Trezor has implemented Solana (SOL) staking in its cryptocurrency manager, Trezor Suite. The new feature allows Solana holders to securely stake their SOL while maintaining full self-custody over their assets.
How Solana Staking Works
SOL staking in Trezor Suite is enabled by integration with Everstake, a staking-as-a-service provider. Users can access this feature with the latest Trezor Suite release, where they can select staking in their SOL account and delegate their tokens to a validator.
Key Benefits of Solana Staking
Staking allows SOL holders to contribute to the security and decentralization of the Solana network. By delegating their tokens to validators, users help secure the blockchain and facilitate transaction processing without relinquishing ownership. Solana staking in Trezor Suite provides a secure and efficient way to grow holdings while maintaining full asset control. This feature ensures SOL remains under user ownership while being staked. With a competitive APY of up to 7%, staking not only grows users’ SOL but also supports the Solana network's overall integrity and resilience. A low entry barrier of just 0.01 SOL makes staking accessible to a broad range of users. Trezor Suite’s intuitive interface simplifies the delegation process while upholding high security standards.
Compatibility and Availability
This new feature extends the functionality of Trezor Suite, an all-in-one crypto management solution enabling secure transactions, including buying, selling, exchanging, and now staking SOL within a single interface. It is available on Trezor Model T, Trezor Safe 3, and Trezor Safe 5 devices.
The Solana staking feature in Trezor Suite represents a significant extension of capabilities for users, enabling them to securely stake SOL and contribute to the decentralization of the Solana network.
