How to earn Solana without trading.
If you are an investor in Solana and see a long-term future for it, there is no point in keeping your coins in your wallet without generating passive income.
Therefore, in this article, I will explain how to profit from Solana coins with minimal risks.
What is Staking?
All Proof of Stake networks like Solana rely on a system through which network coins are staked to validators, aiming for these validators to process network transactions.
In return for their efforts, they receive transaction fees and network rewards from SOL coins.
Thus, staking is very important in the structure of blockchain networks, as it is based on the network's foundation: the validators and the proof-of-stake system.
Thus, staking yields are considered stable as they are not affected by coin prices but are based on network activity.
If you want to participate in staking, you can simply stake your coins to a validator and lock them for that validator, and you will receive rewards as usual.
But some prefer not to do that because they want to receive staking rewards, but at the same time do not want to give up ownership of their coins and wish to use them in DeFi applications or for other purposes.
Therefore, there are what is called liquid staking coins in the market, and the idea is that you stake your coins and lock them for a validator, which is mostly a platform or protocol, and in return, you receive a liquid staking token that is equal in price to the original coin, in this case, Solana.
Most individual investors prefer this solution because it gives them access to liquidity in addition to ensuring staking yields.
How to earn Staking rewards for Solana?
From the homepage, look for Sol Staking.
Then click on Subscribe.
Then specify the amount of SOL coins you wish to participate with (minimum 0.01).
You will see below the expected annual yield, in addition to how much SOL profit you will make monthly.
After that, you will receive the BNSOL token, which you can easily use on DeFi protocols and others.
