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How to Native Stake SUI: Complete Guide Using SLUSH Wallet
Native staking on the Sui blockchain offers crypto holders a straightforward way to earn passive income while contributing to network security. In this guide, we’ll walk you through the entire process of staking $SUI tokens using Slush wallet.
What is Native Staking on Sui?
Native staking involves locking your SUI tokens directly on the blockchain through validators to help secure the network. Unlike liquid staking, native staking requires a 24-hour unbonding period but offers direct participation in the network’s consensus mechanism and potential future airdrops.
Benefits of Native Staking SUI with Slush Wallet
Staking SUI through Slush wallet offers several benefits, both for individual investors and the broader Sui network…
Earn Staking Rewards in $SUI
Staking SUI allows you to earn rewards in the form of additional $SUI tokens. Annual Percentage Yields (APYs) vary by validator, ranging from 2% to 8.25% depending on the staking provider.
Sui Network Security Contribution
By staking SUI, you contribute to the security and efficiency of the Sui blockchain, which uses a Delegated Proof-of-Stake (DPoS) consensus mechanism. Your staked tokens help validators process transactions and maintain the network, enhancing its decentralization and stability.
Potential Governance Participation
SUI token holders who stake gain governance rights, allowing them to vote on network upgrades and proposals. This gives native SUI stakers a voice in the future development of the Sui ecosystem.
Low Entry Barrier
Staking SUI is accessible, with low minimum requirements. You can stake just 1 SUI which makes it beginner-friendly and inclusive for users with smaller holdings.
Potential Future Rewards
While not confirmed, native staking wallets on new Layer 1 blockchains like Sui often qualify for future airdrops and rewards. Historical examples from other networks like Sei suggest that early native stakers may benefit from additional token distributions.
Native Staking SUI vs. Liquid Staking SUI
There are two different ways you can stake Sui, native and liquid. Both methods earn staking rewards but each have specific use cases as described below.
Native Staking SUI Pros and Cons
- Pro: Direct participation in securing the Sui network
- Pro: Potentially higher rewards than liquid staking
- Pro: Potential qualifier for future Sui airdrops
- Con: $SUI is locked while staking so you cannot use it on DeFi protocols like Momentum DEX or Aftermath Finance
- Con: 24-hour unbonding period to get your $SUI back
Liquid Staking SUI Pros and Cons
Liquid staking on Sui allows users to stake SUI tokens while maintaining liquidity through derivative tokens (Liquid Staking Tokens or LSTs) that can be used in DeFi applications. Below are the pros and cons of liquid staking $SUI.
- Pro: Receive liquid staking tokens (like Volo vSUI) which you can use on Sui DeFi protocols to earn yield on yield
- Pro: Instant unlock / no unbonding period
- Pro: Potential to qualify for protocol specific airdrops (e.g. Haedal airdropped their token to haSUI holders)
- Con: Additional smart contract risks,
- Con: Slightly different reward structure
Below are some of the best options for liquid staking your $SUI:
- Volo Finance: Stake SUI, receive vSUI which also qualifies you for future VOLO airdrop
- Aftermath Finance: Their liquid staking token is: afSUI and they have a future token airdrop
- Haedal: Stake SUI on Haedal and receive their LST haSUI
- SpringSui: sSUI is the liquid staking token for SpringSui and is the product of top Sui DeFi protocols Suilend
Each liquid staking provider offers different features and integrations with DeFi protocols on Sui.
Step-by-Step Guide: How to Native Stake SUI with SLUSH Wallet
Native staking $SUI through Slush wallet is easy. The amount of SUI you choose to stake depends on your strategy. My goal is to make sure my Slush wallet is in position to qualify for potential future airdrops so I didn’t stake a large amount of SUI. Securing the Sui network and qualifying for airdrops for me is priority over staking rewards yield. For others, yield might be their top priority and so they native stake large amounts of SUI tokens. No matter if you have just 1 or 10,000 Sui, native staking is a good idea either way. Follow the steps below to stake SUI natively through Slush wallet.
- Open SLUSH Wallet
- Click on the piggy bank icon
- Scroll to the bottom where you’ll see “Start Native Staking”
- Choose a Sui Validator
- There are over 100 different validators to choose from and it doesn’t really matter who you select.
- In our tutorial video above, we selected Mysten Labs validator as they are the core team behind the Sui blockchain.
- Enter Staking Amount
- Decide how much SUI to stake (1 SUI is the minimum)
- Consider keeping some $SUI unstaked for transaction fees
- Review Staking Terms
- Check the current APY
- Note when rewards will start accruing
- Confirm the 24-hour unbonding period
- Confirm SUI Staking Transaction
- Review gas fees (typically very low on Sui)
- Click “Stake” to confirm
- Transaction will be processed on the blockchain
- Verify SUI Staking Transaction
- Check your staked SUI balance in your Slush wallet
- View transaction on SuiVision explorer
- Monitor staking rewards accumulation with the Pawtato Finance app
Managing Your Staked SUI
The nice thing about native staking Sui with Slush wallet is that there’s not much you have to do in terms of management. Once your SUI is stated, you can kick back, enjoy the passive income, and know you’re in position for potential future airdrops.
Viewing Staked Assets in Slush Wallet
- Return to the piggy bank section in Slush wallet
- Check your total staked amount and current value
- Monitor when rewards will start earning
Unstaking SUI Process
- Click on your staked position
- Select “Unstake”
- Wait for the 24-hour unbonding period
- Tokens will be available after the waiting period
Native Staking SUI with Slush Wallet is a Smart Play
Native staking SUI through Slush wallet offers a straightforward way to earn passive income while supporting network security. With low minimum requirements and integrated wallet support, it’s accessible to both small and large SUI holders.
The combination of regular rewards, potential future airdrops, and contribution to network decentralization makes native staking an attractive option for long-term SUI holders. Whether you choose to stake 1 SUI or 5,000 SUI, the process remains simple and the potential benefits make it worth considering as part of your crypto strategy.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
