How to stake SOL (Solana)

Overview

How to Stake SOL

1. Create or Restore Compatible Wallet

For this guide, we recommend using Phantom or Solflare wallets.

• For the process demonstration of this guide, we will be showing Phantom, however, the steps will be quite similar using Solflare as well.

2. Logging in to your Wallet

Once you have funded your Phantom wallet with Solana, you can click on the Phantom extension to see your account details.

3. Stake

Once logged in, you will be able to view all the SPL assets that you possess. If you do not already have SOL tokens you can get them from a friend or buy them from and exchange or other trusted third-party and transfer them to your wallet.

Once you do that you will be able to see the SOL tokens in your wallet.

Go ahead and click your SOL balance and you will see 3 dots and the "More" button. Click the button to reveal the staking menu. Click the menu-item "Stake SOL"

You will be shown a list of validators along with a search button.

Go ahead and search for Chorus One in the search panel.

Choose the amount of SOL you would like to stake and click on Stake.

Once you click Stake you will immediately see that your wallet is staking your SOL to the Chorus One validator..

You can also click on the 'View Transaction' link to see the status of your transaction on a block explorer.

If you look at the confirmations field you can slowly see it increasing from 0 to 32.

Once it reaches the MAX number of confirmations your transaction gets added to the blockchain.

Make sure to note down the transaction hash or the link provided on the screen. This allows for easier debugging in case of a failed transaction.

After your transaction is successful you can go back to your Phantom wallet, click on the Solana balance, and see your stake accounts.

If you click on your stake accounts you will see that your stake is activating.

On the Solana Network it takes 1 epoch for your stake to activate.

An epoch in Solana lasts for approximately 2-3 days. After this period your stake will show up as active and will start earning rewards.

How to Unstake SOL

If you click on your stake balance, you will be given the option to unstake.

Unstaking also takes one epoch, which is about 2-3 days.

Once you click Unstake your stake will start deactivating and will become fully inactive after a maximum of approximately 3 days (1 epoch).

Click on one of your inactive stakes to view the details of it.

From there, you can click the 3 horizontal dots in the upper right hand corner to withdraw your stake.

How to Partially Unstake SOL

Solana (SOL) can be partially unstaked if you wish to only unstake a portion of your total delegation.

• This is done via a split stake transaction.

To do so requires the use of the Solflare wallet.

• If you need to set up a Solflare wallet, please see: Getting Started: Solflare Wallet

You can access the Solflare wallet interface from this link, and from there connect your Ledger or other supported hardware wallet.

• https://solflare.com/onboard

If you are using a supported hardware wallet or wish to import the seed phrase from an existing wallet, select the option "I already a wallet".

To connect your Ledger device, please make sure the firmware is up to date as well as the Solana app. Connect your Ledger device and open the Solana app to connect with Solflare.

Follow the prompts to begin using the Solflare wallet controlled via your Ledger.

Once you have done so, please follow the guide from Solflare on how to initiate a split stake transaction which will allow you to split your Solana stake into two (or more) accounts.

• By doing so, you can then choose to unstake the account with the amount of SOL you wish to withdraw from staking.

The Solflare instructions can be found here under the section "Partial Unstaking".

• Unstaking Your SOL on Solflare: A Guide with Options

A Note to Institutional Investors

If you are an institutional investor looking to stake Solana (SOL) with Chorus One, please reach out to us via our staking request form.