Stake SOL

There are two main ways to stake Solana on Backpack:

1. Liquid Staking: stake SOL while maintaining liquidity through tokenized staking derivatives like bpSOL

2. Native Staking: delegate SOL directly to a validator through your wallet.

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How To How To Liquid Stake SOL for bpSOL

Backpack staked SOL, or bpSOL, can boost your rewards by up to 15% (rates vary and change frequently). Follow these steps to convert your existing SOL to bpSOL and start earning today.

• Swap SOL for bpSOL in the Swap tab

How To Natively Stake SOL

Backpack recommends 2 validators, the Backpack Validator and the Mad Lads validator. Follow these steps to natively stake your existing SOL through a Solana validator and start earning today.

1. Open Solana (SOL) from the token list

2. Select the 'Stake SOL to Earn' button

3. Choose the 'Add Stake' button

4. Enter the amount of SOL you wish to stake and select the 'Stake' button

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FAQs about staking SOL with Backpack

1. What is the minimum amount of SOL needed to stake?

0.01 SOL

2. How long does it take for staked SOL to activate?

This period can vary however a new stake will activate within 24 hours.

3. Can I unstake my SOL at any time?

You can unstake SOL at any time however you must wait for the next Solana epoch to receive the tokens in your Wallet.

See the Solana Epoch status here

4. What is the Mad Validator?

The Mad Validator is Backpack owned and managed. It began operations after the Mad Lads NFT collection launch.

See details about the Mad Validator here.

5. What is staked SOL used for?

Staked SOL is used to validate blockchain transactions on the Solana network.

6. How long should I stake my SOL tokens?

SOL is typically staked for long periods of time

7. What is the difference between native staking and liquid staking on Solana?

The key difference between native staking and liquid staking on Solana comes down to liquidity and flexibility:

• Native Staking

  • You delegate SOL directly to a validator.

  • Your SOL is locked and cannot be used elsewhere until you unstake (which takes 2-3 days).

  • You earn staking rewards but have no immediate liquidity.

• Liquid Staking

  • You stake SOL through a liquid staking protocol (like Sanctum)

  • You receive a liquid staking token (e.g. bpSOL) that represents your staked SOL.

  • This token can be traded, used in DeFi, or swapped back to SOL.