Stake Solana (SOL) Step-by-Step and Earn Passive Income

Are you holding Solana (SOL) in your wallet and letting it just sit there? If yes, you’re missing out on an easy way to grow your crypto stackโ€”staking. Staking allows you to earn passive income daily just by locking up your existing crypto assets. In this guide, weโ€™ll walk you through a step-by-step process of staking Solana, using both Phantom Wallet and Jet Protocol (Jetdo), two of the most popular and beginner-friendly methods available today.

Staking Solana on Phantom Wallet

๐Ÿ” What Is Staking in Crypto?

In simple terms, staking involves locking up your crypto tokens to support the operations and security of a blockchain network. In return, you earn rewards, typically in the form of more tokens. For Solana holders, staking is one of the best ways to make your idle coins work for you.

๐Ÿ› ๏ธ What You Need to Start Staking Solana

Before diving in, make sure you have the following:

  • โœ… Some Solana (SOL) purchased from a centralized exchange (e.g., Coinbase, Binance, Kraken)
  • โœ… A Phantom Wallet installed (a self-custodial Solana wallet)
  • โœ… Internet access and a browser (Phantom is a browser extension)

๐Ÿช™ Step 1: Buy Solana on a Centralized Exchange

First things first, you need to own Solana tokens. You can purchase SOL from exchanges like:

  • Coinbase
  • Binance
  • Kraken
  • Gemini

Once you’ve got your SOL in your exchange wallet, you’re ready for the next step.

๐Ÿ” Step 2: Transfer Solana to Phantom Wallet

To start staking, you need to transfer your SOL from the exchange to your Phantom Wallet, which gives you full control over your assets.

Hereโ€™s how to do it:

  1. Open your Phantom Wallet extension.
  2. Copy your Solana address.
  3. Go to your exchange, click โ€œWithdrawโ€ or โ€œSendโ€.
  4. Paste your Phantom Wallet address and send the desired amount of SOL.
  5. Confirm the transaction. (It usually takes about 20โ€“30 seconds from centralized exchanges.)

โฑ๏ธ Note: Transfers from centralized exchanges might take longer than transfers between self-custody wallets.

Solana passive income illustration

๐Ÿ’ก Step 3: Choose Between Native and Liquid Staking

Once your SOL appears in your Phantom Wallet, itโ€™s time to staking. Phantom offers two types of staking:

๐ŸงŠ Native Staking

  • Traditional method
  • Locked for a fixed period
  • Cannot access funds immediately
  • Stake and unstake anytime
  • Offers flexibility
  • Earn around 7โ€“8% APY
  • Phantom charges around 8% fee

Liquid staking provides a “receipt” token in return, which proves you and can even be used in DeFi protocols.

Transfer SOL to wallet

๐Ÿ”„ Step 4: Stake via Phantom Wallet (Optional Path)

Letโ€™s say you want to stake directly within Phantom Wallet.

  1. Click on your SOL balance in Phantom Wallet.
  2. Tap on โ€œMoreโ€ โ†’ โ€œStake SOLโ€.
  3. Choose โ€œLiquid Stakingโ€.
  4. Enter the amount of SOL you want.
  5. Confirm and approve the transaction.

Your SOL is now staked and youโ€™re earning rewards! โœ…

However, due to the high fee (8%), many users prefer staking through Jetdo (gito.network) for better rates and reputation.

Jetdo staking dashboard

๐Ÿš€ Step 5: Stake Solana via Jetdo (gito.network) โ€“ Best Option

Jetdo is currently the #1 staking platform on Solana, holding over $2.5 billion in total value locked (TVL) and offering a lower fee of just 4%.

Hereโ€™s how to stake SOL via Jetdo:

๐ŸŒ Go to gito.network

  1. Connect Wallet โ€“ Click โ€œConnect Walletโ€ on the top right and select Phantom Wallet.
  2. Once connected, choose the Stake tab.
  3. Enter the amount you want. (Leave a small amount for gas fees, like 0.1 SOL.)
  4. Youโ€™ll receive a โ€œGITO-SOLโ€ token in return โ€“ this is your receipt of the staked SOL.

๐Ÿงพ What is GITO-SOL?

This is your proof of staking โ€“ just like a store receipt. It’s essential to keep this token safe in your wallet. When you’re ready to unstake, you’ll exchange this token for your original SOL plus any rewards.

๐ŸŽ Earn Rewards Daily

After staking, rewards will begin to accumulate. Jetdo offers an estimated 7.5% APY, though this can vary between 6% and 10%, depending on network conditions.

  • Rewards update daily
  • You can view them in your GITO dashboard or wallet
  • The longer you stake, the more you earn

๐Ÿ”“ Step 6: Unstaking Your SOL

There may come a time when you want to access your staked funds or withdraw your earnings.

Hereโ€™s how to unstake:

Option 1: Immediate Unstake (via Jupiter)

  • Get your SOL back instantly
  • Slightly higher fees
  • Use if you need urgent access to funds

Option 2: Delayed Unstake

  • Wait around 4 hours
  • Lower fees
  • Ideal for non-urgent withdrawals

You can also set priority fees to get faster processing or leave them off for regular unstaking.

Once approved, your SOL (minus small fees) will return to your Phantom Wallet.

Staking comparison chart

โš–๏ธ Phantom Wallet vs Jetdo Staking: Quick Comparison

FeaturePhantom WalletJetdo
Fee8%4%
APY~8%~7.5%
FlexibilityHighHigh
ReputationGoodBest on Solana
Reward TokenYes (Liquid Stake Token)Yes (GITO-SOL)

๐Ÿ’ญ Final Thoughts: Why Stake Solana?

Think of staking like putting your cash into a high-yield savings account. Instead of letting your crypto collect dust, let it generate passive income.

With low risk, high liquidity, and decentralized control, staking Solana is a no-brainer for long-term holders.

๐Ÿ“Œ Key Takeaways

โœ… Stake SOL to earn passive income (6โ€“10% APY)

โœ… Use Phantom Wallet for easy access

โœ… Use Jetdo for better returns and lower fees

โœ… Get daily rewards and access them anytime

โœ… Unstake instantly or with a short delay

๐Ÿ™‹โ€โ™‚๏ธ Got Questions?

If you’re new to staking or ran into any issues, feel free to drop your comments below. Donโ€™t forget to share this guide with a fellow crypto holderโ€”it might just help them earn while they sleep.

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