Earning

Staking 101

M

Mute Team

Official Documentation

Dec 08, 2024
7 min read

The Power of Proof-of-Stake

Don't let your assets sit idle. Staking allows you to participate in the network's security consensus. By delegating your SOL to a validator, you earn a share of the inflation rewards—think of it as highly competitive interest on your digital savings.

Staking in Mute Wallet

  1. Navigate to your SOL balance card.
  2. Tap 'Start earning rewards'.
  3. Select a Validator. We curate a list based on performance, but look for:
    • APY: Annual Percentage Yield (typically ~7%).
    • Commission: The fee the validator takes (aim for < 5%).
    • Uptime: Reliability is key.
  4. Enter your amount and confirm delegation.

The Epoch Cycle

Blockchain time is measured in Epochs (~2-3 days on Solana). Patience is required:

  • Warm-up: Your stake becomes active at the start of the next epoch.
  • Cool-down: When you unstake, funds remain locked until the epoch ends.

Security Note: You retain full custody of your tokens while staked. A validator cannot steal your funds; they simply use your "voting power" to validate blocks.

Ready to dive in?

Apply what you've learned. Download Mute Wallet today and explore the ecosystem with confidence and style.

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