Solana (SOL) is one of the most popular blockchains. Its blazing speed and low fees make it highly attractive. Even more exciting for SOL holders is that they can stake their tokens and earn passive rewards while helping secure the network.
This is the comprehensive guide that will break down how to stake Solana step by step, explain how to unstake and withdraw rewards, show you the best wallets and validators to consider, and give you an idea of how much you can approximately earn.
Solana Staking is a process of locking up SOL tokens to support the Solana blockchain's operations, like transaction validation. In return people get staking rewards kind of similar to eating interest on a bank deposit.
Solana uses a PoS (Proof-of-stakes) system it means the more SOL you stake with a validator, the higher the chance that validator will get to validate blocks - and share rewards with you.
Choose a Salona Wallet
To stake Solana very first, you need a compatible crypto wallet that supports staking like Phantom, Solflare, and Ledger. Download and set up your wallet and transfer your SOL Token into it.
2. Choose a Validator
Validators are like servers, help in the process of transactions and keep the Solana running. For Solana staking, delegate it to a validator.
How to know which Validator is good to go?
Researching reliable uptime, commission fees and good reputation in the market, try to avoid validators with poor reviews. Phantom or Solflare-like wallet apps show a list of available validators, along with their commission rates and performance.
3. Delegate your SOL
After picking up a validator, delegate your SOL to them. Go to the wallet and look for the “Stake” or “Delegate” Option. Enter the amount of SOL you want to stake and confirm the transaction.That’s it - your SOL tokens are now staked, i.e., delegated to a Validator.
4. Earn rewards
Once your delegation is active (usually after a warm-up period of 2–3 days), you will start earning rewards automatically. These rewards are paid out periodically (about 2–3 days).
Rewards get accumulated automatically, so you wouldn’t need to claim them now and then. They can be withdrawn later.
Phantom Wallet
Phantom Wallet for Solana Staking it's a user-friendly crypto wallet available as a browser extension (Chrome, Firefox, Edge) and as a mobile app. Primarily designed for the Solana Blockchain.
Features
Built-in staking support
In-app token swap feature
Connect to Solana dApps (NFTs, DeFi, games)
Private keys stay on your device
2. Solfare
Solflare is one of the first wallets built for Solana. It is a non-custodial Solana wallet available on web, mobile, and hardware wallets like Ledger.
Features:
Solana Supports SOL and all Solana-based tokens
Also provide Staking and rewards tracking
Provides NFT storage and viewing
Helps to Connects with Ledger hardware for extra security
3. Ledger Nano
Ledger Nano (Ledger Nano S and Nano X) is a hardware wallet. It stores crypto completely offline, to protect it from hacks.
Features:
Ledger Nano Stores private keys offline for maximum security
It Works with Solflare or Phantom for Solana staking
It has a secure PIN and recovery seed.
Provide Bluetooth support (Ledger Nano X)
4. Trust Wallet
Trust Wallet is a multichain wallet owned by Binance. It supports Solana among many other blockchains on a single mobile app.
Features:
Built-in staking
Access to Solana dApps
Swap tokens directly in the app
User-controlled private keys for Security Purpose
Choosing the right validator is one of the most crucial steps for Solana Staking, A good validator is necessary as it helps to secure the Solana network and makes sure you receive steady rewards while keeping your funds safe at the same time.
Everstake
Everstake is known as one of the largest staking providers in the world, trusted by thousands of delegators across multiple Blockchains, including Solana. Everstake is operated by a professional team, maintaining focus and assuring transparency.
Benefits:
Everstake has high reliability and consistent uptime.
Has Detailed performance and analytics tools
Active community support and reasonable commission rates
Regular updates and transparency reports.
2. Solana Compass
Solana Compass is well known for running its own High Quality Validator, Providing validator statistics, education, and ecosystem tools
Benefit:
Community Engagement also Provides Solana Ecosystem tools and Data
Consistent validator performance and Transparent operations
Supports educational resources for Solana Holders.
3. Chorus One
Chorus One is a well known professional validator aiming to make staking easy, secure, and rewarding for everyone, Chorus One have been working with years of experience across many PoS networks.
Benefits :
Chorus one has Strong security focus and advanced infrastructure with Excellent support for delegators
Consistent high-performance validation with Transparent reporting and research contributions
4. Staking Facilities
Staking Facilities is a validator based in Germany focused on running secure, high-performance infrastructure for PoS networks, including Solana.
Benefits:
Consistently high validator uptime
Also Gives Community education efforts with guidance
Competitive commission rates and proven track record on multiple networks
What if you want to stop staking or cash out your SOL? Here’s how you can do that:
Open your wallet (like Phantom or Solflare)
Find your staking or delegation section.
Select your current stake and choose “Deactivate” or “Undelegate.”
Confirm the transaction.
There is a cool-down period (usually about 2–3 days) before you can fully withdraw your SOL after unstaking.
Once the deactivation is complete, you can move your SOL back to your main wallet account, sell it, or restake it somewhere else.
Your staking rewards are also easy to withdraw. Simply transfer them from your staking account to your main account within the wallet.
Staking rewards change over time depending on how many people stake, network performance, and validator fees.
On average, you can expect 6%–8% APY (Annual Percentage Yield) for staking Solana.
For Example
If you stake 100 SOL and the reward rate is 7% APY
In a year, you could earn around 7 SOL as rewards
Validators take a small commission, so the actual earnings might be slightly less but still worthwhile compared to letting your SOL just sit idle.
Pros and Cons of Staking Solana
Pros
Passive income (rewards paid regularly)
Helps secure the Solana network
Cons
Your funds are locked while staking
Market volatility - SOL price can still go down
Cool-down period before you can unstake
Solana staking is a great way to grow your SOL holdings while contributing to the network’s security and decentralization. With easy-to-use wallets like Phantom and trusted validators, even beginners can stake with confidence.
Sudeep Saxena is one of the co-founders of Coin Gabbar. Apart from developing the business, he is also a CMA by profession. Sudeep contributes to #TeamGabbar by writing geopolitical blogs.
Sudeep has an extensive experience in the crypto space and intents to build a rich knowledge bank in the form of blogs and articles, that shall develop a basic understanding of the crypto world for any new entrant in the market. When not writing, he can be found reading books.
You can connect with Sudeep on Twitter and LinkedIn.
4 months ago
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