Where and How to Stake SOL (Wormhole) (SOL)

Introduction

Staking SOL (Wormhole) can be a great option for those who want to hold SOL but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain SOL (Wormhole) (SOL) Tokens

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

   Platform	Coin	Price
   Nexo	SOL (Wormhole) (SOL)	240.54
   Kraken	SOL (Wormhole) (SOL)	241.03
   Coinbase	SOL (Wormhole) (SOL)	240.43
   Luno	SOL (Wormhole) (SOL)	241.21
   Kucoin	SOL (Wormhole) (SOL)	240.35
   Hotcoin	SOL (Wormhole) (SOL)	240.69

   See all 10 prices

2. 2. Choose 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 recommend using a staking pool when staking SOL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SOL, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You’ll need 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 be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.