How to stake SUI (Sui Network)
Everything you need to know to stake SUI to Chorus One.
What is SUI?
Sui is a Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible to everyone.
Developed by Mysten Labs and utilizing a unique consensus mechanism and advanced cryptographic techniques, Sui aims to support a wide range of decentralized applications (dApps) and provide a robust infrastructure for Web3 development.
Overview
CATEGORY
DETAILS
Chorus One Validator Address
0xd6edebcfa598dcb6e71037b34f09ddc6a20dd874edca1d89d5ccd11ec070d040
APR
Block Explorer
Staking Rewards
Unstaking Period
24 hours
How to Stake SUI
Installing the SUI browser extension
Install the SUI wallet extension. In case you don’t have the SUI wallet extension installed on your browser already, visit the following link to install it.
Click on ‘Add to Chrome’ if you are using a Chrome browser or Brave if you are using the Brave browser and follow the installation instructions.
Create an account
Once installed, a new page should pop up. However, if this does not happen, simply click on the extension in the Chrome/Brave toolbar and the following page will open up.
Click on 'More Options' to create your account.
You can either sign in with your Ledger if you'd like by opening up the SUI app on your device, or create a new wallet in the browser extension by selecting 'Create a new Passphrase Account'.
Create a strong password you will remember and select if you would like the wallet to auto-lock after a set period of time.
Next, you will be prompted to view and write down your recovery phrase for the wallet.
You will be shown 12 words as your mnemonic seed. Please be sure to back it up securely. It is not advisable to take a screenshot or store this seed phrase digitally.
Please back up your mnemonic seed securely.
Anyone with your mnemonic seed can take your assets.
Lost mnemonic seed phrases cannot be recovered.
After you have saved your mnemonic seed phrase, click on Open Sui Wallet to create your account.
Logging into your account
Once you have created your account, click on the extension to view your address.
Stake your SUI
If you don’t already have SUI in your account, you can fund it with some tokens. You may use an exchange to transfer the SUI tokens to your address or get it from someone who already holds them.
You can find your address by clicking in the highlighted box in the screenshot below.
Please ensure you’re on the correct network - Mainnet.
To stake, click on 'Stake' highlighted in the screenshot above.
Find the validator 'Chorus One' in the list and verify that the validator address by visiting: https://suiscan.xyz/mainnet/validator/0xd6edebcfa598dcb6e71037b34f09ddc6a20dd874edca1d89d5ccd11ec070d040/info
Please confirm that the Chorus One validator address is:
0xd6edebcfa598dcb6e71037b34f09ddc6a20dd874edca1d89d5ccd11ec070d040
Select Chorus One and enter the amount of SUI tokens you want to stake.
Then click on 'Stake Now' to submit your staking transaction.
Claiming rewards
Over time you will see rewards accumulating in your account. You can simply go to the SUI extension to claim them.
How to unstake SUI
To unstake, log into your account and click on 'Currently Staked'.
Select the amount of SUI tokens that you want to unstake.
The, select 'Unstake SUI'.
Verify your details, and then select 'Unstake Now'.
You have now successfully unstaked your SUI tokens!
A Note to Institutional Investors
If you are an institutional investor looking to stake Sui Network (SUI) with Chorus One, please reach out to us via our staking request form.
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