How to Maximize Your $WAL Allocation

The Walrus mainnet went live yesterday. At the same time, the $WAL token also launched. This went hand in hand with a massive airdrop. So, now that you bought $WAL or received the airdrop, what’s your next step? The Sui DeFi ecosystem offers plenty of opportunities to make your $WAL work for you.

So, let’s take a closer look at what you can do with your $WAL tokens.

The $WAL TGE and Airdrop

Yesterday, 27th March 2025 at 10 UTC, the $WAL token launched. If you took part in the testnet, you may have gotten an airdrop. Otherwise, you had to buy $WAL tokens. It immediately got listed on various DEXes in the Sui DeFi ecosystem. However, there were also plenty of listings on CEXes. 

For example,

• Gate.io
• KuCoin
• Kraken
• MEXC
• Bitget
• Bybit
• Or Bitvavo in Europe

Binance will list $WAL in its Futures market. So, that’s also great news. 

If you qualified for the airdrop, you received a soulbound NFT like the one below.

So, there was plenty of action during this launch. And there’s more. Ad Token added a new feature that allows you to buy $WAL inside an X post. Check out the thread below.

Another big news is that the Claynosaurz picked Walrus for its storage needs. This is a Solana-based blue chip NFT collection.

But now that you have your $WAL tokens, how can you make them work for you? Let’s find out.

How to Make Your $WAL Tokens Work for You

So, with the $WAL tokens safely secured in your wallet, let’s put them to work. Firstly, Adeniyi Abiodun, hinted that stakers could get another $WAL airdrop. He’s one of the Mysten Labs and Sui co-founders. Now, you have various staking options. You can opt for native staking or maximize your APY on lending platforms.

Native Staking

For native staking, you can use the Walrus staking site. By staking, you also delegate your vote to the node operators. Be aware that commissions range from 50% to 60%. However, the two Mysten Labs nodes charge no fee. Double Up charges a 5% fee, but you may qualify for their airdrop if you stake with them. The same goes for the Nansen node, although they charge 60%. See the picture below.

Source: Walrus staking

Lending Platforms in the Sui Ecosystem

You are about to see some eye-popping returns here. And if you are wondering where all that yield comes from, we understand. In this case, this is a clear paid incentive from Sui to use, hold, stake, or trade in $WAL. Think of it more like a “normal” company’s marketing expense to generate interest in the product. Here it’s Sui and Mysten Labs paying you more hoping you will like what you see with $WAL and keep holding it. Onto the lending platform returns.

If we look at lending platforms, we see Scallop currently offers a 500% APY.

Source: Suilend

Suilend offers a 100% APY for one-sided staking, plus you get 21% rewards in $sSUI. You can swap $sSUI for $SUI. There’s also an extra interest of 24.45%. However, in Steamm, its new Superfluid AMM, you can earn over 1000% APR in the $WAL-$USDC pool. See the picture below.

Source: Steamm

On the other hand, Navi Protocol offers 190% APR.

Source: Navi Protocol

Now, when you want to swap $WAL or any other Sui ecosystem token, you may want to use 7K. This is an aggregator in which you can gain droplets for every swap you make. You can convert these droplets into droplet NFTs. Currently, any drop that includes $WAL earns you a 3x multiplier. This event ends on 3rd April.

You can also check out Bluefin. Their $WAL-$USDC pool has currently a stunning 2188% APR. Per day, you earn 22.79 $WAL, 853.54 $stSUI, and 16.2 $BLUE. See the picture below.

Source: Bluefin

Haedal launched their $haWAL LST token. You can use it on Cetus with a current APR/APY of 37%. Talking about Cetus Protocol, it’s $WAL-$SUI pool offers a 1263% APR.

Source: Cetus

The Current $WAL Token Price

According to CoinGecko, the $WAL token launched at 36 cents. Yesterday, it also crawled up to its current ATH of 61 cents. However, the token is retracing a bit and finds itself at 46 cents. Its current market cap is $598 million. Out of the 5 billion tokens, 25% or 1.25 billion circulate. 

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Walrus.

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