Axelar

Axelar

AXL
Market cap$442,988,008.00
Price$0.619
Est. APR7.84%Fee 10%

What is Axelar?

Axelar is a Proof-of-Stake cross-chain communication platform built on Tendermint, enabling decentralized bridges between Ethereum and EVM blockchains such as BSC, Polygon, Avalanche, Base, Optimism, as well as Cosmos ecosystem networks.

Axelar features built-in APIs and its own SDK (Software Development Kit). For retail blockchain users, Axelar also features Satellite, which provides an interface for cross-chain transfers.

Axelar Network charges a cross-chain base fee measured as a percentage of the amounts transacted. AXL is the native cryptocurrency on Axelar used to pay for transaction fees within the Axelar network.

What is Axelar staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as AXL) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens, and you receive 5 additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as AXL does not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for Axelar staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator.

Stakin is an excellent choice for staking your Axelar (AXL) tokens, as we have a strong expertise and track record of reliable operations and contributions on this network. Stakin has been a contributor to the Axelar testnet since 2020. Stakin already supports 20+ Cosmos networks and is an active governance participant and voter on all key proposals. As a community contribution, Stakin provides public RPC nodes and IBC Relayers connecting the IBC ecosystem of networks.

There are several advantages when staking your AXL tokens with Stakin, such as:

  • Triple AAA-rated institutional staking provider by Staking Rewards

  • ISO 27001-certified staking provider

  • Tracking dashboard, to easily track and generate reports for the performance of your staked assets

  • Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

  • Dedicated support for all your staking, unstaking, and network-related questions

  • Institutional grade SLAs with uptime and slashing guarantees

What kind of institutional services does Stakin offer for Axelar (AXL) Staking?

As an institutional-grade Axelar node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

  • Institutional grade SLAs with 99.5%+ uptime guarantees and slashing guarantees

  • Integration with custodians, such as Anchorage and also Fireblocks (via raw signing)

  • Dedicated Account Manager to answer all your technical and commercial questions

  • Boosted yield with support for more than 15+ chains for bridging. On Axelar, rewards come from base inflation, as well as a bonus for each externally supported chain by the validator. To offer a higher yield for our stakers, we provide connections with as many chains as possible for bridging and preferably use our own RPCs for security and reliability

  • Information about potential airdrops that you may be eligible for by staking with us so that stakers can maximize your staking yield

  • Custom integrations and solutions such as custom performance reporting via API or CSV with the possibility to match your backend requirements

  • Whitelabel and dedicated nodes with dedicated infrastructure which can be deployed in your preferred region to fit decentralization or compliance needs

  • Automated commission and reward management with clear reporting

  • 24/7 monitoring and alerting with a private dashboard for dedicated and whitelabel nodes

  • Free premium access to Stakin Dashboard which includes staking data visualization across any validator and premium historical data features (on selected networks)

How we support interoperability

Looking to stake more than 500,000 AXL?

Get in touch with us to learn more about our offerings.

Have more questions?

Contact us through:

For institutional investors, Stakin has partnered with leading custodian providers.

We can help you navigate your questions concerning staking, security, and risk management.

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