Sui($SUI) Token Staking Ecosystem Airdrop Information
Sui is a permissionless layer 1 blockchain that supports a wide range of application development with unmatched speed, low cost, and advanced features. They have a huge ecosystem of over 85 projects built on the Sui mainnet, and the most important thing is that about 70-80% will do airdrops! If you follow Sui’s guide to staking $SUI tokens, you can potentially get 5 airdrops in one go! The Sui ecosystem staking airdrop guide is as follows!
What is sui?
sui It’s groundbreaking Layer 1 Blockchain It is a smart contract platform that combines the advantages of Web3 and the ease of Web2. Key features include:
- Object-centric design: Unlike most other blockchains that use accounts, Sui uses objects as the basic unit of data storage. Developers create and manage programmable objects that represent user-level assets.
- Fast and scalable: Sui leverages the Move language and parallel transaction execution to process transactions much faster than its competitors.
- Unlicensed and private: Sui provides permissionless access to the ecosystem, allowing developers to build without restrictions. We also prioritize privacy and security for digital asset ownership.
- growing ecosystem: There are about 85 projects built on Sui mainnet!
- Developer Resources and Grants: Sui offers a developer portal, documentation, training courses, and a bug bounty program.
- Innovative standards and protocols: zkLogin, Display and Kiosk strengthen Sui’s user-friendly, privacy-preserving and open trading platform.
- Web2 Service Partnership: Integrates with services like Google, GitHub, and Microsoft for on-chain accounting using existing identities and zero-knowledge proofs.
Learn more about Sui!
How to Stake Sui for Ecosystem Airdrops
Here’s how:
- Get Sui Wallet
There are about 5 or 6 wallets that support Sui and its ecosystem, including Sui’s own Sui wallet, Martian wallet, Suiet wallet, and Surf wallet. Most of the protocols we will use in this guide only connect to the Sui wallet, so we prefer to use the Sui wallet.
- Fund your wallet with SUI tokens
Fund your wallet with SUI tokens. We will use 600 SUI to perform Sui ecosystem staking operations to earn airdrops. You can purchase SUI on most major exchanges, including Bybit, OKX, and MEXC.
Register your Bybit account here!
- Volo’s stake
Volo is Sui’s liquid staking platform that offers vSUI as staking rewards. To stake SUI on Volo, connect your wallet to https://stake.volosui.com/. Then enter the amount you want to stake and click “Stake”.
- Steak SUI on a Sea Otter
Haedal is a liquid staking protocol built on top of Sui that allows people to stake SUI for HaSUI rewards. The haSUI tokens can then be used in various DeFi applications in the Sui ecosystem. To stake Haedal, connect your wallet to https://www.haedal.xyz/stake. Then enter the amount you want to stake and click “Stake”.
- Bonus: Delegate SUI to validators
Delegate SUI tokens to validators. We will delegate half of the SUI, i.e. 300 SUI, to the validators. However, we will not delegate to any exchange because SUI is centralized. Instead, choose validators with the word “node” or “staking” in their name. Additionally, the project can only offer rewards to validators outside the top 20 and those who hold a stake, so it will avoid validators that already hold a lot of SUI.
However, unlike injective staking, nodes could not be found in projects that conducted their own airdrops. So the purpose of staking SUI to validators here is simply to get low fees and APR from airdrops. Note: no Eligibility criteria are determined by each project, ensuring that projects receive airdrops for staking. However, we do know that offering airdrop rewards for native staking is a big trend in the Cosmos ecosystem.
I delegated SUI to Stakefish because it was the non-exchange node that offered the highest APR (3.94% APR and 2% commission). See the list of validators here.
