Staking SOL is a simple way to make your tokens work for you. Instead of keeping them, you can delegate them to a validator, help secure the Solana network, and receive rewards at the same time.
If you’re using Squads, things get even easier. Squads is a platform that lets teams and DAOs manage crypto assets together in a secure, shared wallet. And now you can stake SOL directly from your Squad vault. This guide will show you exactly how to do it, step-by-step.
What is Squads?
Squads is a tool for managing crypto funds on Solana. It’s built for teams, DAOs, and projects that need to keep assets safe and make decisions together.
Here’s why people use it:
- Shared control (multisig): Instead of one person holding the keys, several team members approve transactions.
- Treasury features: Send tokens, stake SOL, interact with Solana programs, all in one interface.
- Flexible setup: Add rules or automations if needed.
- Popular with DAOs and teams: Works great for groups that need transparency and security.
In short, Squads is like a shared wallet with extra safety and tools for managing your funds.
Why Stake Solana?
Staking SOL helps maintain the Solana network’s performance and integrity. In return, you get rewards paid out in SOL for delegating your tokens to a validator that participates in consensus.
Reasons to stake your SOL:
- Get rewards: Your SOL doesn’t just sit there; it receives rewards.
- Support decentralization: You support the network by delegating to trusted validators.
- Non-custodial: You keep full ownership; your SOL stays in your wallet, just locked for staking.
By staking through Squads, you combine these benefits with enhanced control and multisig governance, it is ideal way for organizations managing shared capital.
How to Stake SOL with Everstake in Squads
Ensure your wallet is connected to Squads and you have enough SOL in your vault before proceeding.
Step 1: Connect Your Wallet
- Go to Squads App and click on Connect wallet.
- Choose a suitable wallet from the list.
- Then click Connect.
Step 2: Create Your Squad
- When the wallet is connected, click Create Squad.
- Enter your Squad Name and Description, click Next.
- Add owners, set a threshold, then click Next.
- Review your Squad setup and click Confirm.
Your Squad is now live!
Step 3: Stake Your SOL
- In the left-hand menu, click Staking.
- Click on Validator, type Everstake in the search bar, and select it.
- Enter the amount of SOL to stake and click Stake.
- Review and confirm the transaction.
Done! You can view the staking transaction under the Transactions section.
Your SOL will first enter a “warming up” period. Once activation is complete (typically within 2–3 days), rewards begin accruing in the next epoch.
How to Unstake Your SOL
- Navigate to the Transactions section and click on the arrow.
- Click on the Execute button.
- Confirm the transaction on the pop-up.
Unstaking complete!
Your SOL will be available again after the current cooldown period ends (usually 2–3 days).
Conclusion
Squads make staking SOL simple, secure, and collaborative—perfect for DAOs, teams, and anyone managing shared assets on Solana. By delegating to a reliable validator like Everstake, you get rewards and help support the Solana ecosystem.
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Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of, or otherwise hold or manage, customer assets. Everstake does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.
