How to Stake Solana (SOL) with CoolWallet

Content

• What is Solana Staking
• Why Stake SOL with CoolWallet
  • Supported Products
  • Benefits of Staking SOL with CoolWallet
• Instructions
  • Staking Guidelines
  • How to Add a New Stake
  • How to Check Staking Status
  • How to Unstake
• FAQs

What is Solana Staking

Solana staking is a mechanism that allows you to delegate the network’s native token, SOL, to blockchain validators in order to support network operations, help validate transactions, and earn staking rewards.

Solana uses a Proof of Stake (PoS) consensus mechanism. By staking SOL with validators, token holders contribute to transaction validation and block production, which in turn enhances the security and decentralization of the Solana network.

Why Stake SOL with CoolWallet

Supported Products

✅ CoolWallet Pro
✅ CoolWallet Go
✅ CoolWallet Hot

Benefits of Staking SOL with CoolWallet

Staking SOL with CoolWallet not only allows you to earn steady rewards, but also ensures both security and convenience.

• Self-custody control: CoolWallet is a self-custody wallet. You don’t need to rely on centralized platforms, giving you full control of your assets.

• High-level security: With CoolWallet Pro or CoolWallet Go cold wallets, your private keys are securely stored in the chip of the card, never exposed, ensuring maximum asset safety.

• Instant rewards: SOL staking rewards are automatically accumulated, and you can check your updated balance anytime.

• Mobile convenience: Using the CoolWallet App, you can easily stake, unstake, and track rewards anytime, anywhere, with an intuitive user experience.

• Flexible delegation: Freely choose different validators to adjust your staking strategy and diversify risks.

Instructions

Staking Guidelines

• Each stake is calculated independently: In CoolWallet’s SOL staking mechanism, every new stake is processed separately. This includes reward accumulation, unstaking, and other actions. Regardless of which validator you choose, each stake is treated as an independent unit.

• Rewards are automatically added to your principal: In the CoolWallet App, you can view the total accumulated rewards from all your SOL stakes, or check the details of individual stakes through SOLSCAN (a blockchain explorer for Solana). When you unstake and complete the withdrawal, both your rewards and principal will be returned together.

• Unstaking and claiming rewards are separate steps: Unstaking and claiming rewards must be done individually. You first need to initiate Unstake, then wait for the unlock period to finish (usually around 2–3 days, though in some cases it may extend to 5–6 days if block production is delayed). After that, you can perform the Withdraw action to claim both your principal and accumulated rewards in one go.

How to Add a New Stake

Step 1. Open the CoolWallet App and go to Wallet → Earn → SOL to enter the SOL Manage Stakes page.

Step 2. Tap Stake, then select the Solana address and the validator you want to use.

Step 3. Choose your validator and enter the amount of SOL you want to stake, then tap Continue.
Make sure your wallet balance is greater than 0.001 SOL to cover the required network transaction fee and SOL account rent.

Step 4. Review the transaction details carefully, then complete the verification (CoolWallet Pro or CoolWallet Go users will need to have their cold wallet card ready to sign).
A small amount of rent will be included in the staking amount, but this will be refunded to your wallet along with your staked assets and accumulated rewards once you unstake and withdraw.
Once the transaction is verified, your SOL is successfully staked and will begin generating rewards

How to Check Staking Status

• After a successful stake, you can view all your SOL staking records in the Manage Stakes page.

• Once rewards start to accumulate, you can view your total accumulated rewards directly under the Earn tab in the Wallet page.

• To check the reward details for a specific stake, go to the Manage Stakes page, tap Check Rewards for that entry, and you’ll be redirected to SOLSCAN for complete reward information.

How to Unstake

Step 1. In the Manage Stakes page, tap Request Unstaking and select the stake you want to release.

Step 2. Review the unstake transaction details, then complete the verification (CoolWallet Pro or CoolWallet Go users will need to have their cold wallet card ready to sign).
Once verified, the unstake request is submitted. You will then need to wait for the unlock period to end (usually around 2–3 days, or up to 5–6 days if block production is delayed).

Step 3. After unstaking is completed, the status of your SOL will change in sequence: “Staking” → “Unstaking in Progress” → “Inactive.”

When the status shows “Inactive”, you can tap Withdraw.

Step 4. Select the stake you wish to withdraw, then complete the reward withdrawal verification (CoolWallet Pro or CoolWallet Go users will need their cold wallet card ready to sign).

Once the transaction is verified, your staked assets and accumulated rewards will automatically be returned to your SOL wallet address and become available for use.

FAQs

Q1: Can I transfer SOL while it is staked?

No. The staked portion cannot be transferred. You must first unstake it and wait for the unlock period to finish before the SOL becomes available again.

Q2: What is the minimum amount required to stake SOL?

You only need to stake 0.01 SOL to start participating and earning rewards.

Q3: Can I unstake SOL at any time?

Yes, you can. However, you must wait for the unlock period (usually about 2–3 days) before you can withdraw your SOL.

Q4: When are staking rewards distributed?

Staking rewards start accruing from the next epoch after you begin staking. Each epoch lasts around 2–3 days, and rewards are distributed at the end of each epoch. The first reward is typically distributed 4–6 days after you stake. After that, rewards are distributed every 2–3 days.

Q5: Are staking rewards automatically compounded?

Yes. At the start of each new epoch, rewards from the previous epoch are automatically added to your principal and continue to generate compound rewards.

Q6: How are staking rewards calculated?

According to the operating protocol of Solana, the amount of staking rewards depends on several conditions, such as the percentage of the staked SOL on chian, inflation rate, the performance of the validator, and block times. The validator takes a portion from the total reward and the rest is distributed to the stakers as an incentive in proportion to the delegated amount.

Q7: Are there any extra fees during staking?

A small amount of SOL is locked as rent when you stake, but it will be refunded to your wallet once you unstake and complete the withdrawal. In addition, each transaction requires a small network fee. We recommend keeping at least 0.001 SOL in your wallet to cover these fees.

Q8: Which validators can I choose from?

Currently, CoolWallet supports staking with Everstake and Figment, both well-known professional validator service providers with a strong record of reliable performance. You are free to choose between them according to your needs.