How to Stake Solana with Phantom Wallet

[Suba]

Although Solana coins can be staked on various platforms, including crypto exchanges, liquid staking platforms, and wallets that support Solana staking, such as Solflare and Trust Wallet, this thread will focus on staking Solana with Phantom Wallet.

It is recommended that those who want to stake Solana in Phantom Wallet have at least 0.06 SOL, primarily to cover the network gas fee. Sol stakers in Phantom Wallet will earn rewards of around 7% APY. Phantom Wallet will charge a gas fee of around 0.005 SOL for staking transactions.
Next, you can choose a regular staking validator. Once the staking period expires, your Sol coins will typically remain locked until the end of the epoch, which is approximately 3 days before you can withdraw or transfer them to a crypto exchange.

Staking Sol in Phantom Wallet
1. Open or install the Phantom Wallet app and create a new wallet.
2. Make a deposit and select the Sol coin.
3. Click Sol, then click More.
4. Select the Sol stake.
You can choose Liquid Staking with an estimated return of 6.99% APY or Native Staking with a return of around 6.15% APY. If you are a beginner, Native staking is recommended.
5. Determine the amount of Sol to stake.
6. Click Next.
7. Confirm by clicking Stake.
8. Done, your Sol is staked.
9. Close

 

[serki777]

I use Phantom for most of my SOL stuff. The interface is clean and the staking process usually takes less than a minute. Just make sure you leave that extra bit of SOL for the gas fees like mentioned.