Stake Axelar (AXL)
Part of the Cosmos ecosystem, Axelar is a Proof-of-Stake blockchain that acts as an application layer, enabling dApp users to interact with any asset or application, on any chain, in one click. Also dubbed “Stripe for web3,” the Axelar network facilitates the permissionless transfer of value across chains, thus supporting interoperability.
The Axelar network is composed of a decentralized system of validators, smart contracts, and a suite of developer tools that allow dApp builders to wrap assets for cross-chain transfer, communicate seamlessly with other blockchains, and unlock composability.
Finoa’s Axelar validator is run by Finoa Consensus Services, the Finoa subsidiary that builds blockchain infrastructure. By staking to an FCS node, you agree to the Finoa Consensus Services Terms and Conditions .
How it works
1
Go to https://wallet.keplr.app/chains/axelar and connect your wallet.
2
Search for "Finoa Consensus Services" in the "Search validator" box.
3
Click "Manage" to open the dialog box and select "Delegate".
4
Enter the amount you want to delegate. Keep some AXL to pay transaction fees.
5
Click "Delegate" and then click "Approve".
6
Check and approve the transaction in your Keplr wallet.
Start growing your AXL portfolio with delegated staking today.
Stake AXLWhy stake with us?
Grow your AXL holdings and support the Cosmos network by delegating your stake to the Finoa Consensus Services Validator.
Get peace of mind: use a validator run by a team of experts dedicated to upholding network security and supporting decentralization.
Earn rewards with confidence: your funds are put to work by a validator that is set up securely, has high uptime, and is and monitored 24/7 to mitigate slashing risks.
Get help when you need it: you can reach out at any time with questions or to ask for support with setting up delegations to Finoa Consensus Services.
Axelar staking FAQ
The Axelar token enables the functioning of the Axelar network in three ways:
- It supports fee payments for using the network.
- It provides incentives to validators and stakers to keep the network secure through Proof-of-Stake consensus.
- It facilitates governance through token-based voting.
Rewards on the Axelar network are inflationary, increasing the total supply of the token. The inflation rate is currently 15%. You can check any changes on the block explorer.
The token supply may become deflationary if the fees collected for cross-chain transitions are higher than the total sum of the network processing cost, token buy-backs, and the number of tokens burned.
To ensure that validators are behaving according to the rules of the protocol, most Proof-of-Stake networks enforce punishments via slashing. Axelar tokens can get slashed (i.e., by burning or seizing) if:
- The validator has downtime, in which case the penalty is 0.01% per block.
- The validator is double-signing transactions, prompting a 2% slashing penalty per block.
The recommended wallet for delegated staking of Axelar tokens is Keplr Wallet.
For users with specific security and compliance needs, we recommend in-custody staking via the regulated Finoa platform.
You maintain full custody of your tokens when delegating your Axelar tokens to the Finoa Consensus Services validator.
Finoa’s Axelar validator is run by Finoa Consensus Services.
Founded in 2022, Finoa Consensus Services (FCS) is Finoa’s first subsidiary. FCS develops blockchain infrastructure and distributed validator technology that secures decentralized networks and maximizes institutional investors’ capital efficiency.
By staking to an FCS node, you agree to the Finoa Consensus Services Terms and Conditions.
Interested in our products?
Reach out with your questions or to request help with setting up AXL delegations.