Staking is a mechanism used by the Solana blockchain to secure the network. When you stake your SOL with a Solana validator, you earn a share of the network’s transaction fees.
We put a lot of work into publishing high quality Solana user guides and tutorials. Your delegated stake helps us continue to build Soladex and bring more exposure to the projects that deserve it the most.
It depends on which validator you delegate with! We recommend either choosing a staking pool such as Marinade or staking with a validator directly from your wallet.
The average Solana validator earns anywhere from 6 to 7% APY. Our current rate is over 8%!
We are working on a staking rewards tool. In the meantime, you can use Stakewiz to get a recent approximation of our validator’s APY.
Staked SOL begins to earn rewards at the beginning of each Epoch. An epoch is roughly 2.5 days, therefore it can take anywhere from minutes to ~60 hours for your stake to activate and start earning rewards.
There’s no correct answer! Staking with multiple validators is a good way to support the network and guarantee yourself a consistent, compounding yield. Profits from our validator are used to fund Soladex, so we would appreciate any stake!
Running a Solana validator requires sysadmin experience and a powerful dedicated server. A minimum 16 core CPU is required, along with 128Gb RAM and a 1Gbps+ connection. In addition, running a validator requires SOL to cover the voting fees. Voting costs vary depending on factors, but assume 1 to 2 SOL per day to cover the costs.
Soladex uses the best tech available for our Solana validator. Our CPU of choice is the AMD EPYC 74F3, a robust 24-Core Processor with a powerful 3.2GHz base clock.
In addition, we use 512GB of RAM where most validators are using 128GB or 256GB.
For storage, we use NVME drives in a dual mount setup. One 256GB disk stores the OS and essential data, and 2x 4TB configured in RAID0 handles the rest.
One benefit of the Solana blockchain is that a users staked funds stay in custody of their own wallet. Staking Solana is not risky in a custodial/security way.
Because staked SOL is locked for 1 Epoch (2 and a half days or so), you shouldn’t be staking funds that you plan on actively trading.
It’s important that you choose a validator that has deployed sufficient security standards to protect the server’s ability to perform it’s job.
The Soladex validator is equipped with multiple layers of DDOS protection. In addition, we use best practices regarding user permissions and key storage.