Earn Solana Staking Rewards with Figment

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.

Market Cap

$60.4B

Staking Rewards Rate

6.60%

Price $135.32
Auto-Compounding Yes
Reward Frequency Per epoch
Unbonding Period 2-6 days
Slashing Penalties Enabled No
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Estimated staking information, Market Cap, and SRR (Staking Rewards Rate). Data is approximate and subject to change. Data provided by CoinGecko and/or Figment API.

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Highlighted Protocol Characteristics

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

Staking Guide & Instructions

  • Select a wallet such as Ledger, Phantom or Solfare.
  • 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 This amount will be withdrawn from your wallet and transferred to the stake account. Don’t transfer your entire wallet balance because your wallet is still used to pay any transaction fees associated with your stake account.
  • After you submit and sign the transaction, you will see your new stake account appear in the box labeled “Your Staking Accounts.”
  • From the Staking dashboard, delegate on the right side of a stake account. Select the validator you wish to delegate to from the drop-down list – click Delegate.
See Full Staking Guide

Figment Validator Addresses

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Market Cap

$60.4B

Staking Rewards Rate

6.60%

Price $135.32
Auto-Compounding Yes
Reward Frequency Per epoch
Unbonding Period 2-6 Days
Slashing Penalties Enabled No
Stake Now

Estimated staking information, Market Cap, and SRR (Staking Rewards Rate). Data is approximate and subject to change. Data provided by CoinGecko and/or Figment API.

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The Latest Insights from Figment Experts

Features

Rewards Performance

Figment clients benefit from our engineering and protocol expertise to earn consistent staking rewards via our safety over liveness approach.

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Staking & Data

Manage your staking positions, view detailed and comprehensive rewards statements, analyze data on protocol wide and validator specific performance, and interact with blockchains with our Staking and Rewards APIs.​

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Robust Risk Coverage

Off-the-shelf coverage for Figment customers to help offset the risk of slashing, downtime, and missed rewards backed by insurance and Figment’s balance sheet.

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Frequently Asked Questions

Solana Beach is Solana’s network explorer.

We recommend using the SolFlare wallet to stake.

Check out the Solana team’s docs for other wallet options.
Solana’s native token, SOL, will be used for staking and transaction fees.

Solana also has a wrapped token, SPL. It is the standard for synthetic token creation and exchange.
Transfers are currently enabled.

Staking rewards were fully enabled on Feb 10, 2021.

From the time you begin staking, it will take about 48 hours to begin receiving rewards.

From the time you stop staking, it will take about 48 hours for your tokens to be liquid (ie. before you can transfer or trade them).

You can self-custody your Solana SOL tokens, ideally using a Ledger hardware wallet.

When you stake your SOL, the Solana protocol controls your tokens (not your validator) until you unstake.

Unstaking takes about 48 hours from the time you initiate the process.

Delegators will be slashed up to 100% via on-chain governance if their validator signs illegal transactions or votes for an illegal fork. Downtime slashing is not enabled on Solana at this time.

Rewards are staked automatically, which means you will need to unstake to withdraw your rewards.

Your potential rewards depend upon validator performance. When your validator is down, you will not be earning staking rewards.

No rewards are earned during the unbonding period. 

Right now, the inflation rate is around 8% of the total supply, set to decrease by 15% per year until reaching a floor of 1.5%.

Solana uses token voting for on-chain governance. Governance proposals are discussed on the Solana forum.

Long-term governance will be conducted under the Solana Foundation, a Swiss non-profit entity established in June 2019. Various stakeholder groups within the Solana community (such as validators, replicators, users, developers, and token holders) will elect the foundation’s board.
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