Introduction:

Avalanche is an open-sourced and smart contracts compatible platform created to develop decentralized applications (dApps) and enterprise blockchain protocols.

In this guide, we’ll show you how to delegate your $AVAX tokens with Luganodes and start earning rewards in a few simple steps.

Validator Details:

Validator Name: Luganodes

Validator Node ID: NodeID-95rcDYyjGNKckKCF8PKuTyEV1wxkQvP3n

Blockchain Explorer Link for the Validator: https://avascan.info/staking/validator/NodeID-95rcDYyjGNKckKCF8PKuTyEV1wxkQvP3n

Unbonding Period:

• Unbonding period is a timeframe in which the funds are locked when you unstake
• The minimum amount of time one has to stake funds for delegation is 2 weeks

Step-by-Step Staking Guide:

Step 1 — Set up your AVAX Wallet

• First, you need a Core wallet which is the native wallet for Avalanche.
• Create a new wallet or access your existing wallet by installing the Chrome extension

• Once the extension is installed and your wallet is created, connect it to the Core.app website

• Deposit AVAX to your wallet by clicking on receive in the top right corner and sending the tokens to the mentioned address.
• Please make sure that you add more than 25.1 AVAX (25 AVAX is the minimum amount required for staking Avalanche, plus about 0.1 to compensate for transaction fees)

Step 2— Cross-Chain transfer

• As you may know, Avalanche’s architecture is based on subnets, customizable networks secured by sets of validators. The core subnet is called the Primary Network that consists of three task-specific blockchains:
• The Exchange Chain (X-Chain): where AVAX is generated and exchanged for other assets.
• The Platform Chain (P-Chain): that is used to coordinate validators and create subnets.
• The Contract Chain (C-Chain): where developers create smart contracts for decentralized apps.
• Transfer the Avalanche Amount You Want to Stake from the C/X-Chain to the P-Chain since staking happens on the P-chain(if you are already holding your tokens on the P-chain you can skip this step)
• Under the Stake Tab click on Cross-Chain Transfer

• Make sure the Source Chain is C/X and the Destination Chain is P
• Enter the amount of tokens you wish to transfer
• You will be prompted to sign 2 separate transactions: one export, followed by one import

• Confirm the transactions and you have successfully transferred your tokens to the P-chain

Step 3— Stake AVAX

• Click on the Stake section and then click on the Delegate button(make sure your wallet is still connected).

• Click on Get Started

• Enter the amount of AVAX tokens you wish to stake and click on 'Next'(remember the minimum tokens required to stake is 25 AVAX)

• Click on the 'Enter Node ID' search bar and paste the Node ID of our Luganodes Validator: NodeID-95rcDYyjGNKckKCF8PKuTyEV1wxkQvP3n

• Select the node and click on 'Next'

• Choose the duration you wish to stake for and click on 'Next'

• Choose the wallet address that you would wish to receive the Staking rewards on and click on 'Next'

• Finally, on the Summary page, review and confirm all the details of your transaction

• Once you’ve verified all the staking parameters (which can’t be changed later), hit 'Submit Delegation'

• Click on Approve and finalize your transaction

• Congratulations you have successfully Staked your AVAX tokens with Luganodes.
• You can find your current delegations under the Active Stakes Section under the Portfolio Tab

Unstaking:

• Note that once you issue the transaction to add your stake to a delegator, there is no way to change the parameters. You can’t remove your stake early or change the stake amount, node ID, or reward address
• Once your unstaking period (Staking End Date you entered during the delegation process) is over, you can log into your wallet and withdraw your stake

For more details head over to AVAX docs or reach out to us on Twitter

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.