Mainnet Beta

Stake Solana

Stake SOL and receive stSOL while staking

Stake

Unstake

Stake

You will receive

Transaction cost and one time rent exemption fees will be deducted from your SOL balance

Exchange rate

Updates at the end of an epoch. Rising exchange rate indicates an appreciation in stSOL value
1 stSOL = ~1 SOL

Transaction cost

Staking rewards fee

Please note: This fee applies to staking rewards/earnings only, and is NOT taken from your staked amount. It is a fee on earnings only. This fee is split between node operators, the DAO treasury, and Lido for Solana developers
10%

Lido statistics

View on Block Explorer

Annual percentage rate

Total staked with Lido

Stakers

stSOL market cap

FAQ

How long after unstaking can I withdraw my SOL?

Your stake will take 2-3 days to completely deactivate upon Unstaking. After that, you can use your wallet (Phantom or Solflare) to withdraw the inactive stake.

My stake has become inactive, how can I withdraw my SOL?

For now only Phantom and Solflare offer withdrawals of inactive stake.

What is Lido for Solana?

Lido for Solana is a liquid staking solution for SOL backed by industry-leading staking providers. Lido lets users earn SOL staking rewards without needing to maintain infrastructure and enables them to trade staked positions, as well as participate in on-chain decentralized finance with their staked assets.


Lido for Solana gives you:

  • Liquidity through tokenization — No activation delays and the ability to sell your staked tokens or use them as collateral in decentralized finance
  • One-click staking — No complicated steps
  • Decentralized security — Assets spread across the industry’s leading validators chosen by the Lido DAO
Learn more here.

How does Lido for Solana work?

A SOL token holder connects their wallet and deposits their tokens into the Lido program. They immediately receive stSOL tokens that represent a share of the total pool and the Lido program delegates SOL to Lido-controlled validators on the Solana network. When these delegations accrue rewards on the allotted stake, the total SOL under management grows and this increases the value of stSOL tokens.

Learn more here.

What is liquid staking?

Liquid staking protocols allow users to earn staking rewards without locking assets or maintaining staking infrastructure. Users can deposit tokens and receive tradable liquid tokens in return. Liquid staking combines the benefits of staking (earning rewards) and brings liquidity, as well as additional possibilities to increase your assets or hedge your positions by participating in DeFi.

Furthermore, the Lido program stakes these tokens with DAO-elected staking providers. As users' funds are controlled by the program, staking providers never have direct access to the users' assets. Additionally, by involving different staking providers, Lido diversifies risks across multiple node operators.

What is stSOL?

stSOL is the liquid token that represents your share of the total SOL pool deposited with Lido. As soon as you delegate to the pool, you receive the newly minted stSOL. Over time, as your SOL delegation accrues rewards, the value of your stSOL appreciates. Interestingly, there is no waiting time for receiving stSOL tokens. When a user delegates their SOL tokens they do not need to perform or wait for the completion of any delegation or activation steps, as is the norm in traditional staking. The user can instantly exchange stSOL for SOL at any time in the open market.

What is LDO?

LDO is a token granting governance rights in the Lido DAO. The Lido DAO decides on the key parameters (e.g. fees) and executes protocol upgrades to ensure efficiency and stability. By holding the LDO token, one is granted voting rights within the Lido DAO. The more LDO a user holds, the greater the decision-making power the voter has.

Which wallets do you support?

As of now we support the following 5 walletsIf you want support for some other wallet please reach out to us on Telegram.

Why should I prefer liquid staking over traditional staking?

In traditional Solana staking a user has to perform a number of steps manually
  • Create a Stake Account and transfer SOL to it
  • Set its deposit and withdraw authorities
  • Delegate it to a validator
  • Wait for activation of the delegation before the stake starts earning rewards
Furthermore, in traditional staking, if the user wants to diversify her stake across validators she would have to create and manage stake accounts for each validator.

Staking SOL through Lido will come with a variety of benefits:
  1. One-step process — Just deposit into the pool with a single click
  2. The pool takes care of validator diversification
  3. Immediate appreciation — You start earning from the pool from the moment of deposit. This gets reflected in the value-appreciation of stSOL tokens

How can I redeem stSOL for SOL?

Withdrawals of SOL from the Lido program can be done through the Unstake tab. However, unstaking directly from the Lido program will incur the stake deactivation period, which is roughly (2-3 days). Immediate withdrawal options will be available in the open market through liquidity pools on AMM protocols and other DEXes where one will be able to immediately exchange stSOL for SOL. If you wish to instantly receive SOL, we recommend trading stSOL directly on an exchange (for more info explore the ecosystem section)

How can I calculate my earnings?

Your current stSOL balance also indicates the number of SOL it is worth. This means that if you were to redeem all of your stSOL tokens today you will receive the indicated number of SOL tokens. If you subtract this SOL amount from the amount of SOL invested in the Lido program, you get your lifetime earnings. You can also see the annualized APY for staking with Lido on the solana.lido.fi frontend.

What are the risks involved?

  • DAO key management risk

    Solana staked via the Lido DAO is held across multiple accounts backed by a multi-signature threshold scheme to minimize custody risk. If signatories across a certain threshold lose their key shares, get hacked, or go rogue, we risk funds becoming locked.

  • Downtime risk

    Solana validators can go offline, in which case they do not earn staking rewards, lowering the return of SOL stakers. To minimize this risk, Lido stakes across multiple professional and reputable node operators with heterogeneous setups. This will also serve to mitigate potential slashing risks, should Solana implement slashing penalties in the future. There is also the possibility for additional mitigation for hypothetical slashing risks in the form of insurance paid from the Lido treasury.

  • stSOL price risk

    As mentioned above, withdrawals from the Lido program take some time to deactivate. Liquidity pools in the open market will be available for instantly redeeming stSOL for SOL or stablecoins like USDC and USDT. On such pools users risk an exchange price of stSOL which is lower than the inherent value due to withdrawal restrictions on Lido, making arbitrage and risk-free market-making impossible. The Lido DAO is driven to mitigate the above risks and eliminate them entirely to the extent possible. Despite this, they may still exist and, as such, it is our duty to communicate them.

What fee is applied by Lido? What is it used for?

Lido applies a 10% fee on a user's staking rewards. This fee is split between node operators, the DAO treasury, and Lido for Solana developers. This fee cut is applied to incentivize Lido maintainers. To incentivize sustainable management of the Lido ecosystem, half of the fee split (=5%) is given to the node operators, 1% to Chorus One as the core developers, and 4% to the DAO treasury which can further utilize it in avenues like grants, insurances, and value accrual to LDO.