Delegate to Everstake 9QU2QSxhb24FUX3Tu2FpczXjpK3VYrvRudywSZaM29mF
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Feel free to use our Guides for step-by-step instructions on the staking process:
How to Stake SOL via Phantom Wallet:
Video Guide on Youtube. How to Stake SOL via Phantom Wallet:
Web Wallets that support staking:
Web Wallets that don't support staking:
Mobile App Wallets that support staking:
Mobile App Wallets that do not support staking:
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If you are planning to stake more than 100,000 SOL, contact us at [email protected] We provide an additional cashback for large delegations.
Solana is a high-throughput blockchain that is currently supporting 50–65k transactions per second and 400ms block times, without complex solutions like sharding or layer-two. As the world's first web-scale blockchain, Solana will unlock a whole new class of performant applications and facilitate larger scale blockchain adoption. Utilizing a revolutionary innovation called Proof of History, Solana is drastically able to outperform any other existing layer 1 and provide fees at $0.00001 per transaction.
The Solana Foundation is based in Geneva, Switzerland and maintains the open source project. More - https://docs.solana.com/introduction.
To stake SOL tokens, you must use a wallet that supports staking. Not all wallets support staking at this time. You can check out the official docs for a list of wallets which support staking.
SOL tokens in your wallet must first be moved into a stake account. You can create as many stake accounts as you like, and deposit as much or as little SOL into each stake account as you want. Each new stake account has a unique address, and a single wallet can manage or “authorize” many different stake accounts. Check out the official docs on stake account structure for more details.
In order to earn staking rewards, the tokens in a stake account must be delegated to a validator. A single stake account can only be delegated to a single validator at any time, so if you want to delegate to different validators you will need to split your tokens between multiple stake accounts.
Feel free to use our Guides for step-by-step instructions on the staking process.
We at Everstake run nodes for up to 45 PoS blockchains aiming to provide the highest standard of service to stakers worldwide. Everstake is one of the biggest staking service platforms presenting an opportunity to profit off digital assets for both large crypto investors and private token holders. Our platform gives users a wide choice of cryptocurrencies for staking investment. We also support blockchains ecosystems by creating educational content, apps, working on bridges, DeFi projects and collaborations.
- We run the best servers and have recently improved our performance significantly (skipped slot and other metrics). For more data on validators’ performance visit this link
- We participated in SolStarter's development.
- We helped to develop Audius and several parts of SPL, as well as some other projects built on Solana blockchain.
- In order to contribute to the Solana Ecosystem, we at Everstake have been creating educational content about Solana (guides, articles).
- We present a regular Solanal Weekly Update on social media to educate the crypto community (Follow us on Twitter and Telegram).
Follow the wallet's instructions for creating a staking account. This account will be of a different type than one used to simply send and receive tokens.
After a stake account is created, you will likely want to delegate the SOL to a validator node. Follow the wallet's instructions for selecting a validator. For example, delegate to Everstake:
Vote Account: 9QU2QSxhb24FUX3Tu2FpczXjpK3VYrvRudywSZaM29mF
We run the best servers and have recently improved our performance significantly (skipped slot and other metrics). For more data on validators’ performance visit this link
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. 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.
Check out supply stats on https://solanabeach.io/supply.
The network is expected to launch 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.
Staking is the process by which a SOL token holder (such as someone who purchased SOL tokens on an exchange) assigns some or all of their tokens to a particular validator or validators, which helps increase those validators’ voting weight. Assigning your tokens to add to a validator’s stake-weight is known as “delegating” your tokens. Delegating your tokens to a validator does NOT give the validator ownership or control over your tokens. At all times, you still control all your staked tokens that you may have chosen to delegate.
By staking tokens with a validator or validators, the token holder indicates a degree of trust in the validator they chose to delegate to. As validators amass larger amounts of stake delegations from different token holders, this acts as “proof” to the network that the validator’s consensus votes are trustworthy, and their votes are therefore weighted proportionally to the amount of stake the validator has attracted. By weighing the collective votes from all validators against the proportion of stake that has been delegated to them, the network reaches consensus by this Proof of Stake.
The APY (yield) currently is ≈ 7%. You can check it out on https://solanabeach.io/validators.
Staking yield is presented as an annualized figure, though this number varies each epoch as the inflation rate and total active stake continually change.
You can create as many stake accounts as you like, and deposit as much or as little SOL into each stake account as you want – no limitations.
When you delegate or un-delegate a stake account, the tokens do not change state immediately. Newly delegated tokens are considered “activating” or “warming up”, and are not eligible to earn rewards until they are fully activated. Newly un-delegated tokens are considered “deactivating” or “cooling down” and are not able to be withdrawn until deactivated.
The Solana protocol only allows staked tokens to finish changing state at the beginning of a new epoch.If you delegate tokens in a stake account in the middle of an epoch, the tokens will appear in your wallet as “activating” until the current epoch ends, at which point they will be active and eligible to earn rewards. Whether you delegate your stake tokens near the beginning of the current epoch, or near the end of the current epoch does not impact when the tokens will become active, which is only at the next epoch boundary. The same logic applies to un-delegating or deactivating a delegated stake account. Deactivated tokens cannot be withdrawn until they have finished deactivating at the epoch boundary.
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.
However, your wait might be extended to 2 epochs (or about 4 days) for the reasons described below:
There is a limit to how much total stake can change state in a single epoch across the entire Solana network. No more than 25% of the total active stake on the network can be activated or deactivated in a single epoch. In a scenario where more than 25% of the total active take on the network is being activated in a single epoch, a portion of all activating/deactivating stake up to the global 25% limit, will finish changing state at the first epoch boundary. The remaining stake would stay as “activating” or “deactivating” for at least one more epoch, until the next epoch boundary.If a stake activation takes multiple epochs, the portion of stake that becomes fully active at the first epoch boundary is eligible for rewards, while the remaining portion that is still activating for an additional epoch is not yet eligible for rewards.
Rewards are issued once per epoch and are deposited into the stake account that earned them. Stake rewards are automatically re-delegated as active stake.Rewards accrued in a given epoch are issued to all validators and delegators in the first block of the following epoch.
Validators charge a fee on inflationary rewards earned by the stake accounts that are delegated to them, in exchange for their services in securing the blockchain and processing transactions. This fee is known as the commission rate. Each time rewards are issued, the commission is deposited in the validator’s account and the remaining rewards are deposited in all of the stake accounts that are delegated to that validator, proportionally to the amount of actively delegated stake in each account. Validator commission and staking rewards are always issued simultaneously.
Newly un-delegated tokens are considered “deactivating” or “cooling down” and are not able to be withdrawn until deactivated at the epoch boundary. Once the stake is deactivated, withdraw tokens to start using them again.
Assigning your tokens to add to a validator’s stake-weight is known as “delegating” your tokens. Delegating your tokens to a validator does NOT give the validator ownership or control over your tokens. At all times, you still control all your staked tokens that you may have chosen to delegate.
Our hardware is located in top-notch, certified datacenters across the globe, ensuring low latencies world-wide.
We mitigate risks by combining different security measures, and using enterprise-grade protection to provide you with a highly secure solution.
Everstake uses custom hardware tailored to the respective network to achieve the highest possible performance with minimal downtime.
We leverage powerful servers with 10Gbps NICs and 1Tb RAM with fast NVMe and Intel Optane storage drives.Our team checks each system and makes stress-tests before putting it to action to mitigate any issues that may arise.
Everstake is a large staking provider run by an experienced blockchain, IT and fintech development team.
The team is actively involved in various crypto projects, develops solutions to improve the process of handling PoS blockchains, and provides validator services. Everstake works with almost all major blockchain projects using the Proof-of-Stake mechanism: Ethereum (ETH), Chainlink (LINK), Cosmos (ATOM), Tezos (XTZ), Near Protocol (NEAR), Band Protocol (BAND), Elrond (EGLD) and many others.The Everstake team strives to simplify the delegation process for token holders and provide convenient services for staking monitoring. Newbies will find helpful guides in different languages in the Everstake blog to help them figure out how to stake certain tokens in various crypto wallets.
Make sure to take advantage of the Everstake Telegram bot that allows you to request account balances, get real-time notifications on all transactions, check the correctness of rewards, and more. It is a handy tool letting you have control over your staking on the go. To be on pace with your staking progress, set up the bot to display your delegation rewards and check their correctness. https://t.me/everstake_bot
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