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?
  • What actually happens when I stake my SOL?
  • How does Staking work?
  • How does Unstaking work?
  • How does Withdrawing work?
  • Which Validator will I be delegating my funds to?
  • How much can I earn from staking my SOL?
  • Does Exodus charge a fee to Stake my SOL?
  • What is the minimum amount I need to start staking?
  • When will I start earning rewards?
  • Do I need to claim my Solana rewards?
  • Is staking Solana safe?
  • How do I Stake/Unstake my SOL inside of Exodus?
  • Other

    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 your unstaked amount of SOL inside your wallet.


    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 exactly 1 epoch to become available to use again. 1 epoch is roughly equivalent to 2 days which makes the total time amount approximately 2 days for your SOL to finish unstaking.

    After your SOL has finished unstaking, you will need to withdraw your SOL so that you can use it.


    How does Withdrawing work?

    When you decide that you want to get access to your SOL again, first you must unstake your SOL then wait for the unstaking process to finish. After your wallet has finished unstaking then all you need to do is 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!


    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.


    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 no minimum of SOL required! All you need to do is have 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 two 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 (2 days) after that.

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


    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.


    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 them 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 4 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 2 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 4 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 2 days for the Solana to be available to send again.