To stake SOL in the xPortal app, you’ll need to follow a simple series of steps. Here's a short guide:
Open the xPortal app and go to the "Earn" section.
Select SOL Stake from the list.
Choose xPortal as your staking provider and enter the amount you’d like to stake.
Confirm your staking action and start earning rewards.
What are the rewards for staking SOL and when will I receive them?
By staking SOL to help secure the network, you can earn up to 7.36% APY.
SOL rewards are issued once per epoch in your staking account, and the rewards compound over time. Each epoch in Solana is approximately 2.5 days.
Staking yields may vary based on inflation rates and total active stake.
Why should you stake your SOL?
Staking provides one of the safest and most reliable ways to earn rewards in the crypto world, making it a secure way to grow capital. The rewards stem from the blockchain's native currency inflation, and by staking your SOL, you help secure the network while earning rewards.
How to unstake SOL and how long does it take?
Unstaking SOL a simple process that can be initiated at any time from the "Earn" section. The process consists of two steps:
Full or Split Amount Unstake: You can unstake the whole amount or only a portion, which you can withdraw or also leave staked, resulting in two different staking positions.
Unstaking Time: The SOL amount will be available in your wallet after confirming the unstake transaction. There is no waiting time.
Once the process is complete, the unstaked amount will be automatically refunded to the user's wallet. No additional withdrawal action is required.