$SOL
How SOL is used in SolStaking:
đ 1. Staking SOL
You delegate your SOL tokens to a validator on the Solana network. This helps secure the network and validate transactions.
đ° 2. Earning Rewards
In return, you earn staking rewards (typically 6â8% annually, but it can vary). Rewards are paid in SOL.
đ§ 3. Non-Custodial
When you stake SOL using SolStaking or similar platforms:
You keep control of your keys.
Your SOL is locked, but not transferred to another wallet.
âł 4. Lock Period (Warm-Up & Cooldown)
There's often a cooldown/unbonding period (e.g., ~2â3 days on Solana) before you can unstake and withdraw.
