Sui is a permissionless layer 1 blockchain designed to be both developer and user-friendly. It can support a wide range of application development with unrivaled speed at low cost.
The total supply of Sui ($SUI) tokens is 10 billion tokens, which serve four purposes on the network:
- They can be staked to a validator in order to secure the network and earn stake rewards.
- They can be used to pay gas fees to execute transactions and other operations.
- They act as the native asset to facilitate on-chain transactions underpinning the whole Sui economy.
- They give holders the right to participate in future governance.
With 85 projects currently built on the Sui mainnet, there are plenty of opportunities to earn rewards through staking. In this step-by-step guide, we are guiding you how to stake $SUI tokens to unlock airdrop in the Sui ecosystem.
Step-by-Step Guide to Get the Airdrop:
1. Set up a Sui Wallet
To participate in the Sui Staking Ecosystem and receive airdrops, you will need a Sui wallet. Choose from one of the main wallets such as Sui Wallet, Martian Wallet, Suiet Wallet, or Surf Wallet.
2. Liquid staking protocol – Volo protocol
- Liquid staking on Sui Network at Volo, stake your $SUI tokens and receive $vSUI tokens
3. Liquid staking protocol – Haedal protocol
- Liquid staking on Sui Network at Haedal, stake your $SUI tokens and receive $hSUI tokens
4. Lending and Borrowing protocol – Scallop protocol
- By lending / borrowing $SUI tokens at Scallop during the rewards period, you can earn yield of $SUI or $sSUI tokens
- Get airdrop by participating the quests at Scallop Zealy, there are TVL, Borrow and Zealy quests
- You will get points after completed the quests, and can generate to Mystery Pearl after the end of Phase 1 or 2, which can be used to unlock the Scallop token when TGE. Details of Scallop airdrop event is here.
5. Lending and Borrowing protocol – Navi protocol
- By lending / borrowing $SUI tokens at Navi, you can earn yield of $SUI tokens
- Get airdrop by participating the activity and Navi Zealy
Register a Domain Name at .sui
Take advantage of the Domain Name Service on the sui blockchain. Register a unique domain name at .sui for yourself using the Sui Staking Ecosystem.
6. Deposit and Staking pool at KriyaDEX
- Visit KriyaDEX and stake your LP position and earn. The more pools you funded, the more $SUI tokens can be earned.
- Users can expect see sustained APY’s of over 300% for a duration of the campaign
Airdrop Review
The Sui Staking Ecosystem regularly conducts airdrop campaigns based on participation and activity within the ecosystem. Users have the chance to earn airdrops by staking, lending, borrowing, and engaging in various quests and activities. However, if you want to participate in lending and borrowing protocols, be cautious and calculate the risks involved.