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How to Stake SOL with Solflare Wallet
This guide provides a step-by-step tutorial on how to stake Solana (SOL) using the Solflare wallet. Follow these simple steps to start earning staking rewards with Kevred.
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Prerequisites
- Ensure that the Solflare wallet is installed on your browser. You can download it from the Solflare official website.
- Make sure you have some SOL in your Solflare wallet.
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Steps to Stake SOL with Solflare
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Step 1: Open Your Solflare Wallet
- Click on the Solflare icon in your browser's extension bar to open your wallet and enter your password.
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Step 2: Select the "Stake" option
- Click on the "Stake" option on the main menu.
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Step 3: Select the Kevred Validator
- Solflare will display a list of available validators. These validators are nodes that process transactions and support the Solana network.
- Write "kevred" in the search bar to find the Kevred Validator. Solflare validator is recommended by the wallet by default but you can choose another one (ours had a better APY when I did the tutorial)
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Step 4: Delegate Your SOL
- Enter the amount of SOL you wish to stake and confirm the transaction.
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Step 5: Confirmation and Monitoring
- After confirming the transaction, your SOL will be staked with Kevred. Thank you !
- You can check the status of your staking in Solflare by clicking on the Solana token in your wallet and then on "Staking".
- At this point, your staking will be "activating" and will be active at the end of the epoch (which can last about 2 days). Click on it to see "Time to stake". Then, you will start earning rewards. Well done.
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Step 6: Monitoring your rewards
- You can check the status of your rewards in Solflare by clicking on one of your stake account and then on "Rewards".
- When your stake is active, your will receive staking rewards every 2-3 days.
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Steps to Unstake Your SOL
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Step 1: Open your stake account
- Click on the Solana token and then on "Staking" in your Solflare wallet.
- Open one of your stake account.
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Step 2: Unstake your SOL
- Click on the three dots and then on "Unstake" to start the unstaking process.
- You could have to wait a few days before you can withdraw your SOL, depending on the timing.
Screenshot: Unstaking
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Step 3: Confirm the transaction
- Confirm the transaction and wait for the unstaking to be completed. You will receive your SOL and rewards back to your wallet.
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Additional Tips
- Validator Selection: Choosing a reliable validator is crucial as it affects your staking rewards.
- Liquidity: Keep in mind that staked SOL are not immediately liquid. There is a cooldown period if you decide to withdraw your funds from staking.
By following this tutorial, you can actively support the Solana network while earning staking rewards. Happy staking with us !
Graet e Breizh