Use your wallet to stake Solana and earn APY this way!
Solana
Progress mission: 0 of 2
Updated: 12 days ago
Rewards
APY
6.9% 7.6%
Details
Rating
9/10
Reward fee
0% - 9%
Risk
Low
Unstake period
4 days
Phantom and Solflare make staking Solana (SOL) easy and accessible. Normally, staking SOL requires choosing a validator and managing rewards manually. These wallets simplify the process by letting you stake directly from your wallet while keeping full control of your funds.
When you stake SOL with Phantom or Solflare, your tokens stay in your wallet while being delegated to a validator. You earn staking rewards over time, helping secure the Solana network. Phantom provides a simple interface for selecting a validator and tracking rewards, while Solflare offers extra features like auto-compounding. This way the rewards are invested automatically to maximize returns.
Solflare also provides deeper validator insights and Ledger support for added security. While Phantom is ideal for a quick and easy staking experience, Solflare is better for users looking for optimization tools. Both wallets allow you to earn passive rewards while keeping your SOL liquid and secure.
Pros & Cons
Easy and Accessible
Both Phantom and Solflare make staking simple. You can stake SOL directly from their wallets without technical knowledge.
Non-Custodial
You keep full control of your SOL. The tokens stay in your wallets and are only delegated to validators.
Solfare’s Auto-compounding feature: Solflare automatically reinvests staking rewards. This helps you earn more over time without needing to manually re-stake your earnings.
User-Friendly Interface
Phantom has a clean and simple design, making it easy to stake and track rewards. Solflare offers more advanced features for users who want extra control over their staking.
No Auto-Compounding in Phantom
Phantom doesn’t automatically re-stake rewards. You must manually claim and re-stake to maximize their earnings.
Unstaking Delay
When unstaking SOL, you must wait 2-4 days before you can withdraw your tokens. During this time, the SOL doesn’t earn rewards.
Solfare’s Complex Usability: Solflare has extra features like auto-compounding and validator analytics. While useful, these features can make it harder for beginners to use compared to Phantom.