Staking is one of the easiest ways to put your crypto to work. If you hold Walrus (WAL) tokens, staking allows you to get rewards while supporting the infrastructure of a decentralized storage network.
In this guide, you’ll learn what WAL and Sui Wallet are, how to prepare your wallet, and how to stake your WAL tokens using the official Walrus dashboard. We’ll also explain why validator fees on Walrus may be higher than on other blockchains and what to expect after staking.
What Is Walrus?
Walrus (WAL) is the native token of the Walrus Protocol, a decentralized storage infrastructure designed for secure and resilient data availability. WAL holders can participate in the network’s consensus by staking their tokens with node operators (validators), thereby contributing to the protocol’s security and earning staking rewards in return.
What Is Sui Wallet?
Sui Wallet is a non-custodial wallet developed by Mysten Labs specifically for interacting with the Sui blockchain. It allows users to store, send, and stake SUI and other supported tokens, such as WAL. With its simple interface and integrated staking features, Sui Wallet is preferred for WAL stakers.
Security reminder: Never share your seed phrase with anyone. Anyone with your seed phrase can steal your funds.
A Simple Guide to WAL Staking
Staking WAL involves just a few easy steps. Follow this guide to stake your WAL tokens securely via Sui Wallet.
Step 1: Set Up Your Sui Wallet
- If you don’t have a Sui wallet yet, please check this article and create one.
- Make sure your wallet supports staking functionality (Sui Wallet does).
Security reminder: Never share your seed phrase with anyone. Anyone with your seed phrase can steal your funds.
Step 2: Top Up Your Wallet with WAL and SUI
- Purchase WAL tokens from supported exchanges such as KuCoin, Kraken, Bybit, Gate.io, and others.
- Now with WAL tokens in your wallet, you can proceed to WAL staking.
Note: You’ll also need a small amount of SUI tokens to cover transaction fees. WAL staking requires SUI for gas fees.
Step 3: Access the Walrus Staking Dashboard
- Visit the official Walrus Staking Dashboard.
- Connect your Sui Wallet.
Step 4: Choose Everstake as Your Validator
- Scroll down the list of validators (Node Operators).
- Use Command + F (Mac) or Ctrl + F (Windows) to quickly find Everstake.
- Click Stake next to Everstake to delegate your WAL tokens.
Step 5: Enter Your Stake Amount
- Choose the amount for your staking.
- Then click Approve.
Step 6: Staking Completion
Yay! You have successfully staked your WAL tokens with Everstake. Your stake will be activated in the next epoch.
You can check your Walrus on-chain activity on explorers like Walruscan or ChainViz.
Note: the epoch duration on the Walrus Protocol is 14 days.
Why Are Validator Fees Higher on Walrus?
Validator fees on Walrus may seem higher compared to other blockchains. This is because Walrus operates a data storage-based protocol, where costs scale with storage requirements, not just transaction volume. Unlike traditional smart contract platforms, Walrus validators bear high fixed and variable costs due to data replication, sharding, and resilience guarantees.
More details can be found in the Walrus blog post on staking rewards.
Conclusion
Staking WAL through the Sui Wallet is a secure and straightforward way to support the Walrus Protocol while getting passive rewards. By choosing a reputable validator like Everstake, you contribute to the network’s stability and growth.
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Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services or take custody of, or otherwise hold or manage, customer assets. Everstake does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. Everstake’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.
