# AXM Staking

<div data-full-width="true"><figure><img src="/files/u2hdiYyjlhYeADME70SB" alt=""><figcaption></figcaption></figure></div>

DPoS (Delegated Proof of Stake) delegation is a mechanism for securely transferring (locking) your AXM in a validator’s stake. This mechanism was developed for the following purposes:

* Strengthening the stability of Axiome Chain. The more AXM is locked, the harder it is to influence consensus.
* Mining new AXM - ✅ Completed
* Providing the community with an attractive source of rewards.
* Reducing the circulation of free coins.

## Types of rewards

There are two types of staking rewards:

### 1. Share of Community Pool income

With the development of the Axiome ecosystem, the Community Pool will become one of the most attractive ways of generating profit in the cryptocurrency market.

This solution is an exceptionally effective method of rewarding stakers with multiple liquid rewards at once.

**The method of distributing the pool’s profit is extremely simple:**

1. Just go to the block explorer.
2. Open the Community Pool section.
3. Connect your wallet.
4. Claim your accumulated rewards with a single click!

{% hint style="info" %}
Read more about what the Community Pool is [here](/axiome-chain/community-pool.md).
{% endhint %}

### **2. Share of network fees**

All transactions in Axiome Chain require a fee paid to validators for execution. 30% of the collected fees are burned, and the remaining amount is distributed as follows: 70% to the validator’s delegators and 30% to the validator itself for maintaining and improving its node.

{% hint style="info" %}
**Example:**

The total fee from all transactions included in a block amounted to 100 AXM. 30% (30 AXM) is immediately burned.

Seven validators participated in signing the block, splitting the remaining fee equally (10 AXM each).

You delegated 200 AXM to one of these validators, while the validator’s total stake is 1,000 AXM. Thus, your share in the validator’s stake is 20%. This means your reward is 20% of the fees collected by the validator, minus the validator’s 30% commission.

Result: (10 – 30%)\* 0.2 = 1.4 AXM.
{% endhint %}

{% hint style="warning" %}

* Choose reliable validators. If a validator misses a block, you won’t earn rewards for that block.
* In the [block explorer](https://axiomechain.org/validators), pay attention to the **Uptime** indicator. The higher this indicator, the more stable the validator.
* Delegate to multiple validators to minimize the risk of missing out on rewards.
  {% endhint %}

***

***

## How to delegate AXM?

**Step 1.** In the Axiome Wallet mobile app, go to the “Staking” tab and open the “AXM Staking” section.

<div align="left"><figure><img src="/files/ybWlrLirik6NApUpHoqJ" alt="" width="375"><figcaption></figcaption></figure></div>

**Step 2.** Click the “Delegate” button.

<div align="left" data-full-width="false"><figure><img src="/files/Xh0xrjsvpgL3g1PIdrsH" alt="" width="375"><figcaption></figcaption></figure></div>

**Step 3.** Choose a validator, specify the amount and click “Confirm.” Your AXM will be transferred from your wallet to the stake of the chosen validator.

<div align="left"><figure><img src="/files/8qsRgOlmVzCwT3uxSJLF" alt="" width="375"><figcaption></figcaption></figure></div>

***

## Where do delegation rewards go?

All delegation rewards accumulate in the same section (AXM Staking) under the “Delegated” card. Click “Claim” to transfer rewards to your wallet.

<div align="left"><figure><img src="/files/yCWN1HDPk1CdmO1mMHuu" alt="" width="375"><figcaption></figcaption></figure></div>

***

## How to undelegate AXM?

**Step 1.** Go to the “AXM Staking” section and click the “Undelegate” button.

<div align="left"><figure><img src="/files/yiNZXcEu6fyN8aNQ5vzj" alt="" width="375"><figcaption></figcaption></figure></div>

**Step 2.** Select the validator and enter the amount for undelegation. Then click “Confirm.”

<div align="left"><figure><img src="/files/ZlHU7EByg3nMNAtL4pCy" alt="" width="375"><figcaption></figcaption></figure></div>

{% hint style="info" %}
After 30 days, your AXM will be moved back to your wallet minus a 10% burn fee.
{% endhint %}

{% hint style="warning" %}
You can have a maximum of 7 active undelegations within a single validator.
{% endhint %}

***

## How to cancel undelegation?

If you cancel an active undelegation before it is completed, your AXM will return to the validator’s stake, and the 10% burn will not occur.

**Step 1.** Find the transaction titled “Initiating Undelegation” in your AXM wallet’s transaction history.

<div align="left"><figure><img src="/files/klRRTtNQN1nQA3SGGYTt" alt="" width="375"><figcaption></figcaption></figure></div>

**Step 2.** Click on this transaction and in the pop-up window, press the “Cancel” button.

<div align="left"><figure><img src="/files/qucqHIC51L5ePILkE1mO" alt="" width="375"><figcaption></figcaption></figure></div>

**Step 3.** Refresh the page, find the same “Initiating Undelegation” transaction again, and make sure there is a red cross next to the amount, confirming that the undelegation was canceled and the AXM returned to the validator’s stake. You will also see a new transaction appear in your history: “Cancel Undelegation”.

<div align="left"><figure><img src="/files/HTnJ5vjQm08L6FhdfkIK" alt="" width="375"><figcaption></figcaption></figure></div>

{% hint style="success" %}
Canceling undelegation resumes rewards on your AXM.
{% endhint %}


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