Solana Staking FAQ

Everything you need to know about Staking Solana inside of your Exodus wallet.


In this Article:


What is Solana staking and how can I benefit from it?

Staking your Solana is a great way to earn passive income in the form of staking rewards. Rewards are paid out in SOL. You can view it as earning interest on your crypto holdings. With Solana, staking means you agree to lock up an amount of your SOL that you choose for a certain period of time, during which they are unspendable. However, you can unlock your SOL whenever you choose.

By staking your SOL, you actively support the Solana network by allocating resources to it and contribute to the stability of the network. In return for your support, you earn SOL as a reward!


What actually happens when I stake my SOL?

In order to stake your SOL, what you are really doing is delegating an amount of your SOL to a so-called "validator", this makes you a "delegator". The Solana validators validate and approve transactions on the Solana blockchain. The more SOL that is delegated to them, the more transactions they get to validate and the more powerful they become. By delegating your tokens to them, you basically "vote" for and signal your trust in them.

The more transactions a validator validates, the more money they earn. From the earned rewards, they give back to all the people who delegated their SOL to them. This is how you earn your interest.


How does staking work?

When you stake your Solana, you are able to choose how much of your SOL you want to delegate to the validator. You can stake any amount of SOL for which you immediately start accumulating rewards. During this time, you will only be able to perform transactions with the unstaked amount of SOL inside your wallet.

Staking and unstaking take effect at epoch boundaries. You will need to wait 2 epochs until your SOL will start generating rewards. 1 epoch is approximately equivalent to 2-4 days, but the time it takes for your SOL to finish staking and unstaking depends on where in the epoch you stake or unstake, and how long the epoch lasts. 


How does unstaking work?

When you decide to unstake your SOL inside of Exodus, you can only unstake all of your currently staked balance. Your funds will take 1 epoch to become available to use again.

After your wallet has finished unstaking your SOL all you need to do is wait for your Exodus wallet to automatically withdraw the balance. This in-built feature in the Solana network then allows your staked balance plus any rewards to become usable again inside of your Exodus wallet so you can send them out!


How do I check the current epoch progress?

If you would like to see the amount of time remaining in the epoch, you can visit Solana Explorer and look at the value in Epoch time remaining (approx.)


Which validator will I be delegating my funds to?

When you stake your SOL inside of Exodus, you will be supporting our partner Everstake.


How much can I earn from staking my SOL?

To find out more about what Annual Percentage Yield (APY) is and how to view the current APY for SOL, please check out this article: What is APY?

You can also find the latest yield here.

By staking your SOL, you actively support the Solana network by allocating resources to it and contribute to the stability of the network. In return for your support, you earn SOL as a reward!


Does Exodus charge a fee to stake my SOL?

No, Exodus does not charge a fee! There are a few in-built Solana network fees:

Staking fees:

  • A transaction fee for sending the delegation transaction when you stake your SOL.

Unstaking fees:

  • An “unstake” transaction fee when you decide to unstake your SOL.
  • A “withdraw” transaction fee that is required to move your unstaking SOL back to your wallet so it can be used again.

What is the minimum amount I need to start staking?

There is a minimum amount of 0.01 SOL required to start staking. This is enough SOL to ensure you can stake, as well as pay the Solana staking network transaction fee.


When will I start earning rewards?

When you decide to stake your Solana, you will need to initially wait 2 epochs (where 1 epoch is roughly equivalent to 2-4 days) to start generating rewards, this means that if you start staking your SOL in epoch 100 then you will start earning rewards on the staked amount in epoch 102.

Your rewards are distributed every epoch after that.

Any additional SOL that you stake will also need to wait 2 epochs before earning rewards on that amount.


Do I need to claim my Solana rewards?

No! Your rewards are automatically claimed for you and added to your staked balance so you can automatically earn more rewards!

As part of the Solana network, If you want access to your rewards balance to spend, then you will need to unstake all of your Solana and then withdraw it to your wallet.


How do I see my Solana rewards?

You can see your SOL rewards on a Solana block explorer like Solana Explorer by following these steps!

Desktop:

1
Open your Solana wallet and locate the Staked transaction
2
Click on the dropdown arrow to see the transaction details.
3
Click on the Transaction ID.

Mobile:

1
Open your Solana wallet and locate the  Staked transaction

2
Tap on the Staked transaction to see the transaction details.

3
Tap on the  Transaction ID.

4
This will open a Transaction page on Solana Explorer. Scroll down until you see your Stake Address under #2 Stake Initialize.
5
Click or tap on the Stake Address. This will open an Account page. Scroll down and click on Rewards. This will show you the rewards your staked SOL has earned in each epoch. 

Once you know your stake address, you can look it up on Solana Explorer at any time to see your SOL rewards accumulate!

Please note: Each time you stake additional Solana, it will create a new staking address. 


Is staking Solana safe?

Staking your SOL is done in a non-custodial way in Exodus. That means that it is as safe as simply holding SOL in your wallet. You keep full control over your tokens while they are staked, and you're even free to unstake your funds whenever you choose.

So instead of letting them sit idly in your wallet, you might as well put them to good use and let them earn rewards for you!


How do I stake/unstake my SOL inside of Exodus?

Desktop:

Stake

Staking in Exodus is super easy. Please follow the steps below:

1
First, open your Solana wallet inside of Exodus, then click on the three dots in the top right corner and finally click on Advanced Options.

2
Then simply click on the Start Earning Solana button.

3
Finally just enter the amount of Solana you want to stake and then click on the Stake SOL button.

Please note: When you stake your Solana you will need to wait 2 epochs (approx. 4-8 days) to start generating rewards.

If you are staking more Solana please follow the above steps to access the Staking Rewards drawer and then choose the Stake tab where you can add more Solana to be staked.

Unstake

If you change your mind, you can unstake your SOL anytime. In order to do that, simply follow the steps below:

1
First, open your Solana wallet inside of Exodus, then click on the three dots in the top right corner and finally click on Advanced Options.

2
Then simply click on the UNSTAKE tab and finally just click on the Unstake SOL button.

Please note: When you unstake your Solana you will need to wait 1 epoch (approx. 2-4 days) for the Solana to be available to send again.

Mobile:

Stake

Staking in Exodus is super easy. Please follow the steps below:

1
First, open your Solana wallet inside of Exodus on your mobile, then tap on the Earn Rewards icon in the top right corner to open the rewards section.

2
Tap on Stake SOL.

3
To start staking your Solana just enter an amount of SOL you want to stake and tap on Stake SOL.

Please note: When you stake your Solana you will need to wait 2 epochs (approx. 4-8 days) to start generating rewards.

Unstake

If you change your mind, you can unstake your SOL anytime. In order to do that, please follow the steps below:

1
First, open your Solana wallet inside of Exodus on your mobile, then tap on the Earn Rewards icon in the top right corner to open the Solana rewards section.

2
Tap on Unstake SOL.

3
Finally, tap on Unstake.

Please note: When you unstake your Solana you will need to wait 1 epoch (approx. 2-4 days) for the Solana to be available to send again.