Sei (SEI)

How to Stake SEI via Gem Wallet

This guide will take you through the process of staking Sei using your Gem Wallet.

• Click on Create a New Wallet.

• Save a Secret Phrase securely.

• Click on Continue.

• Click on Continue.

• Go to Manage Token List.

• Enable SEI from the list of tokens.

• Now click on SEI to start staking.

• Click on Stake.

• Read the info about SEI staking and click on Stake.

• Enter the amount, check that Everstake is the selected validator, and click Continue.

• Check everything and confirm the transaction.

Great! You can now manage your staking in the main menu’s Sei section. Click on Sei to see details.

• Seistream

• Seiscan

• Mintscan

• Seitrace

• Sei Guru

SEI is the native token of Sei Network, used for transaction fees, staking, and governance. Validators stake SEI to secure the network, and holders can earn rewards or vote on protocol changes. The total supply is 10 billion, with circulating tokens released gradually through staking and network incentives.

Sei has a fixed total supply of 10 billion SEI tokens, distributed as follows:

• Ecosystem Reserve: 48% (4.8 billion SEI) — allocated for staking rewards, ecosystem incentives, and developer grants.

• Private Sale Investors: 20% (2 billion SEI).

• Team: 20% (2 billion SEI).

• Foundation: 9% (900 million SEI).

• Binance Launchpool: 3% (300 million SEI)

“Validator fee” refers to the rewards received by Validator for participating in the Blockchain network Validation process. Everstake determines the validator fee through a process involving analysis and consideration of various factors, such as network requirements, operational costs, and market dynamics.

Validators don't have control over users' funds in blockchain networks. Instead, they validate transactions and participate in the consensus process based on the rules defined by the network protocol. Users retain control over their funds through private keys, which are used to sign transactions and authorize transfers. Validators' roles involve confirming the validity of transactions and blocks, but they don't have the authority to access or manipulate users' funds.

Sei Network offers a staking mechanism that allows users to earn rewards while contributing to the network's security and decentralization.

Staking rewards on the Sei Network are derived from two primary sources:

1. Gas Fees: A portion of the transaction fees collected on the network is allocated to staking rewards.

2. Genesis Token Unlocks: Tokens from the initial supply are gradually released and distributed as staking rewards.

These rewards are distributed to delegators in proportion to their stake, with validators retaining a commission fee. The commission rate varies by validator and can be viewed on the Sei App or by querying the validator information on-chain.