Avalanche Staking

What is Avalanche?

Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains.

Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets. (Source: CoinGecko.com)

Avalanche is built by Avalabs.

Why?

1. Stake your crypto to earn rewards (Proof Of Stake Blockchain nodes)

2. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.

Who?

You can use the Avado all-in-one package when:

• you want to stake AVAX tokens as a delegator or a validator

• you want to run an Avalanche Node

• use the Avalanche web wallet

Financials

You’ll need a minimum of 2000 AVAX tokens to start a validator. Current value.

If you do have some AVAX tokens (minimum 25 AVAX tokens), but less than the required minimum of 2000, you can alwasy delegate these tokens to an existing validator with this same package. Contact that trusted party.

Setting up Avalanche node

How to install and run it:

1. Go to: “DAppStore” > Other P.o.S. Nodes

2. Select: “Avalanche Staking”

1. A new screen will show

2. Click the “INSTALL” -button

3. Wait … (a bit) > “OK - Starting download” > “adding avalanchego…” Let the installer do the work.

4. You’re all set!

5. Depending on your computing power and bandwidth, it may take a while to bootstrap and sync. Please be patient while the Avado does the heavy lifting.

Use the Core Wallet and Stake UI

Now that your Node is running you need to add your NODE ID to a Wallet and start staking.

For this you will need to install the chrome extension of Core in your browser: https://chromewebstore.google.com/detail/core-crypto-wallet-nft-ex/agoakfejjabomempkjlepdflaleeobhb

Make sure the Core extension is connected to Core web and navigate to Stake (https://core.app/stake/)

Please follow this documentation from AVAX on how to start Staking: https://support.avax.network/en/articles/8117267-core-web-how-do-i-validate-in-core-stake

Double check

1. Check the logs of this package to check if everything is working.

2. Click on “show node logs”.

3. Scroll down. You should see no errors.

Editing the information after installation

1. Go to “DappStore”

2. Select “Avalanche node”

3. Click on “DETAILS”

4. Click on “CONFIGURE PACKAGE" > to view the Node Info

5. OR Click on “MANAGE PACKAGE" > e.g. to view the logs

More information

• https://www.avalabs.org/
• https://docs.avax.network/ : avalanche documentation
• https://explorer.avax.network/validators : avalanche active validators