When staking Solana (SOL) you are supporting the network with the additional benefit of compounding your SOL!
Staking SOL is the process of holding SOL "stake" to partake and support the operations in the Solana network to receive rewards. In order to be a "Validator" and participate in these operations, one is required to maintain a server running continuously, technological knowhow, experience, and have a significant self-bond (surety bond).
This is where P2P Validator comes in, we allow SOL token holders to forget about all the heavy lifting i.e maintenance, surety bonds etc. by "delegating" their holdings to P2P to receive these rewards. We accumulate users' stake and act as a major validation node, receiving and allocating staking rewards between our users pro rata to the delegation.
Users that chose to stake with P2P maintain full custody of their SOL at all times and P2P will never have access to them.
The current APR for staking SOL is 7% with a fee of 7%. and I delegate 1000 SOL to P2P:
Reward: 1000*7% = 70 SOL
Fee = 70*7% = 4.9 SOL
Estimated balance after 1 year = 1000+70-4.9 = 1065.1 SOL
By simply delegating my 1000 SOL as I hold it, I will have supported the network and earned an additional 65.1 SOL after 1 year. Please keep in mind that the APR specified is approximate and changes along with network conditions.
We have created a list of guides to help you get started: How do I Stake Solana (SOL)?
For more information on staking Solana (SOL) with P2P Validator and our special offer for large SOL delegations, visit https://p2p.org/solana.
For additional staking support, visit the P2P Solana support center.
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