Axelar (AXL), launched in 2022, is a Proof-of-Stake blockchain built to connect disparate blockchain networks, much like "Stripe for web3." It enables decentralized applications and users to seamlessly interact with assets and logic across any connected chain.
Beyond simple bridges, Axelar offers "General Message Passing" for complex cross-chain interactions and features like the Interchain Token Service for native asset movement, aiming to provide a secure and scalable interoperability layer for the interconnected future of Web3.
By staking to an FCS node, you agree to the Finoa Consensus Services Terms and Conditions.
Staking on Axelar involves delegating AXL to validators that secure the cross-chain communication network. Rewards are funded by inflation and network fees.
Staking earns additional AXL while supporting Axelar’s bridging infrastructure. Primary risks are validator slashing for downtime or double-signing and AXL price volatility.
After undelegation, AXL is locked for 21 days before it can be moved.
Rewards from inflation and fees accrue each block, remain unclaimed until you withdraw them, and may then be re-staked for compounding.