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Introduction

Solana is a layer-1 blockchain designed to host decentralized applications. The network is secured using proof-of-stake consensus, and Solana’s native token, SOL, allows token holders to collect rewards for helping secure the network. Porto by Anchorage Digital offers support for Solana including:
  • Custody your SOL (deposit and withdraw)
  • Stake SOL to any validator and collect rewards

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How to stake SOL

1

Navigate to the wallet

Tap the vault and select the SOL wallet you would like to stake from.
2

Initiate staking

Tap Stake and proceed to review and accept the disclosures.
3

Enter validator and amount

Enter the validator address with which you would like to stake, then enter the amount you would like to stake.
4

Submit for approval

Tap Review, add a comment (optional), and follow the prompts to review and approve the operation.
Adding more SOL to a wallet’s existing staked position is not supported. If you would like to stake additional tokens, you must do so from a separate SOL wallet.

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Solana staking rewards

When you stake your SOL, the protocol automatically re-stakes your rewards. Rewards are distributed every epoch—approximately two-day periods—and will be added to your staking balance.

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How to unstake SOL

1

Navigate to the wallet

Go to the wallet screen and tap View details.
2

Select the validator

Select the validator from which you would like to unstake, then tap Unstake.
3

Review the unstake amount

The wallet’s entire staked balance with that validator will be unstaked. Review the amount of tokens to be unstaked.
4

Submit for approval

Tap Review, add a comment (optional), and follow the prompts to review and approve the operation.
For questions about SOL staking, contact portohelp@anchorage.com.