Avalanche (AVAX) staking guide on Coinbase Prime

Ability to stake when using the following entity:

• Coinbase Custody Trust Company, LLC: Yes

• Coinbase Custody International, Ltd.: Yes

• Coinbase Germany GmBH: Yes

• Validator types that you can use to stake asset on Coinbase Prime:

  • Coinbase Developer Platform public validator: No

  • Coinbase Developer Platform dedicated validator: Yes

• Active set minimum requirement (Validator Min.): 2000 AVAX
  - visit www.stakingrewards.com* for current estimated requirements.

• Staking maximum: 3M AVAX, per wallet and per validator. Clients may distribute AVAX across multiple wallets and validators to surpass this limit.

You will need to fill out 3 fields within Coinbase Prime when initiating the AVAX staking request:

1. Node ID (Validator Address that has “NodeID-” as the prefix)

2. Proof of Possession

3. Public Key

This information will be disclosed by your node provider. If you have your Node ID, you can also obtain your Proof of Possession and Public Key by using this query from Avalanche. To prevent rogue public-key attacks, you must include proof that you control this key when setting up your validator by signing a standard message (called a Proof-of-Possession).

*Third-party website provided for information only. Coinbase hasn't verified and doesn't guarantee the accuracy of information, including minimum requirements, staking maximums, and reward rates, provided on www.stakingrewards.com.

• Estimated rewards rate: 9% - rewards rates vary depending on staking period - visit www.stakingrewards.com* for current estimated reward rates

• Estimated reward payout: 1 to 2 days following the conclusion of staking period - rewards may not settle in specified account for an additional duration depending on network conditions 

• Reward compound: None

*Third-party website provided for information only. Coinbase hasn't verified and doesn't guarantee the accuracy of information, including minimum requirements, staking maximums, and reward rates, provided on www.stakingrewards.com.

• Warm up period: None, but please allow 1-3 days to fully process the transfer from C chain to P chain and the staking transaction

• Bonding/Unbonding period: None, but please allow 1-2 days to fully process the transfer from P chain back to C chain so your funds become withdrawable 

Staking Functionality:

• Ability to un-stake assets: Not possible until staking period is up, then funds will become automatically unstaked

• Can you withdraw part of staked assets (or must you withdraw all):  Cannot withdraw until the staking period is up

• Ability to change staking amounts: No

• Ability to change validator without un-bonding and restaking: No

• Ability to add new principal funds to a staked wallet: Yes, but these funds will not be staked

• Partial wallet amounts allowed to stake: No 

• Ability to stake to multiple validator addresses: No

Fees charged when using the following validator types:

Coinbase Developer Platform dedicated validator: Subscription, participatory, and service fee vary. Reach out to your Account Manager or Prime Operations team for more information

• Consensus requirements: General consensus approvals required for all staking activities.

• The longer staking duration you choose, the higher rewards rate you may earn.