crypto wallet to stake AXL? You can download Exodus here.
In this article:
What is AXL staking?
Staking AXL actively supports the Axelar network by allocating resources and contributing to its stability.
Staking AXL means locking up a chosen amount of your AXL. You can claim AXL staking rewards from your Exodus wallet. Staked AXL can't be sent or swapped.
However, you can unstake your AXL whenever you choose. AXL takes up to 7 days to finish unstaking.
AXL staking is available on Exodus Mobile and Exodus Desktop.
Staking AXL FAQs
What happens when I stake AXL?
Staking means pledging an amount of your AXL to a validator. This makes you a delegator.
Axelar validators validate and approve transactions on the Axelar blockchain. The more AXL delegated to a validator, the more transactions they get to validate, so the more rewards they earn. By delegating your tokens to the validator, you are voting for and signaling your trust in them.
The more transactions a validator validates, the more money they earn. From the earned rewards, they give back to everyone who delegated their AXL to them. This is how you earn rewards on your staked AXL.
How does staking work?
When you stake your AXL, you choose how much of your AXL you want to delegate to the validator.
You must stake at least a minimum of 0.01 AXL, for which you immediately start accumulating rewards.
Staked AXL can't be sent or swapped.
You can claim rewards once you have earned a minimum of 0.1 AXL.
Staking new AXL will automatically claim any unclaimed rewards, which will incur a network transaction fee.
Which validator will I be delegating my funds to?
When you stake AXL in Exodus, you will be delegating your funds to our third-party staking API provider Everstake.
How much can I earn from staking my AXL?
To learn more about Annual Percentage Yield (APY), visit: What is APY?
You can view the current approximate APY in your AXL wallet.
Mobile
Your AXL stake section will show your current APY.
Desktop
Your AXL wallet will show your current APY in the top left corner.
Does Exodus charge a fee to stake AXL?
Exodus doesn't charge fees to stake AXL, but you will pay a few network transaction fees. 100% of these fees go to the Axelar network.
There are transaction fees for staking AXL, claiming AXL rewards, and unstaking AXL.
You will need to wait to claim your AXL rewards until you have earned enough to cover the network fee because the network fee is deducted from the rewards.
What is the minimum amount I need to start staking?
The minimum amount of AXL you can stake is 0.01 AXL.
When will I start earning rewards?
Your AXL starts earning rewards as soon as you stake it.
Is staking AXL safe?
Staking your AXL is done in a self-custodial way in Exodus. That means it is as safe as holding AXL in your wallet.
You keep full control over your AXL while it's staked, and you're free to unstake whenever you choose.
Note that it will take up to 7 days after unstaking AXL before it is available to send or swap.
How do I stake AXL?
Mobile
Staked AXL is locked, and it can't be sent or swapped. You can unstake AXL anytime. Unstaking AXL takes up to 7 days to complete.
In Exodus Mobile, a) tap the Profile icon, then b) tap Staking.
Tap Axelar.
Tap Stake AXL.
a) Enter the amount of AXL you want to stake, then b) tap Stake AXL.
You will be prompted to confirm the amount. To proceed, tap Stake.
Your AXL has now been staked! Tap Continue to return to your AXL wallet.
Desktop
Staked AXL is locked, and it can't be sent or swapped. You can unstake AXL anytime. Unstaking AXL takes up to 7 days to complete.
In Exodus Desktop, click the Rewards app.
Navigate to Axelar (AXL), then click Explore.
a) Enter the amount of AXL you want to stake, then b) click Stake AXL.
You will be prompted to confirm the amount. To proceed, click OK.
Your AXL is now staked! Click OK to return to the Axelar staking portal.
How does unstaking work?
When you decide to unstake your AXL, you can choose the amount you want to unstake.
The amount you choose to unstake will become unbonding, and you will need to wait up to 7 days before you can access your AXL. Unstaked AXL does not earn rewards for the 7 day unbonding period.
Once the 7-day unbonding period finishes, your unstaked AXL will be returned to your wallet balance.
Unstaking AXL will auto-claim any unclaimed rewards.
How do I unstake AXL?
Mobile
In Exodus Mobile, a) tap the Profile icon, then b) tap Staking.
Tap Axelar.
Tap Unstake AXL.
a) Enter the amount of AXL you want to unstake, then b) tap Unstake AXL.
When you unstake AXL, the unstaked amount becomes unbonding, and you will need to wait for up to 7 days before you can access it.
Desktop
In Exodus Desktop, click the Rewards app.
Navigate to Axelar (AXL), then click Get Reward.
a) Click the Unstake tab at the top, b) enter the amount of AXL you want to unstake, and c) click Unstake AXL.
Click Unstake AXL to confirm.
When you unstake AXL, the unstaked amount becomes unbonding, and you will need to wait for up to 7 days before you can access it.
How do I claim AXL rewards?
Mobile
In Exodus Mobile, a) tap the Profile icon, then b) tap Staking.
Tap Axelar.
Tap Claim Reward.
Tap Claim Rewards.
Claiming AXL rewards will incur a transaction fee.
Desktop
In Exodus Desktop, click the Rewards app.
Navigate to Axelar (AXL), then click on Get Reward.
From the Claim Reward tab, click Claim Reward.
Claiming rewards will incur a network transaction fee.
