How to stake SOL with SoLyrae, from creating a wallet to your first rewards
This guide is for someone who has never used a Solana wallet. By the end you will have a wallet, some SOL in it, and that SOL delegated to SoLyrae. Your SOL always stays in a stake account that only you control. SoLyrae never holds it.
What you need
- A phone or a computer.
- Some SOL. You can start with any amount.
- About 15 minutes, and a pen and paper.
1. Create a wallet
A wallet is the app that holds your SOL and signs your transactions. Well-known options include Phantom, Solflare and Backpack. Pick one and follow these rules:
- Install it only from the wallet's official website or your phone's official app store. Check the address carefully, because fake copies exist.
- Choose Create a new wallet and set a password.
- The wallet shows a recovery phrase of 12 or 24 words. Write it on paper and keep it somewhere safe and private.
2. Get SOL into your wallet
- Buy SOL on an exchange, or with the buy option inside your wallet if it has one.
- In your wallet, open Receive and copy your Solana address.
- On the exchange, choose Withdraw, select SOL, paste your address and choose the Solana network.
- For the first transfer, send a small amount and check that it arrives before you send the rest.
3. Open the staking section
In your wallet, look for Stake or Earn. The menu names change a little between wallets, but every common Solana wallet has this section.
4. Choose SoLyrae
Search for SoLyrae. If your wallet does not list it, paste our vote account instead:
DPhzpiNGU9C6576uLsNSHmdi2AxwxpjMsRdh2iVC4TPhBefore you confirm, check that the address your wallet shows is exactly this one. You can also look it up on our explorer or see our live numbers on the performance page.
5. Enter the amount and confirm
- Enter how much SOL to stake. Keep a small amount unstaked in your wallet to pay for future transactions.
- Review the screen, then confirm and approve the transaction in your wallet.
- The wallet creates a stake account in your name and delegates it to SoLyrae. You keep the withdraw authority.
Not sure how much you would earn? Try the rewards calculator first.
6. Wait for activation
A new stake is shown as activating until the next epoch begins. An epoch now lasts around 26 hours, so the wait is at most about a day. After that the stake is active and starts earning.
7. Rewards
At the start of each epoch, about once a day, your rewards are added to your stake account and your stake grows by itself. How much you earn depends on network inflation, how well the validator performs and its commission. You can check the details on our rewards page.
8. Unstaking or changing validator
- In your wallet, choose to unstake (deactivate) the stake account.
- The stake becomes inactive at the end of the current epoch, at most about a day away.
- Then withdraw it to your wallet balance. To change validator, delegate it again to another one.
Safety checklist
- Install wallets only from official sources, and bookmark the wallet's real website.
- Nobody legitimate will ask for your recovery phrase, even if they say they are from SoLyrae or from your wallet.
- Ignore private messages that offer help, bonuses or "support".
- For larger amounts, consider a hardware wallet.
- Rewards are not guaranteed, and the price of SOL can move.
This article is for information only and is not financial advice. Wallet screens change over time, so check your wallet's own help pages if something looks different.