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Solana Staking Calculator: Work Out Interest & Rewards
Find out instantly how much SOL interest you could generate by entering your staking amount and how long you want to stake your Solana (SOL) for.
Calculate your SOL staking rewards
Copy link to section| Ending balance | ||
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| of which is reward |
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How to use our Solana staking APY calculator
Copy link to sectionThe Solana rewards calculator is super simple. Just follow these steps to find out how much you could earn through staking Solana today.
- Enter how much Solana you want to stake. You stake as much or as little SOL as you like.
- Choose your reward frequency. Put in whether you’re going to receive your rewards daily, weekly, monthly, or annually.
- Enter the interest rate. The rewards rate is an annual rate, even if you receive daily payouts.
- Enter how long you want to stake your SOL for. Normally, the longer you lock your money up for, the higher the possible rewards.
And that’s it! The results update automatically as soon as you change any of the details.
Where to stake Solana
Copy link to sectionOur preferred platform for staking Solana is Plus500 . It’s a great place to store and keep your money safe while also offering a range of staking and payout options.
Plus500
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
How do I stake Solana?
Copy link to sectionThe easiest way to stake SOL is to use a platform like Plus500 to join a staking pool. The staking platform takes care of the technical side of things for you and pays out your rewards straight into your account at regular intervals, just like how a bank credits a savings account at the end of each month.
Once you’ve chosen a platform and created an account, you usually just need to send your SOL to the built-in wallet. Sometimes you need to actively choose to stake, while with other platforms the Solana is staked automatically once you have some in your account.
For example, with a service like Nexo, you start earning interest immediately, as soon as you have SOL in your Nexo account. You then have the option to create fixed-term contracts which pay higher rates for a period of time.
But there are other platforms, like Binance or eToro, where you can buy a wider variety of coins but staking is either a more active process or the fees for doing so are considerably higher: between 35-45% on eToro or 25-35% on Binance.
How much can I make by staking Solana?
Copy link to sectionUse the Solana earn calculator to find out exactly how much you could make. However, in almost every instance staking SOL pays a better rate of interest than keeping fiat currency in a bank savings account.
For example, if you have $1000 in a savings account paying 1% interest, over the course of the year you would earn $10. This is normally paid into your account on a monthly basis.
Solana staking rewards are higher, more flexible, and can be paid out more frequently. For instance, if you spend $1000 to buy SOL and deposit it onto a staking platform, then you may be able to earn significantly more and receive that money on a daily basis. If the SOL reward was 8%, this would be the calculation:
$1000 x 8% APY rewards = $80
$80/365 days = $0.21 per day
Or in Solana:
1 SOL x 8% APY rewards = 0.08 SOL
0.08 SOL/365 days = 0.0002 SOL per day
You can also choose to adjust your staking amount or withdraw your money at any time without losing out on your rewards. The trade-off is that the price of the coin is more volatile than fiat currency and the value of your holdings can fluctuate dramatically.
