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
- Navigate to your SOL balance card.
- Tap 'Start earning rewards'.
- 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.
- 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.