Tired of just holding tokens without doing much? If you’ve got WAL tokens and want to put them to good use, staking on the Walrus network is the perfect next step. Walrus isn’t just another crypto project, it’s a powerful, decentralised storage and data availability platform created by Mysten Labs. It’s built to handle large, messy files like videos, images, and data from AI tools. And guess what? You can already get involved by staking WAL during its testnet phase.
Staking WAL doesn’t just help the network grow, it gives you hands-on experience with the platform before the mainnet launches. You’ll learn how everything works, support network testing, and get ready for real rewards when staking goes live. Whether you’re a beginner or already into crypto, staking WAL is a smart way to explore a unique data-focused project while playing a key role in shaping its future.
How to Stake Walrus (WAL)?
You can stake Walrus on 3 different platforms. And here, we will discuss the methods of staking Walrus on Everstake and Slush Wallet.
Staking Walrus on Everstake
Staking Walrus (WAL) tokens on Everstake is a hands-on way to explore the project and understand how its testnet works. While WAL tokens currently carry no real value, the process gives you a good feel for decentralised staking. Here’s a step-by-step guide to help you get started.
Visit the Official Walrus Staking Website
To begin, head over to the official Walrus staking platform. This website is designed for users who want to stake WAL tokens and interact with the testnet environment. Make sure you access the legitimate site to avoid any potential security risks.
Get WAL Tokens for the Testnet
You’ll need WAL tokens to proceed with staking. First, secure SUI testnet tokens, these are available through sources like the official SUI Discord. After obtaining them, return to the platform and swap your SUI tokens for WAL testnet tokens. Enter the amount, confirm the transaction, and your WAL tokens will appear in your wallet.
Select Everstake as Your Validator
Choosing a reliable validator is an important step. For this guide, select Everstake, a widely recognised and trustworthy validator in the staking ecosystem. Even though this is the testnet version, validator selection helps simulate the real experience and builds your familiarity with staking mechanics.
Stake Your WAL Tokens with Everstake
Now that you’ve got your WAL tokens, click the “Stake” button on the platform. Enter the number of WAL tokens you want to stake, keep in mind the minimum amount is 1 WAL. Double-check the details before confirming the transaction through your wallet. Once confirmed, your tokens will be staked with Everstake, and you’ll receive a confirmation on-screen.
Staking Walrus with Slush Wallet
Now that you’ve got your WAL tokens, click the “Stake” button on the platform. Enter the number of WAL tokens you want to stake, keep in mind the minimum amount is 1 WAL. Double-check the details before confirming the transaction through your wallet. Once confirmed, your tokens will be staked with Everstake, and you’ll receive a confirmation on-screen.
Connect Your Wallet to the Staking dApp
To begin, you need to visit the Walrus Staking dApp at https://stake-wal.wal.app.
- Click the Connect Wallet button at the top right corner of the page.
- Choose your preferred wallet provider, such as Slush Wallet.
- Approve the connection request directly within your wallet interface.
- Ensure your wallet is connected to the Mainnet network to proceed without issues.
Once connected, your wallet becomes eligible to interact with the staking platform, allowing you to delegate WAL tokens securely.
Stake WAL to a Storage Node
After establishing the connection, scroll down the page to find the list of available storage nodes.
- You will first see the Current Committee of active storage nodes.
- If your chosen node does not appear in this list, scroll further or search for it in the All Storage Nodes section.
- Use CTRL+F to quickly locate a node, such as “Stakin,” by typing its name.
- Click on your desired storage node to bring up staking options.
- Press Stake and input the number of WAL tokens you want to delegate.
- Click Confirm and approve the transaction in your wallet interface.
Once the transaction confirms, your WAL tokens are staked. Rewards start accumulating once your delegation becomes active in the node’s cycle.
Unstake or Withdraw WAL from the Platform
You can unstake or withdraw WAL tokens whenever you wish to stop staking.
- Locate the storage node where your WAL is currently staked.
- Expand the node’s details to view all of your active or pending stakes.
- Depending on the status of your stake, you will either see the Unstake or Withdraw option.
- Click the relevant option, followed by Continue to confirm the action.
- Approve the transaction in your wallet to finalise the process.
If you start the unstaking before a committee selection takes place, your tokens become available at the start of the next epoch. Otherwise, they will remain locked until the next epoch begins. This ensures smooth coordination across the staking network while maintaining fairness in reward distribution.
Also Read: Where to buy Walrus
Popular video guides on Walrus (WAL)
Best Places to Stake Walrus (WAL)
Everstake is a professional staking-as-a-service platform that supports over 80 blockchain networks, including Ethereum, Solana, and Cosmos. It operates as a non-custodial validator, ensuring users retain control over their assets while participating in network consensus. The platform offers detailed analytics and supports a wide range of cryptocurrencies, making it accessible to both individual and institutional investors. Notably, Everstake facilitates staking for Walrus (WAL), a decentralised storage protocol, allowing users to earn rewards by contributing to data availability and network security.
Pros:
- Supports over 80 blockchain networks, offering diverse staking options.
- Maintains 99.9% uptime with enterprise-grade infrastructure.
- Provides non-custodial staking, ensuring users retain asset control.
- Offers detailed analytics and reporting tools for stakers.
- Facilitates staking for emerging projects like Walrus (WAL).
Cons:
- Relies on third-party wallets for staking operations.
- Validator fees can be higher on certain networks like Walrus due to infrastructure costs.
- Users need to manage gas fees, which can vary based on network congestion.
Slush Wallet is a non-custodial Web3 wallet tailored for the Sui blockchain ecosystem. Born from the merger of Sui Wallet and Stashed, it offers users seamless access to decentralised applications, NFTs, DeFi, and staking functionalities. Notably, Slush Wallet supports staking of Walrus (WAL) tokens, allowing users to participate in the Walrus Protocol's decentralised storage network. By staking WAL through Slush Wallet, users can earn rewards while contributing to the network's security and efficiency. The wallet's user-friendly interface and integration with the Sui ecosystem make it a convenient choice for both novice and experienced crypto enthusiasts.
Pros:
- Non-custodial design ensures users retain full control over their assets.
- Seamless integration with the Sui blockchain and its decentralised applications.
- Supports staking of WAL tokens, enabling users to earn rewards.
- User-friendly interface suitable for both beginners and advanced users.
- Facilitates participation in the Walrus Protocol’s decentralised storage network.
Cons:
- Limited to the Sui blockchain, restricting access to other networks.
- Staking rewards may take time to accrue, depending on the network’s epoch schedule.
- Users must manage their private keys securely to prevent potential loss of funds.
Kraken is a globally recognised cryptocurrency exchange that offers a comprehensive suite of services, including trading, staking, and margin trading. The platform offers both bonded and flexible staking options, allowing users to earn rewards by participating in the network validation processes of various Proof-of-Stake (PoS) cryptocurrencies. Staking rewards can reach up to 17% APR, depending on the asset and staking method chosen. Kraken's user-friendly interface, combined with its advanced trading features, makes it suitable for both beginners and experienced traders.
Pros:
- Offers both bonded and flexible staking options, providing users with flexibility in managing their assets.
- Provides competitive staking rewards, with rates up to 17% APR depending on the asset.
- User-friendly interface suitable for both beginners and experienced traders.
- Robust security measures, including two-factor authentication and cold storage, ensure the safety of user funds.
Cons:
- Some staking options may have lock-up periods, limiting immediate access to funds.
- Geographic restrictions may apply, limiting access to certain staking services based on user location.
- Staking rewards can fluctuate based on network conditions and other factors.
Benefits of Staking Walrus (WAL)
Walrus (WAL) offers more than just a digital asset to trade, it opens doors to community participation, long-term growth, and passive earning. Whether you’re a seasoned investor or just stepping into the world of staking, WAL makes the process approachable and rewarding. Let’s walk through the main benefits of holding and staking WAL tokens.
Participate Easily with a Low Entry Barrier
Staking WAL requires only a simple wallet setup, making it accessible to newcomers and experienced users alike. You do not need advanced blockchain knowledge to start staking. Compared to the complexities of crypto trading, staking WAL provides a user-friendly way to generate returns. This ease of use encourages wider adoption and long-term engagement with the ecosystem.
Support Network Security and Decentralisation
By staking WAL, you help validate transactions on the network and play an active role in securing the blockchain. The staking mechanism enhances decentralisation, making the network more resistant to manipulation or control by any single entity. Your participation directly strengthens the reliability and integrity of the Walrus blockchain.
Earn Passive Income Effortlessly
Staking WAL allows you to earn additional tokens over time without active trading. Your locked tokens generate regular rewards, which accumulate and increase your total holdings. This method appeals to investors who prefer a hands-off approach while still aiming for consistent growth in their crypto portfolio.
Gain Governance and Voting Rights
Staking WAL may also give you a voice in shaping the platform’s future. Token holders can participate in decisions around protocol upgrades, community proposals, or new features. This democratic model ensures that the ecosystem reflects the views and interests of its active participants.
Unlock Exclusive Ecosystem Perks
Stakers often receive special benefits such as early access to upcoming tools, community privileges, or discounted services. These extras add tangible value to your staking experience and create stronger ties with the Walrus project. These perks reward loyalty and encourage longer-term involvement.
Improve Tokenomics and Market Stability
Staking WAL helps reduce the circulating token supply, which can positively influence the token’s market dynamics. By encouraging holding over constant trading, staking contributes to price stability and a healthier balance between demand and supply. This structure supports a more sustainable growth model for the token’s value.
Frequently Asked Questions
How Do I Choose a Validator for Staking?
When selecting a validator, it’s crucial to pick one from the “Current Committee” to earn staking rewards. Validators outside this committee won’t yield rewards during the epoch. Consider factors like the validator’s performance, commission rates, and community reputation. Researching and choosing a reliable validator ensures optimal returns and supports the network’s integrity.
When Do Staking Rewards Begin to Accrue?
Staking rewards commence in the epoch following the one in which you staked, provided you stake before the current epoch’s midpoint. If you stake after this midpoint, rewards will start in the subsequent epoch. This system ensures fairness and predictability in reward distribution, encouraging timely staking decisions.
Is There a Minimum Amount Required to Stake WAL?
While there’s no official minimum staking amount, it’s advisable to stake amounts that justify the transaction fees and potential rewards. Some validators might set their own minimums, so reviewing their requirements is essential. Staking larger amounts can lead to proportionally higher rewards, but always consider your investment strategy and risk tolerance.
What Risks Are Associated with Staking WAL?
Staking WAL, like other cryptocurrencies, carries risks. These include potential validator misbehaviour, which could lead to slashing (loss of staked tokens), and market volatility affecting token value. Additionally, technical issues or security breaches could impact your holdings. It’s essential to research validators thoroughly and use secure wallets to mitigate these risks.
