Solana

SOL

Our Total Stake:
9,402,417
SOL
• Delegators:
3,156
Validator Address
DumiCKHVqoCQKD8roLApzR5Fit8qGV5fVQsJV9sTZk4a
COPY

Solana Staking Tutorial

Your SOLs must be in a wallet or custodial account in order to use our staking services.

Solana Staking Mechanics

Solana Protocol Details

In a Nutshell Report
Solana is a permissionless, open-source, delegated Proof-of-Stake blockchain. It focuses on scalability, sub-second finality, low transaction fees as well as support for all LLVM compatible smart contract languages. It is specifically built to scale transaction throughput without sacrificing decentralization or security through a mechanism known as Proof-of-History.

FAQs

What is the incentive to stake my SOL?

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Once you have staked your SOL, you are contributing to the network's security. In return, you will receive rewards in the form of newly minted SOL. Conversely, if you do not participate in staking, your assets will get diluted over time.

Do I maintain control of my SOL when staking them?

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The validator you delegate your tokens to is not able to access your funds at any point in time since you are only delegating your staking rights. At no point in time, we have control over your SOL or your private key.

What are the risks associated with delegating my SOL token?

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While not implemented yet, it is intended that validators and their delegators are subject to punishment in case of malpractice. This is referred to as "slashing" and can occur in the wake of two events: the validator being offline for too long or the the validator signing two blocks at the same time (aka "double signing"). Excat parameters and details are yet to be released.

How much can I earn by delegating my SOL to Staking Facilities?

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Your annual rewards = block rewards + transaction fees - our commission fee

Use our Reward Calculator above to see how many SOL you can earn through your stake.

Block rewards are paid in newly minted SOL and are subject to the annual inflation rate. Currently, the target Initial Inflation Rate is set to 8%. It will decrease at an annualized rate of 15% until it reaches a stable, long term Inlfation Rate of 1,5%. Please note that this might be subject to change and is dependent on the governance decisions of the network. Transaction fees are market-based participant-to-participant transfers, attached to network interactions as a necessary motivation and compensation for the inclusion and execution of a proposed transaction.

For our service, we charge a commission fee of 8%. We use the fees to fund operating costs and invest back in building tools and software to support the development of the Solana ecosystem.

When will I receive my Solana staking rewards?

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Rewards are paid out at the beginning of the subsequent epoch (~2,5 days).

Are the rewards directly sent to me?

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Rewards automatically accrue on your Stake account.

What do I have to do if I want to sell my delegated SOL?

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You need to stop the delegation, wait for the cool-down period (~2,5 days) to complete, and then withdraw your SOL from your Stake Account to your Wallet Account. In case you want to undelegate only a part of your funds, you first need to “split” the Stake Account that you want to partially undelegate.

You can learn how to do so in our written guides that you find above.

What do I have to do if I want to increase my staking amount?

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If you want to stake more SOL, you need to create a separate Stake Account and fund it accordingly. Do not send funds to your delegated Stake Account!

Are my rewards taxable?

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Unfortunately we cannot answer this question in a general manner as tax regulation differs among legislations. Nevertheless, we advice you to always track your staking operations so you can provide a detailed history of your staking rewards.




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