As a Validator you use the Wallet Keys to access the address from which you send the staking transaction. Your EGLD holdings leave this address and are deposited into a staking smart contract. Rewards are sent to this address. You can change it later on by using a
This wallet is the only one that can be used to send an un-stake transaction, meaning to recover your 2500 EGLD from the staking smart contract.
You can create a new Wallet Key at https://wallet.elrond.com. The resulting file(s) will have the default name
<wallet address>.json, for example:
You can rename the file to something easy to remember. You can retrieve the address from the file by editing it with a text editor. Open it and look for the
bech32 address, which always starts with
The wallets use the bip44 standard with the mention that because Elrond uses Ed25519 only hardened paths are used. Our coin_type is 508, making the path for the first address:m/44'/508'/0'/0'/0’