Staking Solana FAQs

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 SOL that you choose for a period of time, during which it is unspendable. However, you can unstake your SOL whenever you choose. You will only have to wait for a few epochs to send or exchange your funds.

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 a validator, the more transactions it gets to validate and the more powerful it becomes. By delegating your tokens to the validator, you basically "vote" for and signal your trust in it.

The more transactions a validator validates, the more money it earns. From the earned rewards, it gives back to all the people who delegated (staked) their SOL to it. 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. However, you will only be able to perform transactions with the unstaked amount of SOL inside your wallet.

Staking doesn't take effect immediately. When you stake your SOL, you will need to wait for several epochs to start earning rewards.

Both staking and unstaking take effect at epoch boundaries. An 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, how long the epoch lasts, and the warmup or cooldown period.


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 may take several epochs to become available for use again.

After unstaking your SOL, all you need to do is wait for your Exodus wallet to automatically withdraw the balance. This process allows your staked balance (plus any rewards) to become usable again inside of your Exodus wallet. Once it is complete, you can then send or exchange your SOL!


What are warmup and cooldown periods?

There is a limit on how much total stake can become delegated (staked) or deactivated (unstaked) in a single epoch, to prevent large sudden changes in stake across the network as a whole. 

Because of this, there are warmup and cooldown periods that extend the time before staking and unstaking complete. Since warmup and cooldown are dependent on the behavior of other network participants, their exact duration is difficult to predict.

Stakes, once delegated, do not become effective immediately. They must first pass through a warmup period. During this period some portion of the stake is considered "effective," while the rest is considered "activating." Changes occur on epoch boundaries.

The amount of stake that can be warmed up each epoch is a function of the previous epoch's total effective stake, total activating stake, and the stake program's configured warmup rate.

Cooldown works the same way. Once a stake is deactivated, part of it is considered "effective", and part "deactivating". As the stake cools down, it continues to earn rewards, and then, it becomes available for withdrawal.

Rewards are paid against the "effective" portion of the stake for that epoch.

For more detailed information, including examples of how this works, you can visit Solana's official documentation here.


How do I check the current epoch progress?

If you would like to see the amount of time remaining in an 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 staking API provider 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 find the latest yield for staking Solana 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 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?

A minimum amount of 0.01 SOL is required to start staking. This is enough SOL to ensure you can stake successfully, 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 effective amount in epoch 102.

Your rewards are distributed every epoch after that.

Any additional SOL that you stake after will also need to wait 2 epochs before earning rewards on the effective 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 a condition of the Solana network, If you want access to your rewards balance, then you will need to unstake all of your SOL and withdraw it to your wallet.


How do I see my Solana rewards?

You can see your SOL rewards inside the app by following these steps:

Desktop:

1
First, open the Rewards app.

2
Then, navigate to Solana, and click Overview

3
Here you will see the total amount of SOL rewards you have earned so far!


Mobile:

1
First, open your Solana wallet, and tap on the Rewards icon

2
You will see the total amount of SOL rewards you have earned so far under Earnings!


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 your SOL sit idly in your wallet, you might as well put it to good use and let it earn rewards for you!


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

Desktop:

Stake

1
Open up your Exodus wallet and head over to the Rewards app.

2
Navigate to where it says Solana and then click on Start Earning.

3

Please note: You will need to have at least 0.01 SOL to start staking.

Enter the amount of SOL you want to stake and click on Stake SOL.

Unstake

1
Open up your Exodus wallet and head over to the Rewards app.

2
Navigate to  Solana and click on Overview.

3
Click on the Unstake tab at the top, then click on Unstake SOL.

Please note: When you unstake your Solana, you may need to wait several epochs (approx. 2-4 days or more) for the Solana to be available to send or exchange 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 several 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 may need to wait several epochs (approx. 2-4 days or more) for the Solana to be available to send again.