Hello crypto world, today i'm going to write about one of my favorite topic: passive income with cryptocurrencies!

Getting a passive income has always been one of my main target and crypto space makes it possible in many ways.

Today i will focus on one of the easiest i have found that is staking solana.

Solana is a web scale blockchain trying to challenge with the best on scalability,decentralization and security. 

Solan program library tokens(spl) act exactly like erc20 tokens do with eth.

For example, as you know, if you need to send some Uni on ethereum you will pay fees in eth.

At the same time if you wish to send some Srm (serum) on solana blockchain you will pay transaction fee in Sol. The fee on solana is actually 0.000005 sol that is really a good deal.

Solana is growing fast with new projects on its chain so it can be a "game changer" i like to have in my wallet.

Solana staking

Is possible to get rewards payed in sol just by delegating your sol to a validators.

Apy is flexible and at the moment i'm writing is over 11.3% on exodus wallet.

How staking works? 

As i said before staking means delegating an amount of your sol to a validator. By staking with exodus like i'm doing the validator designed is everstake.

Staking is very easy:

-send sol to your exodus wallet 

-remember that you need a minimum balance of 0.01 sol to do not pay the rent to be alive on solana network

-choose the amount of sol you want to stake (no minimum required just be sure it worth paying the fees)

-wait 4 days (2 epoch) to start earning rewards

-done! from this moment every epoch (2 days) you'll get sol rewards directly added to your staked amount.

While staking you will be able to use only your unstaked balance of your wallet. Unstaking is possible anytime you want. Just remember you'll have to wait 2 epochs (4days) to get your coins unstaked and then withdraw them back to your wallet.

Fees

-1 transaction fee to send your coins to validator

-1 transaction fee to unstake your coins when you wish to

-1 transaction fee to withdraw your unstaked coins

Is it safe?

Staking is made in a non custodial way so is like normally having them in your wallet. I like the option to be able to unstake them anytime i want and i have always got an apy of 10/11% that in my opinion is a good deal.

What do you think about solana? Do you wish to stake it or are you already doing it?

Remember always do you own research and never ever give your keys to anybody when using a wallet.

Thanks for reading.