What is Solana?
Solana is a high-performance permissionless blockchain that solves scalability issues without sharding and is suitable for decentralized applications requiring high throughput. Staking in Solana involves delegating your SOL tokens to a validator, who participates in the network's consensus mechanism on your behalf. It's a way to earn rewards and contribute to network security.
What are the benefits of staking Solana?
The benefits of staking SOL are numerous, including earning rewards, improving network security, acquiring more tokens due to inflation, having a say in network improvements, and enhancing the strength and security of the Solana blockchain.
How to stake Solana?
You can stake your SOL tokens by choosing a wallet like Ledger, Phantom, or Solflare, finding the validator in the SOL staking section, and delegating your tokens to it. Use our help centre (https://p2p.org/faq/en/collections/2867673-solana-staking) for detailed information about staking in Solana.
What is the Solana staking APR?
Please visit consolidated P2P.org Rewards and Fees page to check latest APR and Fees for SOL. Your real APR might differ due to the strategy you choose to follow. Additionally, we have a special offer for those who stake +10M USD.
How often are staking rewards distributed?
Solana staking rewards are paid out to stakers approximately every epoch [2-3 days]. More info here.
Is there an unstaking period?
It can take up to 3 days for your SOL tokens to be transferable. More info here.
How to undelegate SOL?
To undelegate your staked SOL, you'll need to initiate an "undelegation" transaction in your wallet. This will start a cooling-off period (1-3 days) after which your tokens will be unstaked.
How to choose a validator for staking?
To choose a validator for staking, consider factors like its commission rate, uptime, and reputation. You can check the performance metrics (https://reports.p2p.org/superset/dashboard/solana_validators_performance/ ) of validators on our public dashboard.
Is there a slashing risk for validators?
There is currently no slashing risk for Solana validators.
Is there a minimum staking amount for Solana?
There is no minimum staking amount for SOL stakers.
Do staking rewards compound?
Yes, Solana staking rewards are compounded automatically.
How to claim staking rewards in Solana?
You typically don't need to do anything to claim your staking rewards in Solana. Rewards are automatically added to your staked balance at the beginning of each epoch.
What is the Solana inflation rate?
The Solana network inflation rate is approximately 5% per year.
How to track staking rewards in Solana?
All P2P.org stakers can find information about their rewards using our public dashboard about Staking Rewards in Solana(https://reports.p2p.org/superset/dashboard/solana_stakers_dashboard/). Also, you can track your staking rewards in Solana using tools available in your chosen wallet or on Solana's Block Explorer.
Is partial Solana delegation eligible?
Yes, you can partially delegate your SOL tokens. To do this, you need to create several staking accounts and stake each one separately. This allows you to spread your delegation across multiple validators if desired.
Is it possible to add more SOL to an already activated staking account?
No, you cannot. To add funds to staking, you need to create a new stake account and delegate from it.
For more information on staking Solana (SOL) with P2P.org and our special offer for large SOL delegations, visit https://p2p.org/solana.
For additional staking support, visit the P2P Solana Help Centre.
You can also get in contact with a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing [email protected].