Staking SOL with StaFi
How to Stake SOL with StaFi
Required Wallet
Download Phantom Wallet: https://phantom.app/
Go to Staking Page
Visit the rToken App and click the “Stake” button.
Connect Wallet
Click on the “Connect Wallet” button to connect your Phantom wallet.
Input staking amount
Enter the amount of SOL you would like to stake. Review the amount of rSOL you will receive and the Annual Percentage Rate (APR) for staking. Click the “Stake” button to proceed.
Confirm transaction and await for confirmations
Upon clicking “Stake”, you will be redirected to your Phantom wallet. Confirm the transaction details, including gas fees. To proceed, click on the “Confirm” button to sign the transaction. Wait for the transaction to be confirmed and the staking operation to be completed successfully.
Track Rewards
Monitor your staked SOL and its rewards by visiting your Profile.
Commission Fee
10% of SOL staking rewards will be allocated to StaFi DAO.
How to Unstake
The rSOL token has been updated to the Solana chain, allowing for unstaking directly on Solana chain without the need to bridge to the StaFi Chain.
Visit SOL Unstaking Page
Visit the SOL unstaking page, and proceed by clicking on the “Unstake” tab.
Input unstaking amount
Enter the desired amount of rSOL you would like to unstake, and proceed by clicking on the “Unstake” button.
Confirm transaction and wait for confirmations
- After clicking “Unstake,” you will be redirected to your Phantom wallet.
- Confirm the transaction details, including gas fees. Click the “Confirm” button to sign the transaction.
- Wait for the transaction to be confirmed and the unstaking process to be completed successfully.
Unbonding rSOL takes 5 days before it can be withdrawn.
Withdraw
rSOL will need to be manually withdrawn from the Withdraw Tab on the rSOL Dashboard once the unbonding period has ended. Click on “Withdraw” button to proceed.
Receive Tokens
Verify the transaction on your Phantom wallet. To proceed, click on the “Confirm” button to sign the transaction. Upon confirmation of the transaction, SOL tokens will be withdrawn and sent to your wallet.
rSOL Migration from StaFi Chain to Solana
Go to Bridge page
Go to Bridge page, then select bridge and token as follow:
Enter Amount
Enter the rSOL amount you would like to bridge.
Confirm transaction and await for confirmations
Upon clicking “Bridge”, you will be redirected to your PolkadotJS Extension wallet. Review the transaction details, and click on the “Approve” button to sign the transaction. Wait for the transaction to be confirmed and the staking operation to be completed successfully.
Track rSOL amount
Monitor your rSOL and its rewards by visiting your Profile.
