Solana

Solana is a blockchain platform designed to provide fast, secure, and decentralized transaction processing. Solana uses a hybrid consensus mechanism called Proof of History (PoH) and Proof of Stake (PoS) to achieve high throughput and low latency.

Solana's token, SOL, is used for staking, governance, and paying transaction fees. SOL holders can participate in the network's consensus mechanism and earn rewards for validating transactions.

Staking is the process of assigns tokens to validator, which helps increase 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.

Staking your $SOL earns you additional SOL as a reward and helps secure the Solana blockchain. SOL staking has historically yielded around 5.5% APY, but keep in mind the network inflation rate and validator commission, as both will impact your net staking rewards.

$SOL can be staked via Stakewolle with connected Phantom Wallet. Note that there is no minimum staking amount.

Rewards are issued once per epoch.

All stake accounts on Solana can be viewed on Solana’s network explorer

You can calculate your staking rewards by using the Solana staking calculator on the site