We have created a step-by-step guide to help you stake your Solana (SOL) tokens using Solflare wallet!
Before starting you will have to own some SOL - you can purchase it on multiple cryptocurrency exchanges.
Create Solflare wallet
To create a wallet select "Access" on the Solflare page.
Then select "Create a new wallet".
Create a password that you will use to enter your wallet and to submit transactions. Select "Next" to proceed.
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!
Verify your Mnemonic phrase by typing it back in. Once completed, select "Verify".
Thats 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.
Transfer SOL to your wallet
To find your receiving address select "Receive".
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.
Once you have transferred funds into you main authority wallet, you are now ready to start Staking!
Staking Solana
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". Lastly select "Start Staking".
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.
To find P2P Validator type it in the search bar. Select "Stake" to proceed.
You will then be prompted to enter your password one last time for security reasons.
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.
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!
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].