Are you an SOL token holder and do you want to have a passive income by delegating them? Please follow up on the guide below if you are having trouble doing so.
What is Solana and Solana Staking?
Solana is a cutting-edge blockchain platform renowned for its speed, security, and scalability, making it ideal for decentralized applications (dApps) and digital currencies. What sets Solana apart is its unique combination of proof of history (PoH) and proof of stake (PoS) consensus mechanisms. This hybrid approach allows Solana to handle thousands of transactions per second efficiently and at a low cost. Staking on Solana involves locking up your SOL tokens with validators who help maintain the network by verifying transactions and securing the blockchain. In exchange for delegating your tokens, you earn rewards, typically paid out in SOL, providing a steady stream of passive income while supporting the network's health and security.
How to Stake SOL with InfStones?
Before we get started, we need to ensure that we have a properly set up Solana wallet. If you have completed this step, feel free to skip. Otherwise let's dive in!
Step 1: Create or Access to a Wallet
For those who want to create a wallet, you can head to this link, and click on “Create a Wallet”. If you have a wallet already, please go directly to “ B ” for accessing it.
Step 2: Select “Using Keystore File” and click next.
You will be prompted to create a password to encrypt your Keystore file, and then download the encrypted file to your computer, or more securely, to a hardware wallet. Recommended: a new file back to the site to verify the download was saved correctly.
Don’t lose this file or the password used to encrypt it. Any funds in your wallet will be lost permanently.
Step 3: Access Your Wallet
When accessing your wallet back onto the site:
Head to this link, click on “Access a Wallet”.
Choose “Using Keystore File” and click “ Access”. You can also access the wallet by using the second option if you have a Ledger account.
Enter your “password”, “upload Keystore file” and simply click “access”
Step 4: Deposit your SOL into this wallet
Once you set up SolFlare, make sure your account is properly funded. To fund your account, send the desired amount of SOL to your address (e.g. transfer SOL from an exchange to your wallet).
At the bottom of the page, you can set up your staking account and start delegating:
Enter the amount of SOL you want to use to fund your new stake account. This amount will be withdrawn from your wallet and transferred to the stake account(No transaction fee required for this step).
However, don’t transfer your entire wallet balance because your wallet is still used to pay any transaction fees associated with your stake account.
Input your password to finish the transaction (No transaction fee required) and click on “ Finish”. So now we have set up your staking account and deposited the fund.
Once the wallet had been set up it is now time to delegate your SOL tokens. To achieve that please follow the following step.
Step 5: Delegate your SOL to InfStones
InfStones Node Operation ID:
9Ukj3PkyD3igEDJGt1QTj9ThzjK6hMiadQfa3gm7kjf1
From the Staking dashboard, click “Delegate” on the right side of a stake account.
Search and select InfStones from the drop-down list — click “Next” and finish the delegation. That’s it!
Why Stake with InfStones?
User-centric experience:
- Intuitive staking experience with graphic interface.
- Seamless integration with various wallets.
- Standardized and consistent logic across different protocols.
Secure and reliable infrastructure:
- 2000+ service days with 0 slashing.
- Non-custodial staking.
- Trusted by Binance, CoinList, BitGo, OKX and more.
Comprehensive support and resources:
- 24/7 professional support.
- Extensive guiding documentations.
InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.
InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.