Sui (SUI)

What is Sui?

Sui is a layer-1 blockchain. It is a highly decentralized, permissionless smart contract platform biased towards low-latency management of assets. The platform was built by Mysten Labs in 2021, the same year Sui raised over $300 million in funding, with a16z leading the list of investors.

The core team of Sui is experienced leaders who were building large projects like Meta's payment crypto project Diem and Move - an open-source programming language.

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Learn about Sui

How to stake Sui?

Validator Name: Everstake

Vote Account: 0xbba318294a51ddeafa50c335c8e77202170e1f272599a2edc40592100863f638

Commission: 10%

Sui Staking Manual

Step 1: Set Up a SUI-Compatible Wallet Start by installing a wallet that supports the Sui network. For example, Martian Wallet, SUIET wallet, GEM wallet and more.

Step 2: Deposit SUI Tokens Ensure your wallet holds SUI tokens. If you don’t have any, you can purchase SUI on major exchanges like Coinbase, Binance, or KuCoin, then transfer them to your chosen wallet.

Step 3: Go to Stake (Earn) Tab in your wallet Enter the amount of SUI you want to stake, confirm the transaction, and wait for blockchain confirmation. Once completed, your tokens will begin generating rewards — you’re now officially staking SUI!

Where can I stake Sui?

You can choose a crypto wallet convenient for you and use the guide at the link or write to Everstake support and get more detailed information

Wallet Type	Wallet Name
Web	Sui wallet Ethos SUIET wallet Elli Wallet Martian wallet
Mobile	Gem Wallet
Hardware	Ledger

Staking Details

Term	Description
Epoch duration	24 hours
Everstake fee	10%
Auto-compounding	Yes
Fee to activate the wallet	None
First reward info	The first rewards will begin to accrue in the epoch following the one in which staking was initiated.
Reward frequency	Every epoch
Min amount ot stake	1 SUI
Unstaking period	0-1 day (more precisely, at the end of the current epoch)
Stake (de)activation time	0-1 day (more precisely, at the end of the current epoch)
Re-delegating activation time	0-1 day (more precisely, at the end of the current epoch)
Last Reward	Last rewards earned before unstaking.
Self-Bond	None
Active set	121 validators
Slashing	No automated slashing currently implemented in the protocol. Sui uses a social consensus slashing mechanism when validators vote to slash a bad performer. A validator who gets a 0 score from two-thirds of its peers will have its rewards slashed. Causes for slashing include low operational performance, malicious behavior, and poor community membership. Delegators stake and rewards are not deduced in case of slashing.

Why Everstake?

• Everstake is the №1 staking infrastructure platform, trusted by over 1.5M users and institutional clients worldwide. Committed to the highest standards of compliance with certifications such as SOC 2 Type II, CCPA/CRPA, ISO 27001, and GDPR, we deliver secure and reliable staking solutions across 85+ supported chains with a reliability rate of 99.98%

• Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security.

Everstake Participation

As an Sui validator, Everstake contributes to the overall success and growth of the Sui network from the network's initial launch. Our technical expertise and robust infrastructure help maintain the reliability of the network. We are responsible for keeping systems up and running, which is crucial for the uninterrupted operation of the blockchain and the timely processing of transactions. In recent years, Everstake has become one of the leading validators by stake and the number of staking accounts — a clear sign of users’ trust and growing interest.

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FAQ

Sui Explorers

• Suiscan

• SuiVision

• OKLink Explorer

What is SUI?

The SUI token is the native cryptocurrency of the Sui blockchain, powering transactions, network security, and on-chain governance. It acts as the network’s primary fuel, used to pay gas fees, while also enabling holders to stake tokens to secure the network and earn rewards. Additionally, SUI holders can participate in governance, voting on key protocol upgrades and ecosystem decisions that shape the network’s future.

Sui Tokenomics

The total supply of SUI tokens on Mainnet is capped at 10,000,000,000 SUI (ten billion). This is the total number of SUI that can ever be minted, but the total supply is not available for transactions. Supply availability follows the designed unlocking schedules in place to enhance the tokenomics stability of the network and provide a long-term level of security.

At the beginning of each epoch, three important events happen:

• SUI holders stake (some) of their tokens to validators and a new committee is formed.

• The reference gas prices are set as described in Sui Gas Pricing.

• The storage fund size is adjusted using the net inflow of the previous epoch.

Following these actions, the protocol computes the total amount of stake as the sum of staked SUI plus the storage fund.

How Everstake deduces validator fee?

“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.

Control over User's Funds

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.

Rewards Distribution

At the end of each epoch, the protocol distributes stake rewards to participants of the PoS mechanism. This occurs through two main steps:

• The total amount of stake rewards is calculated as the sum of computation fees accrued throughout the epoch plus the epoch's stake reward subsidies. The latter component is temporary in that it will only exist in the network's first years and disappear in the long run as the amount of SUI in circulation reaches its total supply.

• The total amount of stake rewards is distributed across various entities. The storage fund is taken into account in the calculation of the epoch total stake, which is not owned by any entities in the way that staked SUI is. Instead, the Sui economic model distributes the stake rewards accruing to the storage fund to validators for compensation of their storage costs.

What are the breakthrough innovations of the Sui Network?

• Move: a platform-agnostic language to enable common libraries, tooling, and developer communities across blockchains with vastly different data and execution models.

• zkLogin: a Sui primitive that provides the ability for you to send transactions from a Sui address using an OAuth credential, without publicly linking the two.

• Kiosk: a decentralized system for commerce applications on Sui.

• Closed-Loop Token: a token standard on Sui that allows you to limit the applications that can use the token and set up custom policies for transfers, spends, and conversions.

• Programmable Transaction Blocks: it allows to perform up to 1024 unique operations in a single execution, whereas transactions on traditional blockchains would require 1024 individual executions to accomplish the same result.

• Gas Pricing Mechanism: the Sui gas-pricing mechanism achieves three key outcomes: providing low and predictable transaction fees, incentivizing validators to optimize their transaction processing operations, and preventing denial-of-service attacks.

• Parallel Transaction Processing: this object-centric model enables fast path and ordered processing.

• Transfer to Object: it allows to establish a parent-child relationship between assets.

• Storage Fund: Sui's economic design includes a storage fund that redistributes storage fees from past transactions to future validators.