There are multiple blockchain based platforms with different value propositions and smart-contract functionalities. In order to scale, most layer one blockchains need a second layers that break composability and increase developer complexity. Aptos focuses on safety and user experience aiming to achieve mass adoption at scale within a single layer. The team behind it came from the Libra Blockchain with more than three years of research and development experience on their hands.
Aptos utilizes Move, a programming language developed specifically to tackle security issues. A formal verification tool will help decrease the probability of smart contract bugs. Offering access control, Move ensures that only public module functions may be accessed by other modules. Modules in Move may either be a library or a program that can create, store, or transfer assets.
Aptos ecosystem should become a friendly environment for developers that prioritize user experience. With existing safety properties it can become a convenient place to build decentralized and secure applications.
With that in mind, P2P is thrilled to become Aptos partner and participate in the mainnet launch to make the network secure from the very beginning. Aptos value proposition is fully in line with our mission of making crypto secure simple and accessible to everyone.
Our team has deep expertise in operating highly-available infrastructure. We utilize first-class security practices, custom monitoring and alerting systems to ensure a high level of efficiency from our nodes. P2P provides 24/7 technical support, transparent reward reporting and our support team is always ready to help.
If you have at least 1 million APT and want to launch your own whitelabel node for Aptos, feel free to contact us on p2p.org/networks/aptos to benefit from our special offer.
Aptos is a secure and scalable blockchain platform that aims to open access to decentralized assets for billions of people around the world. The team consists of the original creators, researchers, designers, and builders of Diem having 3+ years of research and development in this field. Aptos raised ~$350M from Andreessen Horowitz, Multicoin Capital, Circle Ventures, FTX Ventures, Jump Crypto and other notable VCs to grow the ecosystem at lightning speed.
Learn more by visiting official website and Twitter. If you are a dApp developer, start here and join the discussion on Discord.
P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 1,5 billion of USD value is staked with P2P Validator by over 25,000 delegators across 25+ networks. We have successfully participated in AIT3 and joined Aptos as a partner. P2P is committed to the long term success of the Aptos.
<p>We are happy to announce the upgrade of the Lido on Solana program from December,6 to December, 8.</p><p>This upgrade focuses on validators in order to enable a more healthy validator economy: allowing operators to use their existing public Solana nodes with a commission of not more than 5%.</p><p>The proposal has successfully gone through <a href="https://snapshot.org/?ref=p2p.org#/lido-snapshot.eth/proposal/0x5844beba37131b3621c5c96621603db7cb7e2771d1c690dc6869ebd117e12abb">Lido DAO voting</a> , and the program code was <a href="https://reports.neodyme.io/reports/lido_v2_report/?ref=p2p.org">audited</a> by <a href="https://neodyme.io/?ref=p2p.org">Neodyme</a>.</p><h2 id="why">Why</h2><p>The reasoning and other details on this update are described in this <a href="https://research.lido.fi/t/lido-on-solana-protocol-upgrade-proposal/2959?ref=p2p.org">forum post</a>. This update is mainly aimed at changes in how the contract work with validators, these are the main points:</p><ul><li>Validators will not need to set withdraw authority to Lido anymore and they will receive block rewards and staking rewards in SOL (instead of stSOL) to their accounts directly.</li><li>There is no need for 100% commission nodes, so node operators can use their public node in the Lido set or make their existing Lido node public.</li><li>Set the maximum node commission to 5% to be eligible to receive a delegation from Lido on Solana.</li></ul><p>As per our<a href="https://p2p.org/economy/lido-on-solana-validator-set-vision/"> vision of a decentralized validator set</a>, we look to enable a more healthy validator economy where new and existing validators can look to participate. Our goal is to create a sustainable, high-performance validator set for Solana.</p><h2 id="rewards-distribution-model-change">Rewards distribution model change</h2><p>As an expected result of the changes above, the staking rewards distribution model will change slightly.</p><ul><li>In the current version of the smart contract, all the rewards are distributed simultaneously and precisely between node operators (5%), the DAO treasury (4%), the developers (1%), and the stakers (90%).</li><li>After the update, the 5% (max, it can be set lower) goes to the node operator, then from the remainder, the DAO treasury (4%) and the developer (1%) fees are subtracted. The remaining share goes to the stakers.</li></ul><p>As a result, the share of the treasury and the developer decreased slightly, the validator’s share remains the same, and the staker’s part (APY) increases slightly.</p><h2 id="update-timeline">Update timeline</h2><p>All these changes were published as proposals (<a href="https://research.lido.fi/t/lido-on-solana-protocol-upgrade-proposal/2959?ref=p2p.org">main contract changes</a> and <a href="https://research.lido.fi/t/lido-on-solana-maximum-validator-commission-proposal/2979?ref=p2p.org">max commission setting</a>) on the Lido research forum. We also launched a <a href="https://snapshot.org/?ref=p2p.org#/lido-snapshot.eth/proposal/0x5844beba37131b3621c5c96621603db7cb7e2771d1c690dc6869ebd117e12abb">DAO voting</a> concerning these changes, which ended successfully on the 25th of October.</p><p>We divided the update process into 3 main phases: preparation, program update, and post-deployment phases.</p><h2 id="preparation-phase">Preparation phase</h2><p><strong>Duration:</strong> 1 epoch;<br><strong>Impact:</strong> none;</p><p>During this phase, we will deactivate all the validators. This will be achieved by creating a special transaction and having multisig owners sign it. Validators will be deactivated at the start of the next epoch.</p><p>We plan to execute this transaction at the end of the epoch, so for most of the epoch, everything will work as expected.</p><h2 id="program-update-phase">Program update phase</h2><p><strong>Duration</strong>: 1 epoch;<br><strong>Impact:</strong> Unstake commands can’t be performed, validators are not voting, and not getting any rewards.</p><p>During this phase, all the stake is stored in Lido on Solana reserve account, and all the validators are deactivated and not voting. During this phase users still can stake their SOL and get stSOL, but obviously can not unstake. They can operate their stSOL in DeFI apps without any issues though.</p><p>In this epoch, we will update the program and bring it to life by creating a special transaction. Multisig owners will check and sign it. The updated program will start working on the next epoch.</p><p>During this epoch, validators are to configure their nodes to participate in the Lido pool with new requirements (public node, ≤5% commission). At the end of this phase, we create another transaction that will add the validators to the Lido on Solana pool on the next epoch.</p><p>Maintainer bots also have to update their program and restart in this phase too.</p><h2 id="post-deployment-phase">Post-deployment phase </h2><!--kg-card-begin: markdown--><p><strong>Duration:</strong> 2-4 hours<br> <strong>Impact:</strong> none</p> <!--kg-card-end: markdown--><p>In this phase, everything starts working as intended. We will check if the validators’ nodes work correctly, vote, and get rewards. We also going to run the final tests and make sure that all the partners work correctly with our updated CLI, staking and unstacking operations can be performed.</p><p>After this phase, the update concludes.</p><h1 id="summary">Summary</h1><p>As an expected result of the program update process, we are losing rewards for one epoch, and users can’t perform unstake operations during the program update phase.</p><p>This will result in an insignificant APY decrease, but we consider this a reasonable loss and hope to compensate for it with a better-performing validator pool and small changes in the rewards distribution model, as described in the DAO voting proposal.</p><h1 id="documentation-and-guides">Documentation and guides</h1><ul><li>Research forum proposals: <a href="https://research.lido.fi/t/lido-on-solana-protocol-upgrade-proposal/2959?ref=p2p.org">1</a>,<a href="https://research.lido.fi/t/lido-on-solana-maximum-validator-commission-proposal/2979?ref=p2p.org">2</a></li><li><a href="https://snapshot.org/?ref=p2p.org#/lido-snapshot.eth/proposal/0x5844beba37131b3621c5c96621603db7cb7e2771d1c690dc6869ebd117e12abb">LIDO DAO Voting</a></li><li><a href="https://docs.solana.lido.fi/frontend-integration/manual-instructions/?ref=p2p.org">Migration guide for external integrations</a></li></ul>
from p2p validator
<!--kg-card-begin: markdown--><p>Table of Contents</p> <ul> <li><a href="#T1"><span style=" font-size:16px"> What is Solana (SOL) Staking? </span></a></li> <li><a href="#T2"><span style=" font-size:16px"> Why Stake Solana (SOL) with P2P? </span></a></li> <li><a href="#T3"><span style=" font-size:16px"> Solana (SOL) Staking Rewards & Fees<br> </span></a></li> <li><a href="#T4"><span style=" font-size:16px"> Solana (SOL) Warm-up & Reward Distribution Frequency </span></a></li> <li><a href="#T5"><span style=" font-size:16px"> Solana (SOL) Undelegation Period </span></a></li> <li><a href="#T6"><span style=" font-size:16px"> Partially Delegating and Undelegating Solana (SOL) with Solflare </span></a></li> <li><a href="#T7"><span style=" font-size:16px"> How to Track my Solana (SOL) Staking Rewards<br> </span></a></li> <li><a href="#T8"><span style=" font-size:16px"> Monitoring Solana (SOL) Staking Rewards Using Solflare Wallet </span></a></li> <li><a href="#T9"><span style=" font-size:16px"> How Do I Claim Solana (SOL) Staking Rewards? </span></a></li> <li><a href="#T10"><span style=" font-size:16px"> Solana Liquid staking </span></a></li> <li><a href="#T11"><span style=" font-size:16px"> Solflare + Ledger Solana (SOL) Staking Guide </span></a></li> <li><a href="#T12"><span style=" font-size:16px"> Solflare Solana (SOL) Staking Guide </span></a></li> <li><a href="#T13"><span style=" font-size:16px"> Phantom Solana (SOL) Staking Guide </span></a></li> <li><a href="#T14"><span style=" font-size:16px"> Solana (SOL) Staking FAQ </span></a></li> </ul> <h2 id="what-is-solana-sol-staking-a-namet1a">What is Solana (SOL) Staking? <a name="T1"></a></h2> <p>When staking Solana (SOL) you are supporting the network with the additional benefit of compounding your SOL!</p> <p>Staking SOL is the process of holding SOL "stake" to partake and support the operations in the Solana network to receive rewards. In order to be a "Validator" and participate in these operations, one is required to maintain a server running continuously, technological knowhow, experience, and have a significant self-bond (surety bond).<br> This is where P2P Validator comes in, we allow SOL token holders to forget about all the heavy lifting i.e maintenance, surety bonds etc. by "delegating" their holdings to P2P to receive these rewards. We accumulate users' stake and act as a major validation node, receiving and allocating staking rewards between our users pro rata to the delegation.</p> <p>Users that chose to stake with P2P maintain full custody of their SOL at all times and P2P will never have access to them.</p> <h2 id="why-stake-solana-sol-with-p2p-a-namet2a">Why Stake Solana (SOL) with P2P? <a name="T2"></a></h2> <p>P2P is a leading Solana validator with more than 4 million in staked SOL, the highest network reliability & low staking fees. We monitor and maintain Solana nodes to ensure maximum efficiency for SOL stakers.</p> <p>As we are SOL seed investors, it is very important to define the best means of network management and development. Our technical team has been involved in all of the Tour de Sol dry runs with the highest efficiency and has participated in all of TdS and SLP. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance. Our aim is to provide a secure and reliable service at the lowest cost maximising rewards for our delegators.</p> <h3 id="so-why-stake-sol-with-p2p">So why stake SOL with P2P?</h3> <ul> <li>High performance: low skip rate, high uptime</li> <li>Own Skin in the game with 2M+ SOL</li> <li>Secure, non-custodial staking</li> <li>Solana seed investors and contributors.</li> <li>Experienced DevOps’s team (Working with Solana from 2019)</li> <li>Ecosystem contributors (Solana Wormhole Hackaton winners)</li> <li>24/7 monitoring of machine and protocol metrics</li> </ul> <p>P2P Validator provides additional benefits for Stakers with more than 100k SOL, making it the best place for large investors. Get in touch with us here to learn more about how we can address your staking needs.</p> <h2 id="solana-sol-staking-rewards-fees-a-namet3a">Solana (SOL) Staking Rewards & Fees <a name="T3"></a></h2> <p>You will be earning an estimated 7% APR when staking Solana (SOL) with P2P.</p> <p>In order to run the staking infrastructure, we charge a 7% fee on your rewards. The rewards after taking the fee into consideration will therefore be 6.51%.</p> <p>Example:</p> <p>I delegate 1000 SOL to P2P</p> <p>Reward: 10007% = 70 SOL<br> Fee = 707% = 4.9 SOL</p> <p>Estimated balance after 1 year = 1000+70-4.9 = 1065.1 SOL</p> <p>Please keep in mind that the APR specified is approximate and changes along with network conditions.</p> <h2 id="solana-sol-warm-up-reward-distribution-frequency-a-namet4a">Solana (SOL) Warm-up & Reward Distribution Frequency <a name="T4"></a></h2> <p>One epoch in the SOL network lasts approximately 2-3 days.</p> <p>You will start earning rewards once your delegation goes from activating to effective, which takes one full epoch. You will then receive your rewards in the following epoch.</p> <p>Lets assume you select to delegate your SOL in epoch E1:</p> <p>E1: Your SOL is activating (up to approx. 2-3 days)<br> E2: Your SOL is effective (approx. 2-3 days)<br> E3: Receive your rewards for epoch E2</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/1-2.png" alt="Reward frequency"> </p> <p>Once your SOL stake is active, you will receive rewards every epoch. Rewards will automatically be added and compounded to your staked balance.</p> <h2 id="solana-sol-undelegation-period-a-namet5a">Solana (SOL) Undelegation Period <a name="T5"></a></h2> <p>One epoch in the SOL network lasts around 2-3 days.</p> <p>It takes one full epoch to deactivate your SOL delegation - once finished you will be able to withdraw it. This will include your original stake and any rewards you earned.</p> <p>Lets assume you select to undelegate your SOL in epoch E1:</p> <p>E1: Will start deactivating your Stake.<br> E2: Stake is undelegated and is available to withdaw.</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/2-2.png" alt="Undelegation Period"> </p> <h2 id="partially-delegating-and-undelegating-solana-sol-with-solflare-a-namet6a">Partially Delegating and Undelegating Solana (SOL) with Solflare <a name="T6"></a></h2> <h3 id="main-authority-and-staking-accounts">Main Authority and Staking accounts</h3> <p>In Solflare you have a main authority address where you can transfer SOL to and from your staking account(s).</p> <p>Main authority account can be found on your "Portfolio page".</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image1.png" alt="Main Authority account"> </p> <p>You cannot transfer SOL directly from one staking account to another without first going through your main authority address. Staking accounts are used in order to delegate your SOL to validators.</p> <p>Staking accounts can be found on your "Staking page". In the image below you can see that I have created three staking accounts. Two are activating (meaning my delegation transaction has been confirmed buy my stake is in the warming up period), and one is inactive (not staking).</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image7.png" alt="Staking accounts"> </p> <p>Only the full amount in a staking account can be delegated or undelegated. IE within one staking account, you will not be able to input a specific amount to partially delegate or undelegate. Furthermore, delegating and undelegating have warm-up and cool-down periods respectively. For these two reasons, it is important to understand the options available to partially undelegate your SOL with staking accounts to avoid waiting.</p> <p>For example if you have 100 SOL being delegated in a staking account and you want to undelegate and withdraw 50 SOL, it would be a waste of time to undelegate 100 SOL and wait for the cool down, withdraw 50 SOL out of your account, and then delegate 50 SOL again and wait for the warm-up. During the warm-up period you will not be earning rewards.</p> <p>Fortunately, Solflare has created the option to split a staking account, which provides a solution to partially delegate or undelegate your SOL without wasting time and rewards.</p> <h3 id="splitting-accounts">Splitting accounts</h3> <p>You can only delegate or undelegate the full amount - as opposed to a partial amount - in a staking account. To delegate or undelegate a partial amount you have the option to "split" your staking account. This will take a staking account and it will split it into two seperate ones, with the new account being transferred the split amount of SOL. Both accounts will keep the same status as it had before (delegating, activating, or inactive).</p> <ol> <li>To find the split function, first select your account and then "SPLIT".</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image24.png" alt="Split Solflare account"> </p> <ol start="2"> <li>Input the amount that you would like to move out of your staking account into the new one.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image10.png" alt="Split amount"> </p> <ol start="3"> <li> <p>Confirm the transaction.</p> </li> <li> <p>Once your new staking account has been created with the split amount, you can undelegate or delegate the SOL there.</p> </li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image13.png" alt="Delegate/Undelegate SOL"> </p> <p>You will then have to wait the cooldown period before your funds are available to withdraw.</p> <h2 id="how-to-track-my-solana-sol-staking-rewards-a-namet7a">How to Track my Solana (SOL) Staking Rewards <a name="T7"></a></h2> <p>To track your rewards you can use the Solana beach explorer. This explorer allows you to track any transactions made on any address on the Solana blockchain.</p> <p>Note that some wallets, like Solflare, have a table of your staking rewards integrated in their wallet already (more info here). However, this guide will allow anyone to be able to track their SOL rewards regardless of which wallet provider they use and which validator they selected to stake with.</p> <h3 id="track-your-rewards">Track your rewards</h3> <p>First you will need to find your staking accounts address to input into the Solana beach explorer. It will be a series of 44 characters and numbers.</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image8.png" alt="Solana beach"> </p> <p>Once you have searched for your staking accounts address, scroll down and select "Stake Rewards". Here you will be provided a table with your rewards for each epoch.</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image2.png" alt="Stake rewards"> </p> <p>That's it! Remember that if you have any questions along the way or would like to share some feedback, please dont hesitate to contact us as we will be more than happy to help.</p> <h2 id="monitoring-solana-sol-staking-rewards-using-solflare-wallet-a-namet8a">Monitoring Solana (SOL) Staking Rewards Using Solflare Wallet <a name="T8"></a></h2> <p>You can track the staking rewards on your Solflare staking account. In order to do so, simply go to the staking page on Solflare and select the staking account address you are interested in.</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image18.png" alt="Stake Solflare"> </p> <p>Details will appear, showing your reward payouts for each epoch that you were actively delegating.</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image17.png" alt="Reward payouts"> </p> <p>For all past epochs, you will be able to view:</p> <ul> <li>Epoch</li> <li>Amount of rewards earned</li> <li>Balance update</li> <li>APR</li> <li>Commission charged</li> <li>Date the reward was received</li> </ul> <h2 id="how-do-i-claim-solana-sol-staking-rewards-a-namet9a">How Do I Claim Solana (SOL) Staking Rewards? <a name="T9"></a></h2> <p>One epoch in Solana lasts approximately 2-3 days.</p> <p>With your effective staked SOL, you will receive rewards every 2-3 days and it will automatically be added and compounded to your staked amount.</p> <p>If you want to withdraw your rewards, you will have to first undelegate your stake.</p> <h2 id="solana-liquid-staking-a-namet10a">Solana Liquid staking <a name="T10"></a></h2> <p>The pillar of P2P's core principals has since the beginning been decentralization. We believe that cryptocurrencies and the whole emerging industry surrounding it was built upon this.</p> <p>We believe in the benefits and the work being done on liquid staking solutions for this emerging industry and this is why we are proud to be not only one of the validators for LIDO's liquid Solana staking but also in charge of it's development.</p> <p>Liquid staking is a great way to build and develop new opportunities for the cryptocurrency industry to grow on both the staking and DeFI sectors.</p> <h2 id="solflare-ledger-solana-sol-staking-guide-a-namet11a">Solflare + Ledger Solana (SOL) Staking Guide <a name="T11"></a></h2> <!--kg-card-end: markdown--><!--kg-card-begin: html--><p align="center"> <iframe width="720" height="405" src="https://www.youtube.com/embed/Qc__wcHApIg" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </p><!--kg-card-end: html--><!--kg-card-begin: markdown--><h2 id="solflare-solana-sol-staking-guide-a-namet12a">Solflare Solana (SOL) Staking Guide <a name="T12"></a></h2> <!--kg-card-end: markdown--><!--kg-card-begin: html--><p align="center"> <iframe width="720" height="405" src="https://www.youtube.com/embed/bJzPfYAIiNk" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </p><!--kg-card-end: html--><!--kg-card-begin: markdown--><p>Before starting you will have to own some SOL - you can purchase it on multiple <a href="https://coinmarketcap.com/rankings/exchanges/?ref=p2p.org">cryptocurrency exchanges</a>.</p> <h3 id="create-solflare-wallet">Create Solflare wallet</h3> <ol> <li>To create a wallet select "Access" on the Solflare page.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image30.png" alt="Solflare"> </p> <ol start="2"> <li>Then select "Create a new wallet".</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image3.png" alt="Create new wallet"> </p> <ol start="3"> <li>Create a password that you will use to enter your wallet and to submit transactions. Select "Next" to proceed.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image19.png" alt="Create password"> </p> <ol start="4"> <li>Save your Mnemonic phrase somewhere secure! You will need this to recover your account to enter it from a new device or even from a new account on a browser, or potentially after a browser upgrade. If you lose it, you will lose access to your funds! Do not share this Mnemonic phrase with anyone, anyone who has access to it will have access to your funds!</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image6.png" alt="Save Mnemonic phrase"> </p> <ol start="5"> <li>Verify your Mnemonic phrase by typing it back in. Once completed, select "Verify".</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image4.png" alt="Verify Mnemonic phrase"> </p> <ol start="6"> <li>That's it your wallet has been created! After successfully completing the steps above, you will find yourself in the main menu of Solflare where you will find information about your wallet account address.</li> </ol> <h3 id="transfer-sol-to-your-wallet">Transfer SOL to your wallet</h3> <ol> <li>To find your receiving address select "Receive".</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image12.png" alt="Receive Address"> </p> <ol start="2"> <li>A pop up window will appear with your Solflare main authority address, and alternatively a QR code. Use this receiving address to send your SOL to your Solflare wallet.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image35.png" alt="Receive SOL"> </p> <p>Once you have transferred funds into your main authority wallet, you are now ready to start Staking!</p> <h3 id="staking-solana">Staking Solana</h3> <ol> <li>To start staking, you must first go to the staking section of the wallet by selecting "Staking" on the top of the page. You will then be given three options, Liquid SOL Staking, Native SOL Staking, and SLRS Staking. Select "Native SOL Staking". You can find more information about Liquid SOL Staking on Lido's SOL Page. Lastly select "Start Staking".</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image37.png" alt="Staking SOL"> </p> <ol start="2"> <li>A pop up window will appear. Input the amount you wish to stake and the validator you wish to stake with. Leave some SOL in your wallet to pay for transaction fees. Since they are very low at Solana, only a small amount is required.</li> </ol> <p>To find P2P Validator type it in the search bar. Select "Stake" to proceed.</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image29.png" alt="Select P2P Validator"> </p> <ol start="3"> <li>You will then be prompted to enter your password one last time for security reasons.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image33.png" alt="Enter password"> </p> <ol start="4"> <li>Once your delegation transaction has been confirmed, you will see that your stake is activating. For more information on when you will start receiving rewards please refer to our SOL Warm-Up article.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image21.png" alt="Confirm delegation"> </p> <p>That's it! You are now delegating your SOL to P2P Validator. Note that your SOL are still fully in your custody, but you are delegating them to P2P to help us partake in network activities and you will be rewarded for your contribution!</p> <!--kg-card-end: markdown--><!--kg-card-begin: markdown--><h2 id="phantom-solana-sol-staking-guide-a-namet13a">Phantom Solana (SOL) Staking Guide <a name="T13"></a></h2> <!--kg-card-end: markdown--><!--kg-card-begin: html--><p align="center"> <iframe width="720" height="405" src="https://www.youtube.com/embed/TXZF78L-wPg" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </p><!--kg-card-end: html--><!--kg-card-begin: markdown--><p>Before starting you will have to own some SOL - you can purchase it on multiple <a href="https://coinmarketcap.com/rankings/exchanges/?ref=p2p.org">cryptocurrency exchanges</a>.</p> <h3 id="create-phantom-wallet-and-transfer-sol-to-it">Create Phantom Wallet and transfer SOL to it.</h3> <ol> <li>To start, you will want to download the Phantom extension on their <a href="https://phantom.app/?ref=p2p.org">page</a>.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image28.png" alt="Download phantom wallet"> </p> <ol start="2"> <li>If the wallet page does not open up automatically after downloaded, you should select Phantom in your list of extensions. If you are using Google chrome, you can find your extension in the top right of the page.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image9.png" alt="Phantom wallet extension"> </p> <ol start="3"> <li>To create a wallet select "Create New Wallet"</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image31.png" alt="Create new Phantom wallet"> </p> <ol start="4"> <li>You will first be asked to save your Secrete Recovery Phrase. Save it somewhere secure! You will need this to recover your account to enter it from a new device or even from a new account on a browser, or potentially after a browser upgrade. If you lose it, you will lose access to your funds! Do not share this Secret Recovery Phrase with anyone, anyone who has access to it will have access to your funds!</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image27.png" alt="Save Secret Recovery Phrase"> </p> <ol start="5"> <li>Create a password that you will use to enter your wallet when you are logging in from the same device. Select "Save" to proceed.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image25.png" alt="Create a password for Phantom Wallet"> </p> <ol start="6"> <li>Once you have saved your password and proceeded to the next stages, you will have successfully created your wallet!</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image32.png" alt="Successfully create phantom wallet"> </p> <p>7.You will then want to transfer your SOL into your Phantom wallet where you will have fully custody of your SOL. To find your receiving address select "Receive".</p> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image5.png" alt="Receive SOL"> </p> <ol start="8"> <li>To find you wallet address select "Send from wallet / Exchange" or alternatively you can Deposit SOL straight from FTX.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image14.png" alt="Find Phantom Wallet Address"> </p> <ol start="9"> <li>Phantom will provide you with a QR code as well as a button to copy your wallet address. You can use this receiving address to send your SOL to your Phantom wallet.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image20.png" alt="Receive SOL on Phantom"> </p> <p>Once you have transferred funds into you main authority wallet, you are now ready to start Staking!</p> <h3 id="staking-solana">Staking Solana</h3> <ol> <li>To start start staking go back to the main page of your wallet and select Solana.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image22.png" alt="Start Staking SOL on Phantom Wallet"> </p> <ol start="2"> <li>Select "Start earning SOL".</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image26.png" alt="Start Earning SOL"> </p> <ol start="3"> <li>To find P2P Validator type it in the search bar. Select it to proceed.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image36.png" alt="Find P2P Validator"> </p> <ol start="4"> <li>Enter the amount you wish to stake and select "Stake" to send out the delegation transaction.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image23.png" alt="Enter SOL Staking Amount"> </p> <ol start="5"> <li>Phantom will create a separate staking account for your stake and then will delegate it to P2P Validator.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image15.png" alt="Staking Account"> </p> <ol start="6"> <li>Once you see this message, your delegation transaction has now successfully been sent out!</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image38.png" alt="SOL Staked"> </p> <ol start="7"> <li>You will see that your stake is activating. For more information on when you will start receiving rewards please refer to our SOL Warm-Up article.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2022/09/image11.png" alt="SOL Stake Activating"> </p> <p>That's it! You are now delegating your SOL to P2P Validator. Note that your SOL are still fully in your custody, but you are delegating them to P2P to help us partake in network activities and you will be rewarded for your contribution!</p> <!--kg-card-end: markdown--><!--kg-card-begin: markdown--><h2 id="solana-sol-staking-faq-a-namet14a">Solana (SOL) Staking FAQ <a name="T14"></a></h2> <h3 id="what-is-solana">What is Solana?</h3> <p>Solana is a high-performance permissionless blockchain solving scalability issues without sharding and suitable for decentralized applications requiring high throughput.</p> <h3 id="what-is-the-solana-staking-apr">What is the Solana staking APR?</h3> <p>The Solana staking reward is approximately 7%. More info here.</p> <h3 id="how-often-are-staking-rewards-distributed">How often are staking rewards distributed?</h3> <p>Solana staking rewards are paid out to stakers approximately every epoch (2-3 days). More info here.</p> <h3 id="is-there-an-unstaking-period">Is there an unstaking period?</h3> <p>It can take up to 3 days for your SOL tokens to be transferable. More info here.</p> <h3 id="is-there-a-slashing-risk-for-validators">Is there a slashing risk for validators?</h3> <p>There is currently no slashing risk for Solana validators.</p> <h3 id="is-there-a-minimum-staking-amount-for-solana">Is there a minimum staking amount for Solana?</h3> <p>There is no minimum staking amount for SOL stakers.</p> <h3 id="do-staking-rewards-compound">Do staking rewards compound?</h3> <p>Yes, Solana staking rewards are compounded automatically.</p> <h3 id="what-is-the-solana-inflation-rate">What is the Solana inflation rate?</h3> <p>The Solana network inflation rate is approximately 8% per year.</p> <!--kg-card-end: markdown-->
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