# Solana (SOL)

### What is Solana?

> Solana is a high-performance blockchain known for its **speed, low transaction fees, and active developer ecosystem**. It supports a wide range of applications, including **DeFi, NFTs, and emerging token economies**, making the network vibrant and fast-growing

{% columns %}
{% column width="33.33333333333333%" %} <a href="https://stake.is/stake-sol-docs" class="button primary" data-icon="circle-info">Stake Now</a>
{% endcolumn %}

{% column width="66.66666666666667%" %} <a href="https://solana.com/learn" class="button secondary" data-icon="shield-check">Learn about Solana</a>
{% endcolumn %}
{% endcolumns %}

### How to stake Solana?

{% hint style="info" %}
Validator Name: Everstake

Vote Account: [9QU2QSxhb24FUX3Tu2FpczXjpK3VYrvRudywSZaM29mF](https://solanabeach.io/validator/9QU2QSxhb24FUX3Tu2FpczXjpK3VYrvRudywSZaM29mF)

Commission: 7.00%
{% endhint %}

<details>

<summary><strong>Solana Staking Manual</strong></summary>

### Step-by-Step Guide to Staking SOL via Trezor Suite <a href="#step-by-step_guide_to_staking_sol_via_trezor_suite" id="step-by-step_guide_to_staking_sol_via_trezor_suite"></a>

This guide will take you through the process of staking Solana using your Trezor.

#### Step 1: Connect Your Trezor and Open Trezor Suite

* Plug your Trezor device into your computer.
* Open the Trezor Suite and enter your PIN.
* Navigate to the **Accounts** section and select your Solana (SOL) wallet.

<figure><img src="/files/uKWpwx1lSIzKoO8kxCL6" alt=""><figcaption></figcaption></figure>

#### Step 2: Access the Staking Section

* In your Solana account, go to the Staking section.
* Find and click the **Start** **Staking** button.

<figure><img src="/files/ljFS7bZPJl40B9Z7aSOd" alt=""><figcaption></figcaption></figure>

* You will see the available staking options and details about the staking rewards.
* Click **Continue**.

<figure><img src="/files/3iFPeSk5MHGyHSBv36K5" alt=""><figcaption></figcaption></figure>

#### Step 3: Choose Everstake as Your Validator

* Since Everstake is the default validator, it will be pre-selected.
* Mark your agreement to stake with us.
* Click **Confirm** to proceed.

<figure><img src="/files/3TTcavGgYjhUCtIoLiVn" alt=""><figcaption></figcaption></figure>

#### Step 4: Enter the Amount to Stake

* Decide how much SOL you want to stake.
* Make sure to leave a small balance for transaction fees.
* Click **Continue** to proceed.

<figure><img src="/files/dRGP80bLNTsYrwnAB5CA" alt=""><figcaption></figcaption></figure>

#### Step 5: Confirm the Entry Period

* Read details about the staking process, including the locking period.
* If needed, learn more about how your tokens are locked.

<figure><img src="/files/oeRrb3v2MrzxWnBwAHSk" alt=""><figcaption></figcaption></figure>

* Acknowledge the entry period by marking it as read.
* Click **Confirm & Stake** to proceed.

#### Step 6: Confirm Staking on Your Trezor Device

* Your Trezor device will display transaction details.
* Verify the information carefully.

<figure><img src="/files/j49b6snl0jZr7ssh5Zsm" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/6gQRzAegiQNb8Bjl5uHU" alt=""><figcaption></figcaption></figure>

* Approve the transaction by confirming it on your Trezor device.
* Then click **Stake** to proceed.

#### Step 7: Transaction Processing

* Once confirmed, the transaction will be broadcasted to the Solana blockchain.
* You can check the staking status in your Trezor Suite under the **Staking** tab.

<figure><img src="/files/u1UKVYuoGW5hBr8wxh5I" alt=""><figcaption></figcaption></figure>

### Conclusion <a href="#conclusion" id="conclusion"></a>

Staking Solana with Trezor Suite and Everstake is a secure and user-friendly process. By leveraging Trezor’s hardware security and Everstake’s reliable validation, you can stake with confidence while maintaining full control over your funds.

Start staking your SOL today with Everstake!

</details>

{% embed url="<https://www.youtube.com/watch?v=fFMwkr8z0BU>" %}

### Where can I stake Solana?

You can choose a crypto wallet convenient for you and use the guide at the link or write to Everstake support and get more detailed information

| Wallet Type  | Wallet Name                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| ------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Web**      | <p><a href="https://everstake.one/blog/how-to-stake-solana-sol-using-phantom-wallet">Phantom Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-solana-sol-via-trezor-suite-a-step-by-step-guide">Trezor Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-solana-via-exodus-chrome-extension">Exodus Chrome Extension</a></p><p><a href="https://everstake.one/blog/how-to-stake-solana-sol-in-the-solflare-web-wallet/">Solflare Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-solana-sol-via-slope-web-wallet">Slope Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-sol-with-a-backpack-wallet">Backpack Wallet</a></p>                                                                                                         |
| **Mobile**   | <p><a href="https://everstake.one/blog/how-to-stake-sol-solana-protocol-in-exodus-mobile-wallet">Exodus Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-solana-sol-via-trezor-suite-a-step-by-step-guide">Trezor Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-solana-via-trust-wallet-ios-android">Trust Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-sol-using-solflare-mobile-wallet">Solflare Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-sol-using-phantom-wallet-ios-app">Phantom Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-sol-solana-using-trustee-wallet">Trustee Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-solana-sol-in-the-savl-wallet">SAVL Wallet</a></p> |
| **Hardware** | <p><a href="https://everstake.one/blog/how-to-stake-solana-sol-using-coolwallet">Cool Wallet</a></p><p><a href="https://everstake.one/blog/how-to-stake-sol-in-the-solflare-wallet-via-ledger">Solflare Wallet via Ledger</a></p><p><a href="https://everstake.one/blog/store-stake-solana-sol-in-the-phantom-wallet-via-ledger">Phantom Wallet via Ledger</a></p><p><a href="https://everstake.one/blog/how-to-stake-solana-sol-via-trezor-suite-a-step-by-step-guide">Trezor Wallet</a></p>                                                                                                                                                                                                                                                                                                            |

### Staking Details

| Term                              | Description                                                                                                                                                                                                                      |
| --------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Epoch duration**                | \~2 days                                                                                                                                                                                                                         |
| **Everstake fee**                 | 7.00%                                                                                                                                                                                                                            |
| **Auto-compounding**              | Yes                                                                                                                                                                                                                              |
| **Fee to activate the wallet**    | 0.000005 SOL                                                                                                                                                                                                                     |
| **First reward info**             | Newly delegated tokens are considered “activating” or “warming up”, and are not eligible to earn rewards until they are fully activated. Hence, you need to wait till the next epoch to start earning rewards                    |
| **Reward frequency**              | First rewards: 1 epoch after stake is active (0-2.5 days + 2-2.5 days)                                                                                                                                                           |
| **Min amount ot stake**           | There is no obligatory minimum for commencing staking, but it's recommended to stake a minimum of 0.01 $SOL. This ensures you can cover network transaction fees and retain some $SOL for staking purposes.                      |
| **Unstaking period**              | Newly un-delegated tokens are considered “deactivating” or “cooling down” and are not able to be withdrawn until deactivated. Solana protocol only allows staked tokens to finish changing state at the beginning of a new epoch |
| **Stake (de)activation time**     | 0 - 2.5 days                                                                                                                                                                                                                     |
| **Re-delegating activation time** | 2 - 2.5 days                                                                                                                                                                                                                     |
| **Last Reward**                   | Last rewards earned before unstaking.                                                                                                                                                                                            |
| **Self-Bond**                     | None                                                                                                                                                                                                                             |
| **Active set**                    | None                                                                                                                                                                                                                             |
| **Slashing**                      | No automated slashing currently implemented in the protocol. Can be done by a manual action from the community.                                                                                                                  |

### Why Everstake?

* Everstake is the №1 staking infrastructure platform, trusted by over 1.6M users and institutional clients worldwide. Committed to the highest standards of compliance with certifications such as SOC 2 Type II, CCPA/CRPA, ISO 27001, and GDPR, we deliver secure and reliable staking solutions across 130+ supported chains with a reliability rate of 99.98%
* Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security.

### Everstake Participation

> As a Solana validator, Everstake contributes to the overall success and growth of the Solana blockchain from the network's initial launch. Our technical expertise and robust infrastructure help maintain the reliability of the network. We are responsible for keeping systems up and running, which is crucial for the uninterrupted operation of the blockchain and the timely processing of transactions. In recent years, we have become the leader in the number of staking accounts among all validators, which shows users' trust and interest in Everstake.
>
> Also, we contribute to the Solana ecosystem, developing different projects, for example:
>
> [Extrnode](https://extrnode.com/) - decentralized RPC gateway. We are building a battle-tested decentralized RPC gateway to allow developers to connect their dApps to a cluster of public RPC nodes and reputable Solana validators & RPC providers and automatically reroute responses if any node is down. Recently, we have introduced experimental support of Solana WebSockets.

### FAQ

<details>

<summary><strong>Solana Explorers</strong></summary>

* [Official Solana Explorer](https://explorer.solana.com/)
* [Solana Scan](https://solscan.io/)
* [Solana Beach](https://solanabeach.io/)
* [Solana FM](https://solana.fm/?cluster=mainnet-qn1)
* [StakeWiz](https://stakewiz.com/)
* [Solana Compass](https://www.validators.app/?locale=en\&network=mainnet\&order=stake)
* [Validators App](https://www.validators.app/?locale=en\&network=mainnet\&order=stake)

</details>

<details>

<summary><strong>What is SOL?</strong></summary>

SOL is Solana’s native cryptocurrency, which works as a utility token. Users need SOL to pay transaction fees when making transfers or interacting with [smart contracts.](https://academy.binance.com/en/articles/what-are-smart-contracts) The network burns SOL as part of its deflationary model. Like Ethereum, Solana allows developers to build smart contracts and create projects based on the blockchain.

SOL uses the SPL protocol. SPL is the token standard of the Solana blockchain, similar to ERC20 on Ethereum. The SOL token has two main use cases:

* Paying for transaction fees incurred when using the network or smart contracts.
* Staking tokens as part of the Proof of Stake consensus mechanism.

</details>

<details>

<summary><strong>Solana Tokenomics</strong></summary>

The network was launched with an annual inflation rate around 8%, set to decrease by 15% per year until a long-term stable rate of 1.5% is reached, however these parameters are yet to be finalized by the community. These issuances are to be split and distributed to participating validators, with around 95% of the issued tokens allocated for validator rewards initially (the remaining 5% reserved for Foundation operating expenses). Because the network will be distributing a fixed amount of inflation rewards across the stake-weighted validator set, the yield observed for staked tokens will be primarily a function of the amount of staked tokens in relation to the total token supply.

</details>

<details>

<summary><strong>How Everstake deduces validator fee?</strong></summary>

“Validator fee” refers to the rewards received by Validator for participating in the Blockchain network Validation process. Everstake determines the validator fee through a process involving analysis and consideration of various factors, such as network requirements, operational costs, and market dynamics.

</details>

<details>

<summary><strong>Control over User's Funds</strong></summary>

Validators don't have control over users' funds in blockchain networks. Instead, they validate transactions and participate in the consensus process based on the rules defined by the network protocol. Users retain control over their funds through private keys, which are used to sign transactions and authorize transfers. Validators' roles involve confirming the validity of transactions and blocks, but they don't have the authority to access or manipulate users' funds.

</details>

<details>

<summary><strong>Rewards Distribution</strong></summary>

Solana stake accounts are **auto-compounding**, meaning rewards are automatically added to the staked balance. It typically takes about **two epochs** for a new stake to become active and start earning rewards, while **unstaking requires around two days**. The exact activation and deactivation times may vary depending on network-wide stake and unstake requests.

Staking rewards on Solana are funded through **inflation**, where new SOL tokens are issued each epoch. Inflation was first enabled on mainnet-beta in early 2021 with an initial rate of **8%**, which decreases by **15% of the previous year’s rate annually** until it stabilizes at a long-term target of **1.5%**.

The yield a delegator receives depends on the **current inflation rate, the total amount of SOL staked, validator uptime, and validator commission**. Validator commission is a percentage fee deducted from staking rewards, while uptime is measured by the validator’s voting performance. Validators earn vote credits for each successful vote, which are tallied at the end of each epoch to calculate rewards.

In addition to staking rewards, validators also earn a portion of **transaction fees**. Each transaction costs **0.000005 SOL** per signature. When a validator produces a block, it receives **50% of the transaction fees** included in that block, while the remaining 50% is permanently burned. Although block rewards contribute to overall APY, they represent a smaller share compared to staking rewards from inflation.

</details>


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