Solana is a high-performance, non-sharded layer 1 blockchain. It uses proof of history (PoH), a PoH-optimized version of PBFT, and proof-of-stake (PoS) technology.
Step 1: Once you have downloaded the Solflare wallet and have access to your Solflare account, make sure you send the SOL you wish to stake to the address of the account.
Step 2: Once you have the SOL you wish to stake in your account, click on the “Start Staking” button on the right hand side.
Step 3: On the “Native SOL Staking tab, click the orange “Start Staking” button.
Step 4: Input the amount of SOL you wish to stake and then type “Staked” into the search bar under “Validators.” Click on “Staked” once it appears in the search results. Note: this is transfer SOL from your main account to a staking account. Make sure to leave at least 0.1 SOL in your main account to pay for transaction fees such as undelegatingStep 5: Click on the orange “Stake” button. Once the transaction is completed and approved, you are done.
Stake SOL using Phantom wallet
Step 1: Once you have downloaded the Phantom wallet extension (https://phantom.app/) and have access to your Phantom account, make sure you send the SOL you wish to stake to the address of the account.
Step 2: Once you have the SOL you wish to stake in your account, click on your Solana balance in the token list
Step 3: Click on ‘Start earning Sol’ next to the yellow star
Step 4: Search for ‘Staked’ in the search bar of the validator selection screen and select the Staked validator
Step 5: Input the amount of SOL you wish to stake and click the light purple “Stake” button
Step 6: A yellow star will appear with “Staking SOL” below, indicating the transaction is in progress
Step 7: A green checkmark will appear, indicating the transaction is complete.
Solana (SOL) Institutional Staking
Are you an institution looking to stake SOL? Staked has integrated with the largest crypto asset custodians to make staking for institutions and enterprises easy. Staked and your custodian can work together to ensure that your SOL is securely delegated to a Staked-operated node.
Learn more about Staked’s institutional staking capabilities and how we work with custodiansGet in Touch
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