To stake SUI in the xPortal app, you’ll need to follow a simple series of steps. Here's a short guide:
Open the xPortal app and navigate to the "Earn" section.
Select SUI Stake from the list.
Choose xPortal as your staking provider and enter the amount you’d like to stake.
Confirm your staking action and start earning rewards.
What are the rewards for staking SUI ?
By staking SUI to help secure the network, you can earn up to 2.36% APY.
Why should you stake your SUI?
By staking SUI tokens, you can earn passive rewards for participating in the network. Your stake helps support the network's security and decentralization by delegating tokens to validators. You also have the opportunity to participate in the consensus mechanism and, potentially, governance decisions within the ecosystem. Staking provides exposure to inflation protection while contributing to the long-term growth of the network. Additionally, you have flexibility in how much you stake and can easily unstake your tokens when needed.
How to unstake SUI, and how long does it take?
Unstaking SUI from a pool is a straightforward process that can be initiated at any time from the "Earn" section. The process consists of two steps:
Full Amount Unstake Only: Currently, we support unstaking of the entire amount only.
Unstaking Time: It may take up to 1 day for the unstaking process to complete.
Once the process is complete, the unstaked amount will be automatically refunded to the user's wallet. No additional withdrawal action is required.