Staking SUI is a great way to earn passive income while helping to secure the Sui blockchain. If you’re wondering, “where can I stake SUI?” or “what happens when you stake SUI?”, this guide has you covered. We’ll walk you through how to stake SUI on Nansen, the benefits of staking, and how to unstake when needed.
What is SUI Staking?
SUI is the native token of the Sui blockchain, a high-performance Layer 1 network designed for scalability and efficiency. Like other Proof-of-Stake (PoS) networks, Sui allows token holders to stake SUI with validators to earn rewards while contributing to network security.
Why Stake SUI?
- Earn passive income through staking rewards
- Help secure the Sui network
- No complex technical requirements
- Easy unstaking when needed
Now, let’s dive into how to stake SUI on Nansen and maximize your staking rewards.
How to Stake SUI with Nansen
Step 1: Set Up a SUI-Compatible Wallet
Before you stake, ensure you have a Sui-compatible wallet. The best options are:
- Sui Wallet (official wallet for Sui blockchain)
- Martian Wallet (popular multi-chain crypto wallet)
Step 2: Deposit SUI into Your Wallet
To stake, you need SUI tokens in your wallet. If you don’t have any yet, you can buy SUI on exchanges like Coinbase, Binance or KuCoin and transfer it to your Sui Wallet or Martian Wallet.
Step 3: Connect to Nansen Staking Platform
- Visit Nansen’s staking dashboard.
- Connect your Sui-compatible wallet.
Step 4: Stake Your SUI
- Enter the amount of SUI you wish to stake.
- Confirm the transaction.
- Wait for blockchain confirmation.
Once the transaction is complete, you’re officially staking your SUI.
How to Unstake SUI
If you ever need to unstake SUI, follow these steps:
- Go to your staking dashboard on Nansen.
- Select “Unstake” next to your active stake.
- Confirm the transaction and wait for the SUI unstake time on Nansen (this may take a few epochs).
Note: You won’t earn rewards while unstaking.
What Happens When You Stake SUI?
When you stake SUI, your tokens are delegated to a validator, and you start earning staking rewards. The staked SUI price remains the same as unstaked SUI, but you accumulate rewards over time.
Final Thoughts
If you want to earn passive income and contribute to the Sui blockchain, staking SUI with Nansen is a smart choice. With secure staking, data-driven insights, and competitive APY, Nansen is one of the best places to stake SUI.
Start staking with Nansen today and put your SUI to work.
