Staking Sui (SUI) with Wraith Wallet
Staking Sui (SUI) allows you to earn rewards while helping to secure the Sui network. This guide explains the steps to stake your SUI using Wraith Wallet.
TLDRβ
Your SUI will be locked while staked.
Unstaking takes 24 hours to complete.
The minimum staking amount is 1 SUI.
Keep some SUI available to pay for transaction fees.
β οΈ Always ensure you are using the latest version of Wraith Wallet.
How to stake Sui on Wraith Walletβ
Step 1 - Fund your Sui walletβ
Ensure your Wraith Wallet Sui account has SUI tokens.
You can buy SUI directly through Wraith Wallet by tapping Buy.
Alternatively, purchase SUI on exchanges such as Binance, Coinbase, or Kraken, and transfer them into your Wraith Wallet.
β οΈ Always double check the wallet address when transferring tokens to avoid mistakes.
Step 2 - Open the stake screenβ
In your Wraith Wallet Sui account, tap Stake.
The stake screen will show details like APR and lock time.
Tap Stake to continue.
Step 3 - Choose validatorβ
Staking involves delegating your tokens to a validator. Wraith Wallet provides a list of validators to choose from.
β Select validators with:
Strong uptime
Low commission fees
Good reputation and reliability
Step 4 - Enter stake amountβ
Enter the amount of SUI you want to stake.
Leave a small balance to cover transaction fees.
Tap Continue.
π‘ Minimum stake is 1 SUI.
Step 5 - Confirm the stake transactionβ
Review the details of your staking transaction.
Tap Confirm to finalise.
The transaction will be processed on the Sui network within seconds.
β Your SUI is now successfully staked with Wraith Wallet.
Sui staking rewardsβ
Current rewards average around 3.62% APR (as of writing).
Rewards are typically distributed daily.
Actual returns vary depending on the validator you select.
Unstaking your SUIβ
Unstaking takes 24 hours.
Open your stake details.
Tap Manage β Unstake.
Enter the amount you want to unstake and confirm.
β οΈ Always keep a small amount of SUI aside to cover fees.
Is staking Sui with Wraith Wallet secure?β
Yes. Wraith Wallet is self-custodial and open-source, keeping you in full control of your funds.
Transparency: Code is publicly available for audit.
Community improvements: Open-source development ensures continuous enhancements.
Reduced risks: Public code review lowers the risk of malicious elements.
Staking Sui (SUI) with Wraith Wallet is a safe and effective way to earn rewards while supporting the network.
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