As you may know, CoolWallet Pro, the world’s everyday hardware wallet for DeFi users, now supports Solana’s SOL native cryptocurrency.
Want to earn passive income through SOL staking in cold storage? In this guide, you will learn how to stake SOL via our trusted partner Everstake in the CoolWallet App step by step, just like with Tezos (XTZ).
Step 1. Download the latest CoolWallet App and have your CoolWallet Pro ready. Click “Marketplace” on the bottom bar to the Marketplace page.
Step 2. Click the “Staking” block. Then choose “SOL”.
Step 3. If you have not activated SOL in your wallet, please click “Activate SOL” and long-press the button on your CoolWallet until ”Hello” shows up on your card. Then it will take around 30 seconds to activate SOL in your CoolWallet App.
If you have already activated SOL, jump to Step 4.
Step 4. After activating SOL, click “Stake” to delegate your SOL address. On the “Stake” page, you can click the down-side arrows to select the SOL address you want to use. Everstake is set as the validator by default. Then enter the amount of SOL you want to stake. You can also simply choose the percentage of the SOL amount in your wallet to stake. It is recommended to keep at least 0.01 SOL in your wallet for an unstaking fee. Then click “Continue” for the next step.
If you don’t have enough SOL to stake, you can simply make a crypto purchase or swap your crypto to SOL in the CoolWallet App (not financial advice!). CoolWallet App is currently supporting crypto purchase services from MoonPay, and crypto swap services from ChangeHero, and Changelly.
Step 5. On the “Transaction Confirmation” page, you can check the staking information, including the fee, the amount of SOL, and your wallet address. Click “Confirm” only if all of the information is correct. Now you need to connect your CoolWallet to the CoolWallet App. Please long-press the button on your CoolWallet to activate it.
Step 6. When you activate your CoolWallet, “Hello” will be shown on the card screen. Check whether your CoolWallet is successfully connected to the CoolWallet App. If the connection is successful, your CoolWallet will show the coin type “SOL” first, and show “STAKE”, the amount of SOL you are going to stake, “PRESS button”, and “Sent” sequentially. You just need to follow the instruction to press the button on the card to complete the process.
Congratulations! You have successfully staked your SOL via Everstake. Sit back and continuously receive staking rewards!