What is Solana?
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 do I 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 APY for staking SOL?
The APY for staking SOL is around 7.5%, although this can vary depending on network conditions.
How often are staking rewards distributed?
Staking rewards in Solana are distributed based on each epoch, which is approximately 2-3 days.
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.
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.
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.
Can I partially delegate my SOL tokens?
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.
Can I add 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].