Staking on Avalanche: A Beginner's Guide to Delegating AVAX with Core Wallet

In this video, we'll break down the process of staking AVAX using the Core Wallet on the Avalanche network. Whether you’re new to staking or just looking for an easy-to-follow guide, this video has got you covered!

What You’ll Learn:

1. Introduction to Staking: Understand what staking is and the basics of proof-of-stake networks.
2. Validator vs. Delegator: Learn the difference between running your own validator node (requires 2,000 AVAX) and delegating your tokens to a validator (requires 25 AVAX).
3. Benefits of Staking: Discover the financial incentives and network security benefits of staking your AVAX tokens.
4. Risks to Consider: Be aware of liquidity risks and the importance of choosing a reliable validator. Unlike some networks, Avalanche does not have slashing penalties.
5. Step-by-Step Staking Process: Follow along as I guide you through moving your AVAX to the P-Chain, selecting a validator, and staking your tokens using Core Wallet.
6. Additional Tips: Learn how to check validator uptime and fees to make informed decisions.

Disclaimer: This video is for educational purposes and is not financial advice. Please do your own research before making any investment decisions.

Timestamps
00:00 Introduction to Staking Assets on the Avalanche Network
00:30 Validator vs. Delegator: Understanding the Two Ways to Stake
01:27 Requirements for Validators and Delegators
01:54 Benefits of Staking Assets on the Avalanche Network
02:23 Risks of Staking Assets on the Avalanche Network
03:17 Trusting Your Validator
04:13 Transferring Funds to the P Chain
06:32 Choosing a Validator for Delegation
09:00 Setting the Duration of Delegation

Connect with us on X (Twitter):
- ⁠⁠⁠⁠@2SixMedia⁠⁠⁠⁠ - https://x.com/2SixMedia
- ⁠⁠⁠⁠@Luke152⁠⁠⁠⁠ - https://x.com/luke152
- ⁠⁠⁠⁠@realtorAdrian⁠⁠⁠⁠ - https://x.com/realtorAdrian