How to stake SOL (Solana)
Everything you need to know to stake SOL (Solana) to Chorus One.
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Everything you need to know to stake SOL (Solana) to Chorus One.
Last updated
Was this helpful?
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Chorus One Validator Address
Chorus6Kis8tFHA7AowrPMcRJk3LbApHTYpgSNXzY5KE
Block Explorer
Staking Rewards
Navigate to https://phantom.app/ to create or restore your Solana wallet.
Creating the wallet
If you do not have a wallet yet, you should create a new wallet and note down the seed phrase and store it in a safe place. Follow the onscreen instructions and make sure to fund your wallet with some SOL tokens before you proceed with staking.
Make sure to not share or lose the secret recovery phrase (mnemonic)
If you already have a wallet, you can restore it on Phantom using the associated seed phrase. Follow the online instructions to restore your SOL account.
Once you entered the 12 or 24 word phrase you can then restore your wallet and optionally set a password on your account.
Once you have funded your Phantom wallet with Solana, you can click on the Phantom extension to see your account details.
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 off-exchange and transfer those 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 type Chorus One in the search panel. Chorus One's validator will show up. Go ahead and click on the validator name.
Choose the amount of SOL you would like to stake and click on Stake.
Make sure to leave some SOL in your account to pay for the transaction fees.
Once you click Stake you will immediately see that your wallet is staking your SOL to your chosen validator.
You can also click on the View Transaction link to see the status of your transaction in 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.
Congratulations! You are now staking your SOL!
If you click on your stake accounts you will see that your stake is activating. 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.
If you click on your stake balance, you will be given the option to unstake.
Unstaking also takes one epoch. Once you click Unstake your stake will start deactivating and will become fully inactive after a maximum of approximately 3 days (1 epoch).
After the stake become inactive you can withdraw it back to your Solana account.
You've now successfully unstaked your Solana (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.
Note: In order to do this, it will require using a self-custody solution for your SOL, such as a Ledger device.
If you are using a custodian, please check in with them to see if a Solana split stake transaction is supported.
You can access the Solflare wallet interface from this link, and from there connect your Ledger or other supported hardware wallet.
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".
If you choose to import a seed phrase, please be careful in doing so. You seed phrase should never be exposed or shared with others as it controls all the funds of your wallet.
Please take the proper precautions when entering it to restore a your wallet in Solflare.
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".
If you are an institutional investor looking to stake Solana (SOL) with Chorus One, please reach out to us via our staking request form.
