The Ultimate Guide to Staking Solana (SOL) in 2024: Platforms, APYs, and Tips

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Whether you seek high Annual Percentage Yields (APY), flexibility in staking, or engagement in governance and liquidity provision, the options are vast and varied.


If you’re eyeing the Solana blockchain for staking opportunities in 2024, you’re in luck. The landscape boasts a variety of platforms, from in-house staking protocols to versatile crypto wallets and accessible exchanges, each offering a unique set of benefits to enhance your crypto portfolio. Whether you seek high Annual Percentage Yields (APY), flexibility in staking, or engagement in governance and liquidity provision, the options are vast and varied.

Staking Protocols on Solana

  1. Marinade.Finance is a standout, promising a return of 6.03% APY. It empowers users with control over their tokens and opens doors to over 400 validators. The platform also invites participation in its decentralized autonomous organization (DAO) and liquidity pools.
  2. Socean swings in with an APY of 6.50%, employing dynamic staking strategies to optimize your returns by reallocating SOL among validators, aiming to minimize losses.

Crypto Wallets for Staking SOL

  1. Phantom Wallet shines with its user-friendly interface and compatibility with hardware wallets like Ledger and Trezor. It offers detailed insights into validators, aiding in making informed decisions.
  2. Exodus Wallet streamlines staking within its ecosystem, supporting a broad spectrum of cryptocurrencies. It simplifies the process by selecting a validator on your behalf.
  3. Atomic Wallet presents an uncomplicated staking experience with an approximate 7% APY, accommodating over 500 different tokens and coins.
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Crypto Exchanges for Staking SOL

  1. Binance entices with competitive rates and straightforward access, boasting an estimated reward of 13.47% APY for extended lock-up periods. However, it’s not accessible to users in the USA.
  2. Kraken offers a flexible staking option with an APR ranging from 2% to 4%, featuring instant unstaking at any time without penalties.
  3. Coinbase recently launched Solana staking with an APY up to 5.01%, celebrated for its ease of use and strong security measures, albeit with a 25% staking fee.
  4. Exchange provides rewards of 1% to 2% APY for staking Solana, influenced by whether CRO tokens are also staked on the platform.

When delving into Solana staking, it’s crucial to weigh factors like custodial risks, fees, and the degree of control over your investments. Each platform has its distinctive features and terms, making it essential to choose one that aligns with your staking preferences and security expectations.

For a more thorough understanding and to explore a comprehensive list of the best places to stake Solana in 2024, consider delving into the original articles on CoinWire, Coin Bureau, and Hedge with Crypto. These resources offer detailed insights into the staking platforms, anticipated returns, and the advantages and drawbacks of each option, guiding you toward making the most informed decision for your staking endeavors.

This post is for informational purposes only. It is not financial advice. Always do your own research before investing.

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