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Solana is a layer-1 blockchain designed to host decentralized applications, secured by proof-of-stake consensus. Holders of SOL, Solana’s native token, can earn rewards by staking and participating in network security. Anchorage Digital offers support for Solana including custody, staking, and liquid staking through JitoSOL:
  • Custody your SOL (deposit and withdraw)
  • Stake SOL to any validator and collect rewards
  • Mint JitoSOL directly from the Anchorage Digital platform

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Understanding your SOL balances

Due to Solana network requirements, Anchorage will hold a small amount of SOL in your account. The different balances you might see in your wallet include:
Balance typeDescription
AvailableYour spendable SOL balance — what you can freely transfer or stake.
Rent Reserve - Stake Account(s)SOL locked aside to keep your stake account(s) alive. Solana requires every on-chain account to maintain a minimum SOL balance to stay “rent-exempt.”
Rent Reserve - WalletA small amount of SOL locked to keep your wallet account alive on-chain.
StakedSOL that is actively delegated to a validator.
Staking ReserveA small buffer of SOL set aside to cover the transaction fees associated with managing your stake accounts. It ensures you always have enough SOL to perform staking operations, such as unstake and collect, on existing staked positions.

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How to stake

1

Navigate to your wallet

Tap the vault, select the wallet, then tap Stake.
2

Select a validator

Pick a validator from the drop-down or enter the validator’s vote account address, then tap Next.
3

Enter amount

Enter the amount you wish to stake, then tap Next.
4

Review and approve

View the amount of tokens to be staked. Tap Review after adding a comment (optional) to review and approve the operation. Once the operation’s quorum policy is met, the operation will be signed and broadcast on-chain.

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Solana rewards

When you stake your SOL, the protocol automatically re-stakes your rewards. Rewards are distributed every epoch — approximately 1–2 day periods — and will be added to your staking balance.
If you stake to a validator running Jito, you will also receive a separate reward type called MEV rewards. These rewards are not automatically restaked on your behalf. Instead, these rewards are distributed to your SOL staking account in an inactive state and must be collected. See the unstaking steps below to collect inactive rewards.

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How to unstake

Unstaking requires you to initiate two operations: 1) unstake and 2) collect.

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Step 1: Unstake

1

Navigate to staking details

Go to the wallet screen and tap View details.
2

Initiate unstake

Select the staking position from which you would like to unstake. Tap on the [ ··· ] button in the staking position card, then tap Unstake.
3

Enter amount

Enter the amount you wish to unstake from this staking position.
4

Review and approve

View the amount of tokens to be unstaked. Tap Review after adding a comment (optional) to review and approve the operation. Once the operation’s quorum policy is met, the operation will be signed and broadcast on-chain.
You will need to wait until the current Solana epoch ends before your SOL is available to collect back to your wallet. Epochs are typically 1–2 days.

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Step 2: Collect

1

Navigate to staking details

Go to the wallet screen and tap View details.
2

Collect inactive stake

Select the staking position from which you would like to collect the Inactive Stake. Tap on the [ ··· ] button in the staking position card, then tap Collect.
3

Enter amount and approve

Enter the amount you wish to collect from this staking position and tap Next. Tap Review after adding a comment (optional) to review and approve the operation. Once the operation’s quorum policy is met, the operation will be signed and broadcast on-chain.

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JitoSOL mint and redeem

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Mint JitoSOL

To mint JitoSOL, follow the SOL staking flow and choose JitoSOL (Liquid Staking) from the available validator options.

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Redeem JitoSOL

To redeem JitoSOL for actively staked SOL, navigate to the wallet that holds JITOSOL_SOLANA and press Redeem. Once the redemption operation is complete, the corresponding amount of actively staked SOL will appear in your wallet. You can then follow the SOL unstaking flow.
Redeem one at a time. You can only redeem JITOSOL_SOLANA one operation at a time. Wait for your first redemption to complete before starting the second redemption.
Redeeming over 40,000 JITOSOL_SOLANA. If you are redeeming more than 40,000 JITOSOL_SOLANA, please split it into multiple transactions. To ensure success, keep each individual transaction at or below the 40,000 JITOSOL_SOLANA limit.This limitation is from the protocol and is necessary because very few Jito validators can process larger, single redemptions. Note that the 40,000 JITOSOL_SOLANA limit is subject to change as the protocol evolves.