April 5, 2024
If you've been looking for a proper way to get some SUI yield but you don't want to take a big risk, we have something for you. Let us introduce you to Sui Staking.
Staking involves actively supporting the validation process of a Proof of Stake blockchain network. This entails locking up your funds, rendering them inaccessible in your wallet or on other platforms. By doing so, the tokens you've staked contribute to pools that validate the blockchain, thereby enhancing its security. In return for this contribution, you receive rewards, incentivizing your involvement in fortifying the network's security and efficiency.
Liquid staking operates similarly to traditional staking but with some nuances. It enables users to stake their assets and earn yield, yet differs in that it doesn't require freezing assets. In liquid staking, individuals can deposit tokens and receive liquid tokens in return. In essence, liquid staking merges the benefits of staking by providing rewards while also furnishing additional tokens, expanding your opportunities to engage in DeFi.
Both shows more similarities than disparities. The choice between them largely depends on your strategy. Opt for conventional staking if you prefer a passive approach with consistent rewards. If you employ an active strategy and understand how to utilize tradable tokens for potential gains, liquid staking may present an attractive option for those seeking additional profits.
If you want to Liquid Stake Sui, you can do it directly in Nightly because of Aftermath. Aftermath provides you with their afSui so you can enjoy the beauty of Sui.
**1. **Choose Sui Wallet 2. Click "stake" button 3. Choose “regular staking” 4. Click a plus in the upper right corner. 5. After that, you need only to choose the validator and decide what amount of tokens you want to stake. 6. Click the button “next.” That is all. 7. You just have staked your tokens.
**1. **Choose SUI for liquid staking. 2. Click "stake" button, 3. Choose “liquid staking”. 4. Click a plus in the upper right corner. 5. After that, you need only to choose the validator and decide what amount of tokens you want to stake. 6. Click the button “next.” That is all. 7. You just have staked your tokens.
Easy, isn't it? Download Nightly and let your tokens work for you. nightly.app/download
