How to stake Solana

How to stake Solana?

And get 6.67% APY

What is Solana?

Dubbed the Ethereum killer

STEP 1

Buy SOL token

On any crypto exchange

Demo

Buy on Crypto.com

STEP 2

Transfer to wallet

Solflare is one of the Solana wallet

Your address on Solana blockchain is different from eg. Ethereum

Demo

Setup Solflare using mnemonic or Ledger

Transfer from Crypto.com -> Solflare

Mnemonic vs Ledger

Both has mnemonic = 24 words secret phrase
Mnemonic is the master key
Password unlocks the data on your computer
Ledger is a simple computer that is hard to hack

STEP 3

Stake/Delegate

Solflare provides staking conveniently

There are 2 types

Native staking
Liquid staking via Marinade (NEW!)

Choosing a validator

Commission 👀 solanabeach.io
APY performance 👀 stakeview.app

Demo

Stake on Solflare

How to stake Solana? And get 6.67% APY