How to stake SEI (Sei Network)

Overview of the Sei Network

Sei is a high-performance Layer 1 blockchain designed specifically for trading applications. With its innovative parallel order execution and native price oracles, Sei is optimized for decentralized exchanges (DEXs) and other trading-focused dApps.

By staking SEI, you contribute to the security and scalability of this cutting-edge blockchain while earning staking rewards.

This means that every account on the Sei Network has a unique public key. In Sei V2, this public key translates into two different types of addresses:

• EVM Address: This address starts with 0x and is used for EVM-based activities.

• SEI Address: This address starts with sei and is used for Sei-native activities.

Staking Summary

Prerequisite Checklist

For more details, please refer to the FAQs.

Step-by-Step Guide

Step 1: Set Up Your Wallet

1. Download and install a compatible wallet, MetaMask is recommended.

• MetaMask — Getting Started: MetaMask

• Keplr — Getting Started: Keplr Wallet

• Cosmostation — Getting Started: Cosmostation Wallet

1. Create a new wallet and securely store your recovery phrase.

   1. For additional security information please see What is a Seed Phrase?and Crypto Security Best Practices

2. Transfer SEI tokens to your wallet.

Step 2: Access the Staking Interface

1. For this guide we will be demonstrating the process with MetaMask.

2. Navigate to https://app.sei.io/ and connect your wallet.

   1. For SEI, special instructions on adding the network to MetaMask can be found here if needed, however, when you first connect MetaMask to the staking interface it will automatically add the needed network information for you.

3. Alternatively, you can navigate to https://seistream.app/ click on the left-hand column 'Stake' then search for Chorus One.

   1. If you are using https://seistream.app/ you can search for the Chorus One validator address seivaloper16pj5gljqnqs0ajxakccfjhu05yczp98743ctgy

   2. If you are using https://seistream.app/ please ensure that the SEI mainnet 'pacific-1' is selected in the upper-right hand corner of the screen where you will see your wallet connected.

If you're using https://app.sei.io/ you will be prompted to connect with MetaMask. After, you can click the address in the upper-right hand corner to see your EVM (0x) address and your SEI address.

Step 3: Select the Chorus One Validator

1. Search for the Chorus One Validator using the official Chorus One Validator Address.

   1. sei16pj5gljqnqs0ajxakccfjhu05yczp987t7f9f5

   2. If you are using https://app.sei.io/ click on 'Stake' in the left side bar and look for Chorus One.

2. Click on the validator to select it.

   1. Example below showing the https://seistream.app/ delegation screen.

Step 4: Delegate Your SEI Tokens

1. Enter the amount of SEI you wish to stake.

2. Review the transaction details, ensuring the validator is set to Chorus One.

3. Confirm the transaction in your wallet.

When you're ready, click on 'Delegate' and approve the transaction in MetaMask.

Step 5: Managing Your Delegation

1. Once the transaction is confirmed, your SEI tokens will be staked, and you will start earning rewards.

2. Check the Staking Dashboard at https://app.sei.io/ by connecting your MetaMask wallet to review your staked balances and claim your staking rewards as they accrue.

Step 6: Claiming Rewards & Unstaking Your SEI

Claiming Rewards:

• Over time you will accrue rewards from your staked SEI.

• Navigate to https://app.sei.io/stake and you can view any pending rewards you can claim.

Unstaking:

To unstake your SEI, navigate to the same staking interface and click on the three vertical dots next to 'Claim rewards' and from the dropdown menu select 'Unstake'.

Select the amount of SEI you would like to unstake and submit and approve the transaction in your wallet.

• You can also redelegate your staked balance to another validator if you wish.

Once you've completed your unstaking transaction, you're all set! Your SEI will begin unstaking and will become available after the 21 day unbonding period has passed.

You can view your SEI unbonding period in progress from the staking dashboard.

FAQs

1. What are the staking rewards for SEI?

Staking rewards depend on network parameters and validator performance. Check Staking Rewards for the latest APY rates.

2. Is there a lock-up period for SEI staking?

Yes, there is a 21-day unbonding period when unstaking SEI tokens.

3. Do staking rewards auto-compound?

No, staking rewards must be manually claimed and can then be added to your staked balance.

Questions?

Feel free to reach out to our Support Team if you would like any clarification.

A Note to Institutional Investors

If you are an institutional investor looking to stake Sei Network (SEI) with Chorus One, please reach out to us via our staking request form.