How to stake?
This page explain how to select validators and delegate SOL to them.
Buy some SOL
In order to invest in Solana Staking, you need some SOL. You can purchase it through a trusted global exchange. We recommend the following:
Keep your SOL safe
We recommend using a hardware wallet to keep your SOL or any other crypto assets safe.
Ledger => http://ledger.refr.cc/manystake (You can use this link for a 20% discount)
Choose your own validators
There are a couple of things to consider while choosing the right validator to delegate your stake.
Validator total stake (Do not stake on to big validator)
The concentration of stake is a bad thing on a decentralized proof-of-stake blockchain. If you are an investor delegating stake, please consider high-performing nodes without high stake concentrations.
Data Center Concentration
A high data center concentration means that a problem with the hosting provider could take many of the nodes offline. If you are an investor who is delegating stake, please consider high-performing nodes without a high data center concentration.
Annual Percentage Yield (APY) and commission
The commission charged by the validator has an effect on the returns you earn. However, the important metric to consider is not the commission, but the validator’s Annual Percentage Yield (APY). This amount is the yearly compounded returns that you may expect, taking into account the fee and the validator’s performance.
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