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Is it safe to stake SUI with Mysten Labs as a validator?
Hey, I'm considering doing native staking of my SUI to Mysten Labs as a validator. I'm wondering if there's any chance I could lose money this way, and also, are these funds strictly used for security purposes and not for liquidity in the protocol? Would it be safer to just keep it in a cold wallet?
- Sui
Answers
2Staking your SUI with Mysten Labs is generally considered safe, especially since they’re a core contributor to the Sui blockchain and operate some of the most reliable validators on the networklike Mysten 1 and Mysten 2. These validators have strong uptime records and play an integral role in securing the protocol.
The main risks come from validator misbehavior (like downtime or slashing), but so far, Mysten Labs has a clean track record in that area.
If you’re exploring other options or want to compare performance metrics like uptime and commission rates, you can check out real-time data on Sui validators here: https://suiscan.xyz/mainnet/validators
I hope this helps answer your question clearly!
It is safe to stake your SUI with Mysten Labs as a validator. The staked funds are used strictly for security purposes as intended and not for liquidity. You can stay assured that staking functions as it should without additional risk involving liquidity pools. Keeping your SUI in a cold wallet is also a safe option if you're worried about risks, but you won't earn rewards from staking.
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