Where and how to stake SOL (Wormhole) (SOL)

Introduction

Staking SOL (Wormhole) can be a great option for those who wish to hold SOL while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire SOL (Wormhole) (SOL) Tokens

   To stake SOL (Wormhole), you need to have it. To obtain SOL (Wormhole), you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	SOL (Wormhole) (SOL)	244.75
   Kraken	SOL (Wormhole) (SOL)	244.76
   Coinbase	SOL (Wormhole) (SOL)	244.90
   Luno	SOL (Wormhole) (SOL)	243.70
   Kucoin	SOL (Wormhole) (SOL)	244.95
   Hotcoin	SOL (Wormhole) (SOL)	245.00

   See all 10 prices

2. 2. Select a SOL (Wormhole) Wallet

   Once you have SOL, you’ll need to choose a SOL (Wormhole) wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Kucoin	SOL (Wormhole) (SOL)	Up to 6.20 APY

3. 3. Delegate Your SOL

   We suggest using a staking pool for staking SOL. It's easier and quicker to get started. A staking pool is a collection of validators who combine their SOL, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the SOL (Wormhole) network. You'll be rewarded with SOL for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.