Samantha Jones
Active member
I’ve been holding some SOL for a while and figured it’s time to put it to work. I’ve read that staking Solana can earn passive rewards, but I’m a bit unsure about the actual process and best practices.
Here’s what I understand so far:
- You don’t need to lock up SOL in a smart contract like with Ethereum. Instead, you delegate it to a validator.
- You retain ownership of your SOL — it’s never moved out of your wallet.
- Average staking rewards seem to be around 6–8% APR, depending on validator performance and commission.
Questions I still have:
- What’s the best wallet to use? Phantom? Solflare?
- How do you pick a good validator (low commission, high uptime, etc.)?
- Are there any risks? Can I get slashed or lose SOL if the validator messes up?
If anyone here’s actively staking SOL, I’d love to hear your setup, tips, or even horror stories.
Trying to do this the right way without learning the hard way
