AG
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AG retweetledi
Props to the folks at @SuiNetwork for having the stones to use the word “outage” instead of making up some term like “a stall in block production”
Shows there’s actual engineering leadership over there 🤝
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AG retweetledi
Sui Starter Pack: Your Quick Guide to Get Moving with Sui!
Sui’s ecosystem is packed with exciting opportunities, from decentralized finance (DeFi) to gaming and beyond. Whether you’re a blockchain beginner or a crypto pro, this guide will help you set up a wallet, on-ramp your funds, and start staking on Sui.
Ready to dive in? Let’s go! 👇
1️⃣Wallet setup: your gateway to Sui 💧
A wallet is your portal to Sui. Using a wallet you can manage assets, interact with apps built on Sui, and participate in other activities such as staking. Wallets come as browser extensions or mobile apps, letting you choose what suits you best.
A few of the most popular wallet options on Sui:
🔑 @Nightly_app
🔑 Sui Wallet & @stashedofficial by @Mysten_Labs
🔑 @suiet_wallet
🔑 @surf_wallet
Explore the options, pick the one that fits your needs, and get started!
💡 Creating a wallet? Here’s what you need to know:
Once you’ve chosen a wallet to use, you then need to create an account on Sui. There are two options most common:
💧 Create a new account with a passphrase – keep that phrase safe or you’ll lose the key to your treasure chest!
💧 Or, log in with a Web2 account like Gmail via zkLogin. Simply follow the prompts to sign in and ensure that access to the account used is restricted to only yourself.
The choice is yours, but always stay secure! 🔐
2️⃣ On-ramp into the ecosystem! 🛣️
On-ramps are essential for new users, as they provide a simple and secure way to purchase $SUI and other assets with fiat, such as USD or EUR. When you’re ready to convert your fiat into $SUI, explore the options below.
Payment processors are a popular way to get started with $SUI. They’re super convenient since they’re typically built right into wallets and often let you pay with a credit or debit card.
Here’s a list of payment processors that support $SUI – but remember, availability will vary depending on where you’re located!
💳 @coinbase Onramp
💳 @moonpay
💳 @Transak
💳 @BanxaOfficial
✨ You can also use major exchanges to buy $SUI and then transfer it to your wallet.
🌉 Bridging from other chains
Already have tokens on another network? Bridge them to Sui!
🔗 Sui Bridge provides a natively secured path between Sui and Ethereum.
🔗 @WormholeCrypto Portal Bridge is a great option if you’re looking to bridge with different ecosystems.
3️⃣Staking: Secure the network and earn rewards! 🌐
Once you’ve got some $SUI in your wallet, one of the best ways to start getting involved is through staking! By staking, you’re not only earning rewards but also helping to keep the Sui network secure.
What’s Staking, Anyway?
Staking is like putting your $SUI tokens to work. When you stake, you commit your $SUI to a specific validator. These validators are the backbone of the network, processing transactions, storing data, and ensuring that the network runs smoothly. In exchange for “delegating” your tokens to a validator, you earn a portion of the network rewards!
How to Stake Your $SUI
Most wallets make staking a breeze! Here’s how to get started:
☝️ Open your wallet and go to the staking section.
✌️ Pick a validator.
🤟 Choose how much $SUI you want to stake and confirm your selection.
💡 Pro Tip: The better a validator performs, the more rewards they earn (and pass on to you)!
So, it’s worth picking one with a solid track record for best results. Validator details can be found on explorers, such as @suiscanofficial or Sui Vision from @blockvisionhq, and websites like @StakingRewards.
4️⃣Liquid Staking: Keep Your SUI Accessible While Earning Rewards 💧
With regular staking, your $SUI is locked up during each epoch, which limits flexibility. But here’s where liquid staking steps in, by letting you stake your $SUI while still remaining liquid.
How Does Liquid Staking Work? 🧪
When you liquid stake, you receive a “liquid staking token” (LST) representing your staked $SUI. You can use these tokens across Sui’s ecosystem, all while still earning staking rewards.
Liquid Staking Tokens (LSTs) on Sui
Here are a few options for liquid staking:
💧 afSUI from @AftermathFi
💧 haSUI from @HaedalProtocol
💧 sSUI from @suilendprotocol
💧 vSUI from @navi_protocol
Each liquid staking option on Sui has its own take on how validators are chosen and rewards are distributed. Some let you pick a specific validator to stake with, while others spread your staked $SUI across multiple validators, helping to keep things more decentralized.
When it comes to getting LSTs on Sui, there are two choices:
☝️ Stake $SUI directly through a liquid staking app: Just connect your wallet, pick how much you want to stake, choose your validator preferences (if available), and you’re good to go. It’s a convenient, all-in-one spot to set up and manage your liquid staking.
✌️ Buy LSTs on a Decentralized Exchange (DEX): If you’re used to using DEXes, this can be a super-easy option. You can simply buy LSTs like any other token, making it quick and familiar for anyone who’s already familiar with DeFi platforms.
So whether you like staking directly or prefer the convenience of a DEX, there are options that let you earn staking rewards while remaining flexible.
Get Ready to Explore!
Now that you’re set up, the Sui ecosystem is yours to discover. From DeFi platforms to blockchain games and community spaces, there’s so much to explore. Whether you’re staking, trading, or just browsing, the possibilities are endless—and growing every day. So go on, dive into the world of Sui, and see where it takes you!
For more detailed information check out the following articles from the Sui Blog:
blog.sui.io/how-to-get-sta…
blog.sui.io/how-to-stake-o…
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$SUI is a third-generation blockchain that is designed to address the challenges of scalability and transaction costs with its innovative design.
Read the $SUI building block: grayscale.com/research/repor…
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AG retweetledi
AG retweetledi
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