How to stake SUI (Sui Network)

Sui is a Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible to everyone.

‍Overview

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1. Install the SUI wallet extension

In case you don’t have the SUI wallet extension installed on your browser already, visit https://chrome.google.com/webstore/detail/sui-wallet/opcgpfmipidbgpenhmajoajpbobppdil and Install the extension.

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Click on ‘Install SUI for Chrome’ if you are using a Chrome browser or Brave if you are using the Brave browser and follow the installation instructions.

2. Create Account

Click on the extension in the Chrome/Brave toolbar and the following page will open up.

Click on Get Started to create your account. Then, create a secure password for your wallet.

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| You will be shown 12 words as your mnemonic seed. Back it up securely (read the warning below)

| Back up your mnemonic seed securely

• Anyone with your mnemonic seed can take your assets.
• Lost mnemonic seed can’t be recovered.

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Finally, click on Open Sui Wallet to create your account.

3. Log in to your account

Once you have created your account, click on the extension to view your address.

4. Stake your SUI

If you don’t already have SUIs in your account, 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.

Ensure you’re on the correct network - Mainnet.

Click on “Stake & Earn SUI”

Find “ Chorus One” validator in the list and verify that the validator address by visiting https://explorer.sui.io/validator/0xd6edebcfa598dcb6e71037b34f09ddc6a20dd874edca1d89d5ccd11ec070d040 and confirming that the Chorus One address is 0xd6edebcfa598dcb6e71037b34f09ddc6a20dd874edca1d89d5ccd11ec070d040.

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Select and click “Select Amount”. Enter the amount of SUI tokens you want to stake.

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Click on “Stake Now”.

5. Claiming rewards

Over time you will see rewards getting accumulated in your account. You can simply go to the SUI extension to claim them.

How to Unstake SUI

1. To unstake, log into your account and click on "Currently Staked".

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2. Select the amount of SUI tokens that you want to unstake.
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3. The, select "Unstake SUI".

4. Verify your details, and then select "Unstake now" .

5. You have now successfully unstaked your SUI tokens.