Protocols     /     Solana

Solana (SOL)

Solana is a permissionless, decentralized, and secure smart contract blockchain platform proposing to solve the scalability problem.

Solana encodes the passage of time as data, called Proof of History (PoH), that leverages a verifiable delay function (VDF) to reduce transactional overhead between nodes in the network. Solana has created a user-friendly platform experience which has a diverse application ecosystem and high transaction activity in the realms of video games, NFTs and DeFi. Solana has multiple key technological innovations that enable unparalleled transaction speed and remarkably low fees.

FIGMENT VALIDATOR ADDRESS:
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Staking Guide

Stake SOL

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Market Data

MARKET CAP

$84.9B

STAKING REWARD RATE (SRR)

6.40%

SRR isn’t always the most reliable metric for understanding your rewards. You can read more here

PRICE

$183.12

AUTO-COMPOUNDING

Yes

REWARD FREQUENCY

1 Epoch (2 Days)

ACTIVATION

2 Days

WITHDRAWAL

2-6 Days

SLASHING PENALTIES ENABLED

No

Highlights

Why Stake Solana With Figment?

  • Arrow High-speed network ≈ 3000 TPS right now, a scale up to 65,000 and has low fees ≈ $0.00025 per transaction
  • Arrow User-friendly platform experience which has a diverse application ecosystem and high transaction activity
  • Arrow Multiple Applications in Development: Solana Pay, Solana Mobile (Saga), Pyth Oracle
  • Arrow Lowest average energy usage per transaction compared to other networks

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Frequently asked questions

Solana FAQ

Where can I explore the network and create a Solana wallet? +
What is the name of the asset being staked? +
When are staking rewards enabled? When are transfers enabled? +
How long does it take to stake & unstake SOL? +
Do I maintain custody of my SOL tokens? Who or what controls my staked SOL token? +
Can my staked SOL be slashed (seized or destroyed)? +
Are staking rewards liquid or automatically staked? +
Can I lose potential staking rewards? +
Are rewards still earned during the unbonding period? +
What is the rate of new issuance (aka "annual inflation") for SOL? How does the token supply change? +
How are decisions about Solana made and executed? +
Where can I learn more about Solana? +

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