Avalanche How to delegate your AVAX using Avalanche wallet

<p>Avalabs has just launched its main network so AVAX holders can now participate in staking and earn rewards.</p><blockquote><em><em>Please keep in mind that the data in the screenshots are taken from the test network.</em></em></blockquote><h2 id="what-do-i-need-to-do-to-start-delegating-my-avax"><strong>What do I need to do to start delegating my AVAX?</strong></h2><p>At the time of writing the only known wallet that will support AVAX delegation immediately after Everest starts is the official Avalanche wallet. If you participated in the public sale of Avalanche tokens, you might already have a wallet and certain amount of AVAX (that also could be delegated despite it's locked up) if not, you need to create the wallet first.</p><h2 id="create-your-avalanche-wallet"><strong>Create your Avalanche wallet</strong></h2><ol><li>Go to the <a href="https://wallet.avax.network/">https://wallet.avax.network/</a></li><li>Choose the <code>Create new wallet</code> option.</li><li>Generate a 24 word key phrase for your wallet. Please be very careful since this phrase is the only way to keep control of your AVAX.</li><li>Once the wallet is ready you can deposit AVAX to start delegation.</li></ol><p><em>We recommend using the keystore file which is an encrypted version of a private key protected by your password, since it’s secure and convenient to use.</em></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-17.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-17.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-17.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/1-17.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/1-17.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="delegate-your-avax-to-a-validator"><strong>Delegate your AVAX to a validator</strong></h2><p>1. Open your wallet using the key phrase or keystore file.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-21.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-21.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-21.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2-21.png 1600w, https://economy.p2p.org/content/images/2020/09/2-21.png 1654w" sizes="(min-width: 720px) 720px"></figure><p>2. Check whether you are connected to the main network called "Manhattan".</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/Screen-Shot-2020-09-22-at-10.36.48.png" class="kg-image" alt></figure><p>3. Check the balance. You will find the amount of available funds in the asset list on the <code>Portfolio</code> tab.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-13.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-13.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-13.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/4-13.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/4-13.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>4. Go to the <code>Earn</code> tab and use <code>Cross Chain Transfer</code> to send the necessary amount of AVAX to the Platform chain (P-Chain) to make the delegation possible. Please keep in mind that the minimum amount for delegation is 25 AVAX.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-7.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-7.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-7.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5-7.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/5-7.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>5. Once you see the correct amount of AVAX under the P-Chain, you can proceed with the delegation by clicking the <code>Add Delegator</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/6-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/6-4.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/6-4.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/6-4.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/6-4.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>6. Now you have to choose a pool to delegate with. To stake with P2P just copy the Node ID and paste it in the search field.<br><br><strong>Node ID:</strong> <code>NodeID-7CCynVtyQVRBTCjzpfrsrSuaCTjXw7o3G</code> <br><strong>Delegation Fee:</strong> 8%<br><strong>End time</strong>: Sun, Dec 20, 2020<br><strong>Saturation point:</strong> 3M AVAX <br>Where saturation point is the total amount of stake that the node can accept.</p><p>7. Click the <code>Select</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/71.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/71.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/71.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/71.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/71.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>8. On the next page, specify the staking period, staking amount and rewards address. You will see the possible rewards by changing the amount and/or period.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/8-6.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/8-6.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/8-6.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/8-6.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/8-6.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>9. Click <code>Confirm</code> and check the stake parameters again.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/9-7.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/9-7.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/9-7.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/9-7.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/9-7.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>10. Finally, click the <code>Submit</code> button. You will get a success message.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/10-5.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/10-5.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/10-5.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/10-5.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/10-5.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="how-to-track-the-delegated-stake"><strong>How to track the delegated stake?</strong></h2><p>There is a "Estimated Rewards" tab in the Avalanche web wallet that shows your delegation history. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/image-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/image-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/image-2.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/image-2.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/image-2.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="why-p2p"><strong>Why P2P?</strong></h2><ul><li><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise.</li><li>We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong><strong>250 million of USD</strong></strong> value. At the time of publishing, P2P Validator is <strong><strong>trusted by over 2400 delegators</strong></strong> across 15+ networks.</li><li>We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</li><li>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</li></ul><hr><p><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</em></p><hr><p><strong><strong>Web:</strong></strong> <a href="https://p2p.org/">https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong> <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Slava Yanchuk

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