SOLANA STAKING POOLS: ADVANTAGES AND BEST OPTIONS

SOLANA STAKING POOLS: ADVANTAGES AND BEST OPTIONS

If you want to use Solana Staking Pools and generate Revenue from your SOL, you are in the right place. In this post, we are going to show you the advantages of using Solana Staking Pools and which is the Best Option at present based on a comparison.

SOLANA STAKING POOLS - SMITHII

WHAT ARE STAKING POOLS IN SOLANA

The Solana Staking Pools are created by DeFi Platforms, which are in charge of groupingvalidator nodes in order to diversify the Solana Delegatesamong the ones they consider more optimal, allowing us to Stake our SOL and delegate it to these validators.

In addition, by Staking in these pools, we will receive a Liquidity Token belonging to the Staking Pool. This token allows us to maintain our liquidity while generating returns on our investment.

If you want to learn more about Staking in Solana take a look at this post.

HOW MUCH MONEY CAN I EARN WITH STAKING SOLANA POOLS?

By Staking Solana in Pools, we will generate 6.5-6.8% APY, a return of almost 7% of our investment.

We must bear in mind that Staking in Pools allows us to invest our SOL in a diversified way and generatereturns without losing liquidity.

Of course, the DeFi platform that provides these pools have a commission, so the APY is usually slightlylower than that of a validator.

Earnings are not fixed, but are a calculation that will vary based on the pool performance to which we delegate our SOL (see below for the best options).

We must remember that this revenue is not insured and there are associated risks.

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WHAT IS THE BEST SOLANA STAKING POOL

If you want the quickanswer, in our opinion the BEST Staking Pool in Solana is: MarinadeFinance.

The performance and profits that we will achieve with the SOL Staking in Pools will depend on the platform we decide to use.

In addition, safety is a keyfactor, so it is really important to make the rightselection of the pool in which to stake.

The factors that differentiate Solana's Best Staking Pools are:

  • Number of Solana Staked
  • Commission
  • Estimated APY
  • Trust
  • Historical performance

For the followingcomparison, we have chosen what we consider to be the best options in Solana based on these criteria.

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COMPARISON OF BEST STAKING POOLS IN SOLANA

The percentageindicated in "SOL Staked" is the percentage of the total Solana supply, the commissionis not the APY we will receive, it is the commissionthe validator receives from the total APY generated with our SOL.

After the comparison table, we will talk in depth about each of the Validators.

Staking ValidatorAPYSOL StakedValidatorsLiquidity Token
Marinade Finance6.52%4.794.340144mSOL
Lido Finance5.84%2.354.84920stSOL
Jito Network6.79%652.35739jitoSOL
JPOOL7.07%424.35138JSOL
The data in the table is of the date this post was written, to see the updated information check the link below.

Here you can see the information of all Solana Pools.

MARINADE FINANCE

MarinadeFinance is undoubtedly the number 1 platform in Solana when it comes to Staking Pools.

Despite its short history, it has beaten the rest of the competitors with almost 5 MILLION SOL stakes in its platform.

To top it off, its mSOL liquidity token is super popular and available on most DeFi platforms for lending, DEX, pools, etc.

They also have their own $MNDE token and their collection of Marinade Chefs NFTs.

It is also the most diversifiedplatform in terms of validators and maintains a very decent APY.

LIDO FINANCE

Lido.fi was one of the first DeFi platforms on which to do SOL Staking in pools.

It has lost quite a lot of market share to Marinade, but it still has a lot of users who rely on its pool and its stSOLliquiditytoken.

Like mSOL, its stSOL token is everywhere and very popular within the Solana Ecosystem. Occurs the same for its $LDO token.

It has a slightly lower APY than the rest, but it is undoubtedly an option to be taken into account that gives us confidence and security.

JITO NETWORK

Jito stands out for its APY close to 7% and for its long track record in the sector.

We went downanotch in terms of popularity and volume, but it is still very interesting.

Their jitoSOL token has a very healthy situation and they use MEV validators. In other words, they maximize profits with their Staking.

This is a very interesting option, especially if we are looking for an APY practically identical to the Staking directly with a validator.

JPOOL

JPool is the leastknown option and the most profitable with +7% APY.

They have prettydecent numbers and a great future projection for how they are performing.

Its JSOL token remains more valuable than SOL despite the market movement and this is a very good sign.

In addition, they have very interesting partners such as Solana Foundation, Big Brain Holdings or Genblock Capital.

PROS AND CONS POOL STAKING SOLANA

Solana Staking in Pools has its very positive side, but it also has a part of risk. Evaluate if it is for you.

✅ PROS SOLANA STAKING POOL

Very good APYs

We keep our liquidity

We diversify risk

We support network operation

❌ CONS POOLS STAKING SOLANA

Less APY than validators

Risks associated with the platform

Losses if Solana depreciates

CONCLUSION

The Staking Pools in Solana are a very good option if we want to diversify risks and generate returns with our investment. Which DeFi Platform will you choose for Staking?

Thank you for reading us, remember to subscribe to our Newsletter to receive valuable content about NFT and Crypto weekly.

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