Stake for Sui
1 Overview
Staking SUI tokens on the Sui allows users to earn staking rewards through the proof-of-stake (PoS) consensus mechanism. When a user stakes their tokens, they are essentially locking them up in order to help secure the network and validate transactions. In return, they receive a share of the transaction fees generated on the network, which is paid out in the form of staking rewards. These rewards are distributed to stakers on a regular basis, typically every week or month.
The staking information is highlighted in the table below:
Minimum Staking Amount | 1 SUI. |
Rewards Distribution | You need to claim the rewards to your wallet upon unstaking. |
Unbonding Period | No unbonding period. Please note that Sui may implement unbonding period after Sui Staking v3. |
Compounding | No auto compounding. |
2 Stake
Before you can start staking SUI, you will need to download the Sui Wallet Chrome extension. This extension allows you to securely manage your SUI tokens and interact with the Sui network.
Navigate to Safe Stake on your InfStones dashboard and click Stake Now
button.
Select Sui
and confirm that you want to stake on the InfStones Sui Validator Node
.
Click Sui Wallet
to connect your wallet.
Once your wallet is connected, you should see your address and total available balance displayed. The next step is to enter the amount of SUI you want to stake, as shown below.
After entering the amount of SUI you want to stake, click Stake and approve the transaction in your Sui wallet. Once you've approved it, a new popup will appear, confirming the success of the stake.
3 Claim Reward
According to Sui staking mechanism, you need unstake your staked SUI tokens to claim your staking rewards to your wallet.
4 Unstake
To unstake your SUI tokens, go to detail page, click Unstake
button as shown below.
Next, connect your wallet and select the token you want to unstake. Ensure that the wallet youโre connecting with is the same one you used when staking your tokens initially; otherwise, youโll receive an error message.
Click Unstake
button and verify the transaction in your connected wallet to complete the process.
The reward will be claimed in your wallet together with the unstaked tokens.
5 Stake and Reward History
InfStones now provides an intuitive analytics feature that lets you easily access your stake, unstake, and reward histories. This feature is especially helpful for users who want to monitor their staking activity and track their rewards over time.
Updated 9 months ago