Staking Solana (SOL) with Wraith Wallet
Staking Solana (SOL) allows you to earn rewards by helping secure the Solana network. This guide explains how to stake SOL using Wraith Wallet in just a few steps.
TLDRβ
Your Solana (SOL) will be locked when staked.
Unstaking takes 3 days to complete.
The minimum staking amount is 0.01 SOL.
Always keep a small amount of SOL in your wallet for network fees.
β οΈ Always use the latest version of Wraith Wallet for the best security and performance.
How to stake Solana (SOL) on Wraith Walletβ
Step 1 - Fund your Solana walletβ
Make sure your Wraith Wallet contains SOL tokens.
The quickest way is to buy SOL directly within Wraith Wallet by tapping Buy and choosing the amount.
Alternatively, purchase SOL from an exchange (e.g. Binance, Coinbase, Kraken) and transfer it to your Wraith Wallet address.
β οΈ Double-check the address when sending SOL from another wallet to avoid loss of funds.
Step 2 - Open the stake screenβ
Go to your Solana wallet in Wraith Wallet.
Tap Stake.
Review the available APR and lock time.
Tap Stake again to continue.
Step 3 - Select a validatorβ
Wraith Wallet provides a list of validators. Delegating your SOL to a validator lets them participate in consensus on your behalf.
β Choose validators with high uptime, low commission rates, and strong reputations.
Step 4 - Enter stake amountβ
Decide how much SOL you want to stake.
Leave a small balance to cover future transaction fees.
Tap Continue.
π‘ The minimum staking amount is 0.01 SOL.
Step 5 - Confirm the transactionβ
Review the validator and stake amount.
Tap Confirm to submit.
Wait a few seconds for the Solana network to process your stake.
β Congratulations - you have successfully staked Solana with Wraith Wallet.
Solana staking rewardsβ
Current rewards are around 7.8% APR (subject to change).
Rewards are distributed every 2 days in SOL.
Earnings depend on the validator you choose.
Unstaking your SOLβ
When you unstake, your tokens remain locked for 3 days before they become available.
Open your Solana staking details in Wraith Wallet.
Tap Manage β Unstake.
Enter the amount to unstake and confirm.
Is staking Solana on Wraith Wallet secure?β
Yes. Wraith Wallet is self-custodial and open source.
Transparency: The code is open and can be reviewed by anyone.
Community-driven: Regular contributions from developers and security experts.
No hidden risks: Open-source wallets are less likely to contain backdoors.
Staking SOL with Wraith Wallet gives you passive income while strengthening the Solana network.
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