Explore the Avalanche Ecosystem

Steakwallet allows you to dive deep into the world of Avalanche...

Last updated on March 1, 2022

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Steakwallet allows you to dive deep into the world of Avalanche. The Avalanche Explore center is your window into the Avalanche ecosystem – it's the place where you can come to interact with your favorite dApps, explore new opportunities, and check in on the latest, as we showcase the hottest projects and alternative opportunities across the Avalanche network.

 

Launched in 2020 by AvaLabs, Avalanche (AVAX) is a smart contract-capable blockchain platform focused on transaction speed, low costs, and eco-friendliness. Ultimately, what Avalanche hopes to deliver is a highly scalable blockchain that doesn’t sacrifice decentralization or security. Its native token AVAX is a utility token and serves as the Avalanche ecosystem’s medium of exchange and as currency within the network, typically for fee collection in transactions and incentives. It is also used for staking AVAX, which serves to secure the network.

 

FAQs

How do you send Avalanche tokens into Steakwallet?

Steakwallet supports the management (and native staking) of AVAX tokens. To send assets into your Steakwallet, navigate to the home screen and click on the asset you want to send. Once you select the token and are taken to that token screen, click Receive to access your wallet address. Next, select Copy address, or alternatively use the QR code to scan your wallet address, and send your tokens over from an exchange, another wallet, or wherever they are held. Congratulations, you're now using the best mobile wallet to manage your tokens! 🤝

How do you send Avalanche tokens out of Steakwallet?

If you need to send assets out of Steakwallet, navigate to that token screen and click on Send. Input the amount you would like to send (you can view the amount either in the native asset or in your preferred fiat currency) and select Next. If the transfer is subject to fees, note the network fee and total balance of the transaction. Next, input the Recipient address.

Please make sure that you are sending the funds to the correct wallet address. If you mistakingly send your funds to the wrong address or to a different network, you may lose all amounts sent.

Input a Memo if need be or you so desire, and then click Next. You'll be taken to a final confirmation screen and presented with an overview of the transaction. If all of the information looks correct, hit Send. That's it!

How do you stake AVAX?

On the particular token screen of the asset which you want to stake, scroll down slightly to the Currently earning section and click on the Native staking card that gives an overview of the staking semantics (current APR, projected 5-day ROI, and any amount currently staked). Once you click on the card, you will be taken to the hub for staking that token. Click on Stake, read through and familiarize yourself with the basics on staking that token, and hit Let's go. Use the slide bar to select how much of your balance you would like to stake (alternatively, you can hit the percentage buttons to automatically select 25%50%, or Max of your funds). Take a look at the estimated annual return on that amount and any network fees associated with the transaction, and click Next. You'll be taken to a final confirmation screen and presented with an overview of the transaction. If all of the information looks correct, hit Confirm Stake and voilà!

For more information on staking, check out our step-by-step staking guide below.

How do you claim AVAX staking rewards?
 
How do you unstake AVAX?

If you'd like to unstake your assets, navigate to the given token staking screen and select Unstake and then Let's go. Please note that when you unstake your assets, you will be subject to an unbonding period in which you will not be able to use your tokens. Use the slide bar to select how much of your balance you would like to unstake (alternatively, you can hit the percentage buttons to automatically select 25%50%, or Max of your funds). Take a look at the associated network fee and click Next. You'll be taken to a final confirmation screen and presented with an overview of the transaction. If all of the information looks correct, hit Confirm Unstake and your funds will begin to unbond.

What is the minimum amount needed to stake AVAX?

The minimum amount of AVAX you are able to stake is 25 AVAX.

 

Staking Guides

 

Check out what’s new in the world of Avalanche on Steakwallet

 

Support

If you have need support or have questions for us, you can reach out to support@steakwallet.fi or join our Discord (and send a shout in our #support channel) to immediately connect with team members.

 

 
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