Sei is a Layer 1 Proof-of-Stake blockchain that is optimized for trading and exchanges. The network aims to solve scalability and performance issues that may be holding back decentralized exchanges (DEXs) on general-purpose blockchains.
The native token on Sei network is called SEI. SEI is used to pay for transaction fees, participate in network governance, and staking in the Proof of Stake consensus mechanism.
View the SEI explorer here: https://sei.explorers.guru/
Staking SEI is instant. From the moment you initiate the unbonding process, it takes 21 days to unstake. During this time you will not earn rewards. Once the process is complete, you can transfer/trade your SEI tokens.
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