Sui is a decentralized delegated proof-of-stake blockchain designed for horizontally scalable throughput with competitive speeds at low costs. The protocol leverages Move, a security-focused programming language with modular architecture, enabling parallel execution and scalability without complicating node operations.
Key Staking Considerations:
- Automatic rewards: Distributed every 24-hour epoch.
- No slashing: Currently not enabled on the network.
- Instant unbonding: Flexibility to unstake without delays.
- Auto-compounding: Rewards reinvested automatically each epoch.
How to Stake SUI Tokens
This guide uses the Sui Wallet by Mysten Labs—a non-custodial wallet requiring users to secure their mnemonic phrase and password.
Step-by-Step Staking Process:
- Install the Wallet
Visit the Chrome Web Store to add the Sui Wallet extension to your browser. Create a New Wallet
- Click “+ Create a New Wallet.”
- Set a strong password (store it securely).
Backup Your Seed Phrase
- Save the 12-word recovery phrase offline. This is essential for fund recovery.
Fund Your Wallet
- Copy your wallet address and transfer SUI tokens to it.
Initiate Staking
- Click “Stake & Earn SUI” in the wallet interface.
- Select a validator (e.g., Figment) and review staking metrics.
- Enter the amount to stake and confirm with “Stake Now.”
- Confirmation
Once the transaction processes, your staked balance and rewards rate will display on the wallet homepage.
Why Stake with Figment?
Figment provides institutional-grade staking infrastructure, serving 200+ clients worldwide. Our Sui protocol experts ensure secure and optimized staking rewards.
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FAQ
Q: How often are staking rewards distributed?
A: Rewards are distributed automatically every 24-hour epoch.
Q: Is there a risk of slashing?
A: Currently, slashing is not enabled on the Sui network.
Q: How long does unbonding take?
A: Unbonding is instant, providing immediate liquidity.
Q: Can I compound my rewards?
A: Yes, rewards are auto-compounded each epoch.
Disclaimer: This content is for informational purposes only and does not constitute legal, financial, or investment advice.