Published in · 6 min read · Jan 24, 2022
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Nowadays Solana stands as the fastest blockchain in the world, as well as the fastest-growing ecosystem in crypto. With all the possibilities that SOL offers to us, its holders have an opportunity to stake tokens, help secure the network and, in addition, earn rewards while doing so.
The staking process can be proceeded through a variety of crypto wallets. The Everstake team has prepared for you several staking guides through different wallets. For the list of our guides, please visit the Everstake page.
Let’s cover in this guide how to track your rewards and make sure that funds are accumulating in the right way.
Sometimes, wallets might not display stake account details clearly, and SOL holders may suffer from misleading information regarding their funds (like total balance, total received staking rewards, etc.), thus using Solana explorers helps to re-check the credibility of the information and make sure that the rewards have been paid out to you.
Start with your wallet address to obtain a full list of the transaction history. For example, let’s take the demo wallet address from the Solflare wallet.
By copying the mentioned address and pasting it into the Solana Explorer, solscan.io or solanabeach.io “search” field, you will be presented with the full list of your transaction history. Click on each of the transaction signatures to get more details.
In order to track your staking rewards, find your staking address. There are two main ways to do it:
1) discover your staking addresses through your transaction history in the explorer;
2) obtain an address from your wallet and track it in the explorer to find related stake accounts.
Let’s cover the 2nd option (the easiest one) in detail.
Copy your wallet address from the header of the Phantom Wallet by clicking on it, as displayed on a screenshot below:
Go to solanabeach.io and enter the address copied into a search field. You’’ ll see all the transactions listed.
Proceed to the “Stakes” tab to find all your stake accounts displayed:
Click on the account you want to track and scroll down to the bottom of the page, then click on the “Stake rewards” tab:
You will be able to track the staking rewards that are processed automatically by the network each epoch.
If solanabeach.io is experiencing issues, you can use Solana Explorer or solscan.io. Track your wallet address in the “Search” field of the explorer. SolScan displays the delegator’s “Stake accounts” but it doesn’t provide information on staking rewards, so it’s quite useless in our case:
Solana Explorer will display your rewards but they really want you to search for them ;)
Here is how. Track your wallet address in the “Search” field of the explorer and in the page opened scroll down to “Transaction history”. Click on the transaction signature that you know is related to staking (the date of the transaction might help you to recognize the one you need):
In the page opened scroll to the very bottom to find your Stake address → click on it:
Again, scroll down the page to finally discover your staking rewards information:
Done!
Note: the rewards in Solana auto-compound, which means they are being added to your staking balance each epoch, by default. So, you’ll notice with time that your staked amount of SOL “grows”.
In the screenshot below you can see how the staking address is presented in the UI of Solflare wallet. Copy the mentioned address and paste it into Solana Explorer or solanabeach.io “search” field.
Use solanabeach.io for easier representation of your stake accounts as explained before.
After pasting the wallet address into the Solana Explorer, you will be linked to the page with all the details related to your account, including Address, Balance, Delegated Stake, activation epoch, deactivation epoch, etc.
The most important part of the interface is the “Rewards” tab (the sequence of steps needed to obtain stake address and reach the “Rewards” tab is described above) .
Here you can track the rewards you have earned during every single epoch and find your post balance.
Note: the rewards in Solana auto-compound, which means they are being added to your staking balance each epoch, by default. So, you’ll notice with time that your staked amount of SOL “grows”.
What is an epoch?
An epoch is a unit of time in computing. It varies slightly but is normally around 2–3 days. When you start staking, the epoch you are in will not accumulate rewards. Check the epoch progress on solanabeach.io.
What does activating / deactivating stake status mean?
When you delegate or un-delegate a stake account, the tokens do not change state immediately. Newly delegated tokens are considered “activating” or “warming up”, and are not eligible to earn rewards until they are fully activated. Newly un-delegated tokens are considered “deactivating” or “cooling down” and are not able to be withdrawn until deactivated.
The Solana protocol only allows staked tokens to finish changing state at the beginning of a new epoch.
I just staked all my SOL, but I can’t see my stake (Phantom wallet bug)
Transfer a small amount of SOL to the wallet, to have the stake displayed properly. Solana’s recommendation is to keep 0.05 SOL liquid in your wallet for gas fees.
How long to unstake, and do I have to do any extra steps?
It takes an epoch (2–3 days) for the stake to get deactivated. After that, you will need to withdraw tokens.
Find more answers on our SOL dedicated webpage.
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