Staking through OptiSui is completely permissionless. You are able to stake with any of the active validators of the SUI network and provide that validator with more voting power.OptiSui made this design decision with decentralization in mind, so as not to favor any particular validator over another, but rather let our users decide for themselves.
There are several factors to consider when choosing a validator. Most importantly, each validator is able to set their own commission rate and proposed gas price. Commission Rate is the amount of the total rewards earned the validator keeps as payment for their services; a lower commission means more for delegators. The Proposed Next Epoch Gas Price determines the cost of transactions on the SUI network, which validators together vote on for each Epoch. Finally, you want to ensure the validator is active and has a strong history of performance, as the cumulative rewards earned by oSUI is a function of all SUI staked through OptiSui across all validators.
Your staking rewards compound automatically and you will receive them when you redeem your oSUI for your staked SUI. You will receive the amount you initially staked, plus the rewards earned for the duration your SUI tokens were staked for.
You can unstake at any time and redeem your oSUI for SUI. At this time there is no unbonding period for staked SUI, and as long as this remains the case, oSUI also will allow immediate redemption. Any changes to the underlying SUI staking mechanism which affect oSUI redemption will be communicated immediately.
OptiSui designed oSUI to be as fungible and composable as the SUI token itself, while simultaneously earning staking rewards. This means oSUI can be swapped for other tokens, deposited into liquidity pools, used as collateral, and bridged to other blockchains. In the immediate future OptiSui will deploy liquidity pools containing oSUI, and we are actively working with partners in the SUI ecosystem and beyond to expand its functionality as oSUI liquidity grows and new protocols are brought online.
Sui network operation runs in Epochs of 24 hours. You will receive your oSUI at the start of the next Epoch after you staked your SUI tokens.