Chorus One Validator
axelarvaloper16pj5gljqnqs0ajxakccfjhu05yczp987zac7km
Recommended Wallets
Block Explorers
https://www.mintscan.io/axelar or https://axelarscan.io/
Staking Rewards
https://www.stakingrewards.com/asset/axelar
Unstaking Period
21 Days
Axelar (AXL) is a decentralized interoperability network designed to facilitate seamless communication between different blockchain ecosystems. It provides a universal protocol that allows applications to connect and interact with multiple blockchains, enabling the secure transfer of assets, data, and messages across diverse networks.
Axelar achieves this by using a set of decentralized gateways and cross-chain communication protocols, ensuring compatibility and smooth integration with various blockchains, including both Layer 1 and Layer 2 solutions.
For the focus of this guide, we recommend using the Keplr wallet. While Leap is usable, this guide will walk through a demonstration with Keplr.
However, if you would like to use the Leap wallet and stake directly to the Chorus One validator via Mintscan, you can reference the quick guide below to start your Leap wallet.
In case you don't have the Keplr extension installed in your browser, please visit https://www.keplr.app/ and click on 'Install Keplr'.
Click on Install Keplr for Chrome if you are using a Chrome browser or Brave if you are using the Brave browser and follow the installation instructions.
Click on the extension in the Chrome/Brave toolbar, and the following page will open up.
If you do not have an existing Keplr account, you can click 'Create a new wallet'.
If you already have a wallet to use, you can select 'Import an existing wallet', or you can connect with a compatible hardware wallet, such as a Ledger device.
Alternatively, Keplr now offers the ability to associate your wallet with your Google account, however, this is a less secure way of establishing your wallet and is not recommended.
If you choose to create a new wallet, you will be shown 12 words as your mnemonic seed.
Please be sure to back up your mnemonic seed securely.
It is recommended to store it physically; never in a digital format or as a screenshot.
Never share this seed phrase with anyone, as they will have access to your funds.
A lost mnemonic seed phrase cannot be recovered.
Anyone with your mnemonic seed phrase can take control of your assets.
Next, enter an account name and a password to lock and unlock your wallet. You will be asked for the mnemonic again.
Enter the 12 or 24 words in order and case sensitive (all lower case).
This is to make sure you remember the mnemonic and confirm that you wrote it down correctly.
After verifying your 12 or 24-word phrase, you will be prompted to select any other Cosmos Hub networks you'd like to add to your wallet.
No need to add any other networks if you don't plan on using them yet. You can always select more networks later.
However, it is advisable to have 'Cosmos Hub' selected when creating your new wallet.
Once you've selected the relevant networks you want to use, click 'Save' and you'll be all set to go.
Regardless of whether you already have a wallet or if you just created it, you can now click on the Keplr extension to view your address or visit https://wallet.keplr.app/?tab=overview to see your full Keplr dashboard.
If you don't already have some AXL in your wallet, you can fund it with some tokens. You may use an exchange to transfer the tokens to your address or get them from a trusted third party that already holds some.
If you want to stake from the browser extension wallet, you can either navigate to the Keplr dashboard (shown below) or scroll down on the wallet screen and select AXL.
Alternatively, you can connect Keplr to the Mintscan explorer and stake to the Chorus One validator at this address: axelarvaloper16pj5gljqnqs0ajxakccfjhu05yczp987zac7km
Next, you will be prompted to stake.
Once you are on the Keplr dashboard, to stake, click on the 'Stake' tab on the left-hand side of the dashboard.
Once there, you will see three steps highlighted in the pink box in the screenshot below.
Scroll through the list or search for the chain you want, in this case AXL.
Once you've chosen the Chorus One validator, select how much AXL you wish to stake, then click the 'Stake' button at the bottom of the screen.
Clicking on Stake will take you to the Keplr wallet for approval. Approve the transaction, and you will be able to see your stake.
Next, you will likely be returned to the dashboard interface for AXL and see a screen similar to the following.
Please note that AXL has a 21-day unbonding process (also known as unstaking).
During this period, your stake no longer earns rewards and cannot be transferred, exchanged, or spent.
However, you can cancel the unstaking process if you wish without penalty.
After some time, you will see rewards accumulating in your wallet.
You can simply go to the Keplr dashboard to claim them by selecting 'Claim' and approving the transaction.
If you wish to unstake your AXL, you can do so from the same interface in Keplr that you used to stake.
Simply click on the validator you wish to unstake from, and you will be prompted with the following screen.
Please note that AXL undergoes a 21-day unbonding period when unstaking.
To proceed, click on 'Unstake' and follow the prompts to select the amount of AXL you wish to unstake.
Then confirm and sign the transaction in your wallet.
And that's it! Your AXL will begin unbonding, which you can track from your Keplr dashboard under the Staking tab.
You can view and manage all ongoing unstaking transactions (undelegations) from your Keplr dashboard and cancel them if you change your mind.
After the unbonding period is complete, you will be able to transact with your unstaked AXL again!
