In this video, we give a beginner tutorial on how to stake your Solana to earn rewards, and improve the security of the Solana network.
Will you be staking some SOL now? What are your thoughts?
This is a beginner’s overview for someone quite new to crypto. Use timestamps, pause, and change the speed (slower or faster) if needed.
My goal is to make things super simple as, for most, crypto is too difficult currently.
☆Exchange to buy SOL (can be purchased elsewhere too) https://www.coinspot.com.au/register?code=REFTVDJ78 (Referral $10btc for you and I)
☆My Favorite Exchange FTX (Advanced beginner to Intermediate skills)
https://ftx.com/#a=SebMonty (this is a referral link for a discount in fees)
☆ Twitter: https://twitter.com/SebMontgomery
0:00 Intro to Installing Phantom
0:36 Staking with Phantom
01:10 Activation Phase of Staking
1:18 Remove Stake during Activation Phase
2:14 Epoch Length of Time & Definition
2:49 Unstaking our Solana
3:28 Deactivation Time
3:40 How to Choose a Validator in Phantom App
4:32 Delegating your SOL is not loaning out your SOL
4:41 How I choose a Validator?
5:33 Simple Explanations on Validator Scores
6:00 How much Interest can we Earn?
VERY IMPORTANT: Always check ANY LINKS with official sources in case a scammer uses a wrong address, which happens always, or in case the youtuber makes a mistake.
Disclaimer: I am not a financial advisor. This is an educational tutorial and guide.
Always DYOR (Do Your Own Research) and ensure you learn the pros, cons, risks, and rewards, before you put your hard-earned money to work.