We have created a step-by-step guide to help you stake your Solana (SOL) tokens using the Phantom wallet!
Before starting you will have to own some SOL - you can purchase it on multiple cryptocurrency exchanges.
Create Phantom Wallet and transfer SOL to it.
To start, you will want to download the Phantom extension on their page.
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.
To create a wallet select "Create New Wallet"
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!
Create a password that you will use to enter your wallet when you are logging in from the same device. Select "Save" to proceed.
Once you have saved your password and proceeded to the next stages, you will have successfully created your wallet!
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".
To find you wallet address select "Send from wallet / Exchange" or alternatively you can Deposit SOL straight from FTX.
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.
Once you have transferred funds into you main authority wallet, you are now ready to start Staking!
Staking Solana
To start start staking go back to the main page of your wallet and select Solana.
Select "Start earning SOL".
To find P2P Validator type it in the search bar. Select it to proceed.
Input the amount you wish to stake and select "Stake" to send out the delegation transaction.
Phantom will create a separate staking account for your stake and then will delegate it to P2P Validator.
Once you see this message, your delegation transaction has now successfully been sent out!
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].