Users can now easily select precise Avalanche validators and delegate AVAX on-the-go
In the dynamic world of DeFi, staking your AVAX should be simple and direct. Core wallet for iOS and Android delivers just that with its new feature, Stake. Stake provides newbies and DeFi veterans the fastest and most seamless way to interact with the Avalanche network on-the-go.
How Stake Improves Token Staking
Stake in Core mobile provides a simple interface to stake on Avalanche. It takes advantage of the protocol’s native delegation to allow users to participate directly on the Avalanche network without navigating complex processes or technical jargon.
What Is Staking?
Staking is an essential part of proof-of-stake (PoS) Sybil resistance mechanisms used by many blockchain networks, including Avalanche. Users secure the network by locking up the value of their tokens and receive rewards in return.
Validators and delegators maintain the network by staking tokens. Validators run their own nodes and receive rewards directly from the network. They must put up a minimum of 2,000 AVAX, maintain hardware, and be active on the blockchain. In order to foster broad participation, delegators who stake their AVAX with validators (also referred to as “delegation”) may also participate in consensus by staking as little as 25 AVAX and receiving a portion of rewards received by the validator.
Stake in Core mobile makes delegation easy and accessible. It’s built for everyone — from those new to Avalanche to experienced users needing a convenient and efficient way to stake AVAX.
Stake’s Key Features
Stake is also a true self-custody solution. You maintain complete control over your assets at all times, eliminating intermediaries and extra fees.
Staking is straightforward, just three taps away on Core mobile. You can start with as little as 25 AVAX to delegate.
Advanced users will also love Stake in Core mobile because its intuitive UI also contains an advanced user flow, allowing you to set predefined parameters to suit your staking needs, such as filtering validators by delegation fees and uptimes.
What’s the Difference Between Stake Mobile and Web?
The range of features. Stake in Core mobile focuses primarily on enabling users to delegate AVAX. Stake in Core web allows for both delegating and validating on Avalanche. It offers a more comprehensive experience with additional control and info, making it ideal for power users who want to strategically participate in the network.
How to Get Started with Stake in Core Mobile
To begin using Stake, download Core wallet on the Apple App Store or Google Play Store.
Follow the simple setup instructions. Once you have at least 25 AVAX in your Core wallet, you’re ready to start staking.
Enter your staking amount
Select how long you’d like to stake
Confirm your staking details
Use the built-in dashboard to check on your stakes
Ava Labs team is committed to developing the most seamless tools for Web3. We hope the community enjoys the newly introduced Stake feature in Core mobile, and we invite you to share your feedback.
About Core
Core is Avalanche’s native wallet and portfolio, built by Ava Labs. Available as a comprehensive suite on iOS, Android, as a Chrome Extension, and as a desktop app at core.app. Core provides access to the Avalanche Bridge, Subnets, Development Tools, Staking, and Discover, the official directory for Avalanche projects. Supporting Bitcoin, Ethereum, and any EVM chain, you can create a Core self-custody wallet simply using your Gmail or Apple ID.
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This post is provided for informational purposes only, without representation, warranty, or guarantee of any kind. Nothing contained herein is an offer to sell or solicitation of an offer to buy any security or other regulated financial instrument. None of the information is intended to be an endorsement by Ava Labs, Inc., the Avalanche Foundation Limited or any of their respective subsidiaries or affiliates, nor is any of this investment, financial, accounting, tax, legal, or other advice; please consult your own professionals. Please review this Notice and conduct your own research before connecting to or interacting with any project, dapp, third party or conducting any transactions. Memecoins are offered by third parties and may be subject to terms between you and those third parties. Notwithstanding the foregoing, your use of Core feature is subject to these Terms of Use, so please be sure to read them.
